DRDGOLD Limited

Major slippage at Grasberg

The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…


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…


Blanchard proceeds with lawsuit

New Orleans-based Blanchard and Co., the largest retail gold dealer in the U.S., received word from the U.S. District Court for the Eastern District of Louisiana that its lawsuit against Barrick Gold …


US traders eye producers

The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …


US markets have tough week

If the U.S. equity markets were indeed beginning a bullish phase, then the trading period June 18-24 was another slide down the wall of worry. The Dow Jones industrial average gave back 213.17 points,…


NUM ends strike at Buffels

The National Union of Mineworkers (NUM) has called off a strike by more than 2,000 workers at Durban Roodepoort Deep’s Buffelfontein gold mine in northwestern South Africa following wage agreements wi…


Miners passed by in broad advance

The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…


Week-long dive on US markets

Things started badly on U.S. stock markets in the trading period March 5-11, and got steadily worse. The Dow Jones Industrial Average fell 180.81 points to 7,524.06, a loss of 2.3%, while the Standard…



Ivanhoe Mines turns to Aussies for cash

Ivanhoe Mines (IVN-T) is raising up to $60 million through a private placement financing targeting Australian investors.The financing consists of up to 20 million special warrants priced at $3 apiece….


Striking miners shot in Johannesburg

Two security guards at a mine near Johannesburg were charged after allegedly opening fire on striking miners, killing two and injuring 14 others.The miners had been trying to pull down a fence to gain…


US markets reverse course

In another typical display of these troubled times, U.S. markets reversed course to finish the Aug. 21-27 report period worse off than when they started.The Dow Jones Industrial Average slipped 47.66 …


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