AngloGold (Jerritt Canyon) Corp

US traders eye producers

The Aug. 13-19 report period was a good time to be a metal producer south of the border, with gold, copper and diversified miners all moving ahead.Among the more notable issues in the gold sector was …



Ashanti bidders rebound

Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…


Rally stalls

U.S. markets backed off the summer rally during the reporting period July 30-August 5, with the Dow Jones Industrial Average sliding 168.14 points to close at 9,036.32.It wasn’t a bad five days for th…


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…


Coeur advances Kensington

The best news of the period for U.S.-based miners was Coeur d’Alene Mines’s signing of a memorandum of understanding with Alaska and U.S. agencies to grant environmental permits for the company’s prom…


Low-cost El Peon drives Meridian

Second-quarter earnings at Meridian Gold (MNG-T) were somewhat lower than in 2002, but low costs at the El Penon mine kept the company well in the black. For the three months ended June 30, Meridian e…


Rubicon drills in Red Lake

Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…


Queenstake closes Jerritt deal

Queenstake Resources (QRL-T) has acquired the Jerritt Canyon gold mine in Nevada’s Elko Cty., after wrapping up a previously announced brokered private placement of 105 million subscription receipts f…


Gold majors on the march

Even with gold languishing in the low US$350-per-oz. range, all the U.S.-listed gold majors enjoyed strong gains through the report period ended July 1.Sector-leader Newmont Mining jumped $1.58 to US$…


Queenstake bankrolls Jerritt Canyon

Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…


US markets have tough week

If the U.S. equity markets were indeed beginning a bullish phase, then the trading period June 18-24 was another slide down the wall of worry. The Dow Jones industrial average gave back 213.17 points,…


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