AngloGold (Jerritt Canyon) Corp

Newmont ups ante as AngloGold stands pat

Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…


Rubicon expands Red Lake gold portfolio

Junior Rubicon Minerals (RMX-V) has signed an agreement with a private company to acquire the McFinley gold project in the Red Lake camp of northwestern Ontario.The Vancouver-based company must pay $8…


Producers rise on higher prices

The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…


US markets up over the holidays

Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…



TSE enters new year with a bang

Having lost 14% of its value last year, the Toronto Stock Exchange 300 index began the slow road to recovery with a gain of 163.11 points, or 2.2%, over the Dec. 21-Jan. 1 report period. The benchmark…


Homestake shareholders OK Barrick merger

In mid-December, shareholders of Homestake Mining (HM-N) gathered in Walnut Creek, Calif., for the final meeting in the company’s 124-year history and overwhelmingly approved merging with Barrick Gold…


Gold stocks buoyed by rising bullion price

U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…


Gold explorers jump back to life

Buyers managed to overtake sellers over the Dec. 12-18 report period to push the Toronto Stock Exchange 300 index up 54.84 points to 7,586.47.Gold surged ahead $5.65 in London markets to land at a mor…


Normandy takeover heats up

The quest for Australian gold producer Normandy Mining turned a corner over the Dec. 5-11 report period as Newmont Mining increased its cash component to twice that offered by rival suitor AngloGold…


US rate cut spooks northern investors

The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…


Consolidation afoot in Free State

Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…


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