Gold producer Echo Bay Mines (ECO-X) intends to focus its limited exploration budget on North American projects viable at current low prices for the yellow metal.The strategy is aimed at acquiring ear…
The Dow Jones industrial average came off its high with four consecutive days of losses amid further fears about interest rates. The market was down 454.02 points, or 4%, to close at 10,829.28 for the…
Low operating costs triumphed over weak gold prices for Ashanti Goldfields (ASL-N), propelling the company to a profitable second quarter.The Ghana-based producer earned US$16.4 million (or 15 cents p…
The Dow Jones industrial average hit an all-time high during the report period ended Aug. 24, climbing 166.22 points, or 1.55%, to 11,283.30 on expectations that the Federal Reserve Board will boost i…
The Dow Jones industrial average jumped 461.93 points, or 4.3%, during the report period ended Aug. 17 at 11,117.08, again climbing toward an all-time high.Aluminum took the spotlight as industry lead…
Falling gold prices have forced Ashanti Goldfields (ASL-N) to lay off more than 2,000 workers at the Obuasi mine in southwestern Ghana.The move is designed to save the company US$7 million annually, l…
The Dow Jones industrial average slipped 22.16 points, or 0.2%, to finish the report period Aug. 4-11 at 10,655.15.Mining issues inched upward on improving commodity prices. Gold was up to US$258.70 p…
AfrioreAlcanAlcoaAlusuisse LonzaAnaconda NickelAnglo American PlatinumAnglo AmericanAnglogoldAquest MineralsArmada GoldAshanti GoldfieldsAtna ResourcesAur ResourcesAuric ResourcesBarrick …
The Dow Jones industrial average posted a new high of 11,175.02 for the July 7-13 report period, with a modest climb of 39.9 points, or 0.4%.Gold companies edged downward as the price slumped to new l…
The Dow Jones industrial average jumped 319.77 points, or 3%, during the holiday-shortened report period of June 30-July 6, closing just short of an all-time high at 11,135.12.Britain’s July 6 auction…
It’s hard to imagine why any investor would sell shares at discounted prices when they could easily realize better prices on the open market. Yet enough are selling to keep a Phoenix-based firm busy e…
The Dow Jones industrial average slipped 170.65 points, or 1.6%, for the week ended June 15, to close at 10,594.99.Gold companies held steady while the metal briefly sunk below US$260 per oz. It finis…
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