AngloGold boosts Ashanti bid (October 27, 2003)
AngloGold (AU-N) has bumped its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N) by 11.5%.The world’s third-largest gold producer is now offering 0.29 of an AngloGold share for each share…
Ashanti Goldfields Company Limited
Ashanti proves up Youga
Drilling by Ashanti Goldfields (ASL-N) on the A2 Main deposit at the Youga project in Burkina Faso, West Africa, has returned some encouraging intersections.Highlights are as follows:– Hole 10 — 37….
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
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 …
Randgold Resources takes run at Ashanti (August 18, 2003)
Mid-tier producer Randgold Resources (GOLD-Q) has made the proposed merger between Ashanti Goldfields (ASL-N) and AngloGold (AU-N) a whole lot more interesting by making a merger proposal to As…
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…
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
Cassidy Gold proves up Guinean deposit
Vancouver — A 6-hole drilling program by Kamloops, B.C.-based Cassidy Gold (CDY-V) has returned promising grades from the Kouroussa property in Guinea, West Africa.The project is 570 km east of the c…