Harmony Gold raises US$200M to buy AngloGold assets
Harmony Gold (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partly fund its acquisition of rival AngloGold Ashanti’s (NYSE: AU) assets in…
AngloGold Ashanti
AngloGold Ashanti confirms 196 COVID-19 cases at Mponeng in South Africa
AngloGold Ashanti (NYSE: AU) has temporarily closed its Mponeng mine in South Africa after 196 workers tested positive for COVID-19. The company has conducted 651 tests since the first COVID-19…
Corvus Gold finds new zone below Mother Lode deposit
Corvus Gold (TSXV: KOR; US-OTC: CORVF) has discovered a new gold mineralized zone below the company’s Mother Lode deposit, located 165 km northwest of Las Vegas in the Walker Lane…
Resolute sells Ravenswood to focus on Africa
Resolute Mining (LSE: RSG) is selling its Ravenswood gold mine in Queensland — its only Australian asset — to private equity firm EMR Capital Management for US$207 million in cash….
Southwest US Snapshot: Precious metals, battery metals and uranium activity
In our annual overview of exploration and mining activity in the Southwestern U.S., we focus on eight companies active in the region. Precious metals appear to be the exploration target…
US markets up, Sept. 17-21
The Dow Jones Industrial Average jumped 2.25% to 26,743.50 and the S&P 500 Index rose 0.85% to 2,929.67. New York spot gold increased 0.47% to US$1,198.70 per oz. gold. Rio…
US Markets rise slightly, Aug. 20-24
U.S. markets swung upward, as gold gained 1.7% to end the trading week at US$1,205.30. The Philadelphia Gold and Silver Index rose 2.6% to 67.68 and the Dow Jones Industrial…
Barrick president Kelvin Dushnisky to join AngloGold Ashanti as CEO
Barrick Gold (TSX: ABX; NYSE: ABX) president Kelvin Dushnisky is leaving the company at the end of August to join AngloGold Ashanti (NYSE: AU) as CEO. Dushnisky joined Barrick in…
B2Gold finds more gold at El Limon
B2Gold (TSX: BTO; NYSE-AM: BTG) began the year in Nicaragua with an open-pit resource on its Central Zone gold discovery at the El Limon mine. The Central Zone has 5.13…
US markets dip, May 14-18
Gold closed at US$1,291.9, down 2% over the previous trading week, as U.S. markets slipped. The Philadelphia Gold and Silver Index fell 2.14% to 82.06, and the Dow Jones Industrial…
Equinox Gold nears production at Aurizona
Equinox Gold (TSXV: EQX; US-OTC: EQXGF) expects to pour the first gold at its Aurizona open-pit project in northeastern Brazil before year-end. The past-producing mine — which was put on…
US markets rise marginally, April 16-20
The Dow Jones Industrial Average climbed 0.42% to 24,462.94 and the S&P 500 Index rose 0.52% to 2,670.14. Alcoa posted the largest gain, surging $5.05 per share to $60.01. The…