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 …
Gold Fields Limited
Goldfields sees profits shrink
Vancouver — Gold Fields (GFI-N) posted a 40% drop in profits between the 3-month period ended Sept. 30 and the previous quarter.The world’s fourth-largest bullion producer earned US$61 million in the…
Committee Bay seals deal with Gold Fields
Vancouver — With the results from a 1,477-metre drill program in hand, Gold Fields (GFI-N) has elected to proceed with a joint venture agreement at Committee Bay Resources’ (CBR-V) flagship gold prop…
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…
Birim cuts gold in Ghana
Reconnaissance drilling by Birim Goldfields (BGI-T) has led to the discovery of several gold prospects at the Bui project in west-central Ghana.The program, entailing 3,411 metres in 59 reverse-circul…
Outokumpu swaps assets with Boliden
An asset-swap deal between Scandinavian metal producers Outokumpu of Finland and Boliden (BLS-T) of Sweden will move almost all Outokumpu’s remaining mining assets to Boliden.The exchange will give Ou…
Committee Bay yields high-grade gold (September 08, 2003)
Vancouver — A 1,477-metre drill program by partners Committee Bay Resources (CBR-V) and Gold Fields (GFI-N) has returned impressive values from the Three Bluffs zone on the Committee Bay gold project…
Gold Fields takes out Arctic Platinum (August 18, 2003)
Vancouver — South Africa’s second-largest gold producer has acquired Outokumpu’s 49% stake in the Arctic platinum project in northern Finland.Gold Fields (GFI-N), which already owns 51% of the projec…
Rising rand hits African gold miners
Vancouver — Africa’s biggest gold producers felt the impact of a falling U.S. dollar during the second quarter.AngloGold (AU-N) earned US$66 million in the three months ended June 30, or 11% less tha…
Gold Fields doubles Radius stake (August 11, 2003)
Vancouver — South African-based Gold Fields (GFI-N) now holds a 12.9% stake in junior Radius Explorations (RDU-V).The major, which currently lays claim to 3.6 million shares of the Simon Ridgway-led …
El Callao district abuzz with activity
El Callao, Venezuela — It’s a story that would make a Goldcorp shareholder nod and smile in recognition: workers at a tired, high-cost underground gold mine in a historic gold camp drill into a new z…
South Atlantic buys stake in Arctic Platinum
Vancouver — South Atlantic Ventures (SAA-V) will pay US$23 million in cash and US$8 million in shares for Outokumpu’s 49% interest in the Arctic Platinum partnership (APP), an exploration project in …