Gold stocks down as bullion rises
This was a week of mainly sideways motion in the U.S. equity markets, with the Dow Jones Industrial Average rising 69.78 points to 9,923.42, as the Standard & Poor’s 500 Index fell 6.44 points to 1,06…
AngloGold (Jerritt Canyon) Corp
North Atlantic drills in western Mali
North Atlantic Nickel (NAC-T) is drill-testing the limits of three gold prospects at the Kantela gold project in western Mali.The program will entail 4,340 metres in 60 reverse-circulation holes. None…
Golds rebound on mixed week
The major bourses south of the border picked up where they left off. The Dow Jones Industrial Average ended the Nov. 12-18 period off 224.67 points at 9624.16, while the Standard & Poor’s 500 index dr…
Miners stage retreat
After running up in mid-week action, the Dow Jones Industrial Average closed the Nov. 5-11 report period 83.04 points lower at 9,737.79, while the Standard & Poor’s 500 index shed 5.24 points to make …
Big miners make big gains
It was a generally good trading period in the U.S. equity markets, with the major indices up modestly but the mining stocks generally strong. The Dow Jones Industrial Average picked up 90.52 points to…
Randgold ups Ashanti ante, omits cash (November 03, 2003)
True to its word, Randgold Resources (GOLD-Q) has boosted its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N).Under the revised bid, Ashanti shareholders are being offered 0.56 of a Rand…
Fire shuts down Morenci
A fire at one of four solvent-extraction plants at Phelps Dodge’s Morenci copper mine in Arizona curtailed production for four days during the report period ended Oct. 21. The fire severely damaged fo…
AngloGold boosts Ashanti bid (October 27, 2003)
AngloGold (AU-N) has bumped its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N) by 11.5%.The world’s third-largest gold producer is now offering 0.29 of an AngloGold share for each share…
Gold Fields, Anglo ink deal
Vancouver — South African-based rivals Gold Fields (GFI-N) and AngloGold (au-n) have elected to team up in the country’s Driefontein mining area.AngloGold will buy a portion of Gold Fields’ Block 1C1…
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …