AngloGold Ashanti Limited

Base metals looking better

Stock markets south of the border moved sideways over the trading period Sept. 15-21, with a quarter-point interest rate increase by the Federal Reserve making little impact on share prices. The Dow Jones Industrial Average was off fractionally at…



Gold Fields Mineral Services

Global hedge books trimmed for fourth consecutive Q

Vancouver — Approximately 3.9 million oz. were trimmed from gold producers’ hedge books in the 3-month period ended June 30, marking the fourth consecutive quarter in which the global hedge book moved away from hedging.


A drill rig explores Newcrest Mining's Cadia East gold project in southeastern Australia. The underground resource now stands at 7 million oz. gold-equivalent.

Newcrest is on a roll at Telfer, Cadia East

Newcrest Mining (NCMGF-O) has increased gold and copper resources at its Cadia East project in New South Wales, and is on track to begin production in mid-2005 at its Telfer project in Western Australia. The Kencana gold project…



Market rally pulls up miners

U.S. stock markets made a modest gain during the report period Aug. 12-24, with the Dow Jones Industrial Average rising 1.6% to 10,098.63 points and the S&P 500 index up 1.9% at 1,096.19.


Interest rate worries sink US boards

Downbeat economic news, high crude oil prices, and the expectation that the U.S. Federal Reserve would increase interest rates brought U.S. stock markets lower in the reporting period Aug. 4-9. The S&P 500 Index fell 34.47 points, or 3.1%, to 1,06…


Mining stocks outpace Dow

There wasn’t much motion in U.S. equity markets over the report period July 28-Aug. 3 as the major indices posted only fractional gains. But the resource sector was way ahead of the broader market, with most mining equities higher.


Chirano gold resources up 22%

Vancouver – New drilling at Red Back Mining’s (RBI-V) Chirano gold project in Ghana, West Africa, has resulted in a…


Mining stocks weaken

U.S. stock markets edged lower in the reporting period July 21-27, and for the most part mining equities — in both precious and base metals — edged along with them. The Dow Jones Industrial Average was off 0.6%, falling 63.93 points to 10,085.14…



Strike ends at Morila

A three-day strike over a productivity bonus has ended at the Morila gold mine in southern Mali, reports operator R…


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