Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
AngloGold Ashanti Limited
Pangea poised for success in Tanzania
Recognizing the potential of the Tanzanian Lake Victoria goldfields of East Africa early on, Pangea Goldfields (PGD-T) began acquiring properties there in the early 1990s. It now boasts a portfolio of…
Writedowns push Ashanti into red
Writedowns in the fourth quarter of 1999 wiped out any earnings for Ashanti Goldfields (ASL-N).During the 3-month period, writedowns totalled US$233.1 million (or $2.08 per share). Before these writed…
Dow pulls back from big loss
The Dow Jones industrial average suffered a staggering drop during the report period ended April 18, though late-week trading cut the losses to 4.6%. The Dow ended the week down 519.66 points at 10,76…
Dow Jones edges higher
The Dow Jones industrial average climbed 122.24 points, or 1.1%, during the report period ended April 11 to close at 11,287.08, as investors continued fleeing high-tech stocks on the Nasdaq.Spot gold …
Fancamp tests Kourouba
Fancamp Exploration (FNC-V) has begun pit-sampling a promising gold-in-soil anomaly at its Kourouba property in southwestern Mali.Kourouba covers 200 sq. km of the regional Kalana greenstone belt. The…
Gold benefits from recent market whipsaw
The Dow Jones industrial average climbed 228.73 points to finish the report period ended April 4 at 11,164.84, despite wild fluctuations on the last trading day. It plunged as much as 500 points durin…
AngloGold buys stakes in Geita, Morila
For US$205 million in cash and help in obtaining project financing, AngloGold (au-n) has struck a preliminary deal to buy a 50% interest in Ashanti Goldfields’ (ASL-N) Geita gold project in Tanzania.T…
AngloGold expands presence in South America
The world’s largest gold producer has set its sights on several prospective areas of South America as part of an ongoing effort to expand beyond its operating base in South Africa.In the past year, An…
AngloGold expands at Cresson
AngloGold (AU-N) and Golden Cycle Gold (GCC-P) have increased reserves and resources to nearly 10 million oz. gold near Colorado Springs, Colo.Reserves increased by more than 10% to 169 million tons g…
Dow rockets, gold sputters
During the report period ended March 21, the Dow Jones industrial average gained 1,096.1 points, or 11%, to close at 10,907.24. The rally was highlighted by a record gain of nearly 500 points on March…
Southern Metals begins drilling in Ecuador
Southern Metals (SUH-V) has begun a core drilling program at the Paccha gold property in southwestern Ecuador in an effort to test high-grade structures.The junior is earning a 70% interest in the pro…