AngloGold expands at Cresson
AngloGold (AU-N) and Golden Cycle Gold (GCC-P) have increased reserves and resources to nearly 10 million oz. gold near Colorado Springs, Colo.Reserves increased by more than 10% to 169 million tons g…
AngloGold Ashanti Limited
Dow rockets, gold sputters
During the report period ended March 21, the Dow Jones industrial average gained 1,096.1 points, or 11%, to close at 10,907.24. The rally was highlighted by a record gain of nearly 500 points on March…
Southern Metals begins drilling in Ecuador
Southern Metals (SUH-V) has begun a core drilling program at the Paccha gold property in southwestern Ecuador in an effort to test high-grade structures.The junior is earning a 70% interest in the pro…
Rocky Dow leaves gold cold
The Dow Jones industrial average gained 15.21 points, or 0.15%, during the report period ended March 14 to close at 9,811.24 in turbulent trading.The uncertainty in the broader market had little effec…
Dow posts heavy losses
The Dow Industrials got pummeled during the report period ended March 7, falling 332.28 points, or 3.3%, to 9,796.03. It was the second time in two weeks the Dow had dipped below the 10,000 mark, as t…
Meridian boosts reserves at El Peon
Reno, Nev.-based Meridian Gold (MDG-N) reports a 38% increase in gold reserves at the newly opened El Peon mine in northern Chile.The reserve figure now stands at 1.2 million oz. gold following drill…
Majors hot for Ashanti’s stake in Geita project
Ashanti Goldfields’ (ASL-N) fire sale of a 50% joint-venture interest in its promising Geita mine project in the Lake Victoria Goldfields of northwestern Tanzania has attracted the attention of a half…
INVESTMENT COMMENTARY — Iamgold gets nod for low costs at Sadiola Hill
First Marathon’s Kerry Smith is one of a growing number of mining analysts giving high marks to the financial performance of Iamgold (IMG-T) and the operating success of its Sadiola Hill gold mine in …