Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
AngloGold Ashanti Limited
Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
Orezone ties on to Sadiola
Ottawa-based Orezone Resources (ORZ-T) has picked up an option on the Kantela property, which adjoins the producing Sadiola Hill gold mine in western Mali.The deal, with a private syndicate, gives the…
Leadville Mining gains second Mexican gold play
Denver — After picking up a gold property in Sonora, Mexico, Leadville Mining & Milling (LMMI-O) has inked a deal for a second property, in the neighbouring state of Sinaloa.The company will earn a 5…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Ashanti, AngloGold boost reserves at Geita
Geita District, Tanzania — Tanzania’s mining renaissance owes much to the pioneering spirit of Ashanti Goldfields (ASL-N) and AngloGold (AU-N), which set out, in the late 1990s, to broaden their oper…
AngloGold expands from South African base
When AngloGold (AU-N) was established in early 1998, it sought to transform itself from a company with aging South African mines and few growth opportunities into to a company with a broad portfolio o…
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
Sadiola Hill gold mine has record year
Western Mali’s Sadiola Hill gold mine, owned by AngloGold (AU-N), Iamgold (IMG-T), and the Malian government, has finished a record year of production.Sadiola poured 611,442 oz. gold in 2000, a record…
Writedowns translate into loss for Placer Dome
Vancouver — Placer Dome (PDG-T) felt the brunt of lower gold prices as US$377 million in writedowns pushed the company into the red during 2000.Despite record cash flow and operating earnings, the co…
South African output slides
Vancouver — Last year was not a memorable one for the world’s No. 1 gold-producing country. Low gold prices saw South Africa post its lowest annual output in almost 50 years.The country’s Chamber of …
Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….