Miners passed by in broad advance
The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…
Freeport-McMoRan Inc
A sweet week for golds
Gold bugs were delighted over the holiday-shortened report period as prices for the yellow metal surged more than US$7 to a new, 6-year high of almost US$360 per oz.Gold has been on a steady march upw…
Markets top out
U.S. equity markets were broadly better as investors digested the big gains that followed the new year. In the report period Jan. 8-14, the Dow Jones Industrial Average rose 102.03 points to 8,842.62,…
Bulls back on Wall Street
A 265-point jump in the Dow Jones Industrial Average on the first trading day of 2003 put investors in the mood for gains, and the U.S. markets in general had a stellar week. The Dow was up 407.74 poi…
Golds rise against tide
Rising gold shares were set off in contrast to most other market sectors after a poor three trading days on the U.S. exchanges, Dec. 23-27. The Dow, declining 207.54 points to 8,303.78, and the S&P 50…
BHP Billiton drops Ekati brand
London-based BHP Billiton has dropped its Ekati diamond brand in favour of Aurias, a brand already known in markets outside North America.The company previously sold diamonds under the Ekati brand nam…
Gold touches US$355 per oz.
Gold bugs were particularly exultant during the report period ended Dec. 20 as the yellow metal surged to US$355 per oz. on Dec. 19. during intra-day, European trading.However, any belief in gold is s…
Golds show life signs
U.S. markets moved sideways over the reporting period Dec. 11-17, but the mining stocks, particularly the golds, ran up substantially. The Dow, which fell 38.87 points to 8,535.39, was down slightly, …
WMC gains titanium asset
The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…
Phelps Dodge, Cabot under investigation
The biggest story over the period was the revelation that Phelps Dodge and Cabot are being jointly investigated by American and European antitrust authorities for alleged price-fixing in the carbon bl…
Grasberg delivers the goods in third quarter
Freeport-McMoRan Copper & Gold (FCX-N) is bouncing back from a disappointing first half, thanks to strong operating performance at the massive Grasberg copper-gold mine in Indonesia.The improvement re…
Precious metals miners shine
While gold prices ended the report period virtually unchanged at around US$317 per oz., gold bugs drew encouragement that most of the gold miners showed uncharacteristic strength and added to the prev…