Broad advance for US miners
The trading period April 30-May 5 was broadly positive for U.S. markets, with the Dow Jones Industrial Average advancing 85.37 points to 8,588.36 and the broader-based Standard & Poor’s 500 index up 1…
Harmony Gold Mining Company Limited
Harmony launches gold bars
Harmony Gold Mining, South Africa’s third-largest gold producer, is marketing a series of branded gold bars to consumers at home and abroad, with 90% of the product bound for India.Although South Afri…
Harmony digs deep at Elandsrand
Johannesburg, South Africa — This country’s third-largest gold producer, Harmony Gold Mining (HMY-N), has embarked on a shaft-deepening project at its Elandsrand mine in the famed Witwatersrand Basin…
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…
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
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…
Barron’s mugs Royal Gold
An exceedingly negative story about Royal Gold in the March 1 edition of Barron’s knocked a painful $6 off the gold royalty company’s shares, which dipped below US$14 before recovering to US$15.46 at …
Harmony targets Australia’s Abelle
South Africa’s third-largest gold producer, Harmony Gold Mining (HMY-N), has launched an A75-per-share bid for all the shares of Perth, Australia-based Abelle.The offer represents a 14% premium over …
Great Basin drills Burnstone (February 10, 2003)
Vancouver — Great Basin Gold (GBG-V) has launched a 5-rig, 20,000-metre diamond drilling program over its newly acquired Burnstone property, 100 km southeast of Johannesburg, South Africa.The project…
Morila shapes up as money-spinner for AngloGold, Randgold; Kolwezi; Diamond Fields
Mine proves to be a company-maker for RandgoldThe Morila mine in southern Mali is clearly a mine with a problem.The operation, which poured its first gold in the last quarter of 2000 and its millionth…
A sweet week for golds
Gold bugs were delighted over the holiday-shortened report period as prices for the yellow metal surged more than US$7 to a new, 6-year high of almost US$360 per oz.Gold has been on a steady march upw…
Markets top out
U.S. equity markets were broadly better as investors digested the big gains that followed the new year. In the report period Jan. 8-14, the Dow Jones Industrial Average rose 102.03 points to 8,842.62,…