Yandal time-bomb keeps ticking
To the consternation of its hedging counterparties and noteholders, Newmont Mining (NEM-N) is making a bold move to clean up a financial mess at its wholly owned Newmont-Yandal gold-mining subsidiary …
Newmont Mining Corporation
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …
Pop goes the value
AngloGold, the biggest of the South African mining houses, has at last taken another run at consolidation with its bid on Ashanti Goldfields. Having lost out to Newmont Mining in the bidding war for N…
Northern Miner Indices (May 26, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Geomaque cuts high grade at Tasiast
Some 20,000 metres of reverse-circulation infill drilling have allowed Geomaque Explorations (GEO-T) to revise its estimate of the resource at the Tasiast gold project in Mauritania, West Africa.The i…
AngloGold eyes top spot with Ashanti takeover
Looking to regain top spot among global gold producers, South Africa’s AngloGold (AU-N) has entered talks aimed at achieving a merger with Ghana-based Ashanti Goldfields (ASL-N).The talks are centred …
Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
Miners have volatile week
U.S. stock markets advanced modestly over the five trading days May 7-13, with the Standard & Poor’s 500 index up 7.91 points at 942.30 and the Dow Jones industrial average 90.89 points higher at 8,67…
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Intrepid looks to Argentina
Calingasta, Argentina — The acquisition of the Casposo gold-silver project in the province of San Juan provides Intrepid Minerals (IAU-V) with a platform for growth in Argentina.The Toronto-based jun…
Franco’s Nevada royalty on block
One of the most valuable assets in the Nevada gold belt — Franco-Nevada Mining’s royalty interests in the burgeoning Goldstrike mine — is for sale.Situated in the Carlin gold trend, near Elko, and a…