Dow, Nasdaq continue to slide
Denver — With the U.S. presidential election still unresolved, the Dow Jones industrial average continued its fall, sinking 186.56 points, or 1.7%, to finish at 10,681.06 at the end of the report per…
AngloGold Ashanti Limited
Market awaits election outcome
Denver — The Dow Jones industrial average fell 271.12 points, or 2.5%, to 10,681.06 for the period ended Nov. 14, owing to uncertainty and confusion surrounding the U.S. presidential election.However…
Dow awaits election results
Denver — The Dow Jones industrial average paused for the U.S. election, falling a mere 18.96 points, or 0.2%, to close at 10,952.18 for the week ended Nov. 7, while mining issues continued their desc…
Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Pangea poised for success in Tanzania
Recognizing the potential of the Tanzanian Lake Victoria goldfields of East Africa early on, Pangea Goldfields (PGD-T) began acquiring properties there in the early 1990s. It now boasts a portfolio of…
Writedowns push Ashanti into red
Writedowns in the fourth quarter of 1999 wiped out any earnings for Ashanti Goldfields (ASL-N).During the 3-month period, writedowns totalled US$233.1 million (or $2.08 per share). Before these writed…
Dow pulls back from big loss
The Dow Jones industrial average suffered a staggering drop during the report period ended April 18, though late-week trading cut the losses to 4.6%. The Dow ended the week down 519.66 points at 10,76…
Dow Jones edges higher
The Dow Jones industrial average climbed 122.24 points, or 1.1%, during the report period ended April 11 to close at 11,287.08, as investors continued fleeing high-tech stocks on the Nasdaq.Spot gold …
Fancamp tests Kourouba
Fancamp Exploration (FNC-V) has begun pit-sampling a promising gold-in-soil anomaly at its Kourouba property in southwestern Mali.Kourouba covers 200 sq. km of the regional Kalana greenstone belt. The…
Gold benefits from recent market whipsaw
The Dow Jones industrial average climbed 228.73 points to finish the report period ended April 4 at 11,164.84, despite wild fluctuations on the last trading day. It plunged as much as 500 points durin…
AngloGold buys stakes in Geita, Morila
For US$205 million in cash and help in obtaining project financing, AngloGold (au-n) has struck a preliminary deal to buy a 50% interest in Ashanti Goldfields’ (ASL-N) Geita gold project in Tanzania.T…
AngloGold expands presence in South America
The world’s largest gold producer has set its sights on several prospective areas of South America as part of an ongoing effort to expand beyond its operating base in South Africa.In the past year, An…