Gold miners take a beating
Denver — The Dow Jones industrial average climbed 281.69 points, or 2.8%, during the report period ended July 31 to close at 10,522.81, while spot gold on the Comex division of the New York Mercantil…
Freeport-McMoRan Inc
Rio narrows gap with Anglo
Rio Tinto continues to gain ground on Anglo American in its quest for first place among global mining companies, as ranked by the Raw Materials Group in Who Owns Who in Mining 2001.The U.K.-based tita…
Freeport enjoys strong quarter
Denver — Improved ore grades and record throughput at the Grasberg copper-gold operation in Irian Jaya, Indonesia, should propel Freeport-McMoRan Copper & Gold (FCX-N) to a profitable second quarter….
Gold hangs on as market teeters
Denver — The Dow Jones industrial average fell 472.36 points, or 4.4%, to 10,175.64 in the U.S. holiday-shortened report period ended July 10, amid warnings of poor second-quarter earnings. The Nasda…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Market weakens entering summer
Denver — The Dow Jones industrial average slumped 351.71 points, or 3.2%, to 10,596.67 for the report period ended June 19, as the market slipped into the summer doldrums. The Nasdaq dipped below 2,0…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
Few bright spots in down market
Denver — The Dow Jones industrial average climbed 136.70 points, or 1.2%, to 11,175.84 during the report period ended June 5, while spot gold slumped to US$265.70 on the Comex division of the New Yor…
Boyongan copper-gold discovery attracts market attention
A year or so ago, Philex Gold (PGI-V) was just another struggling producer barely noticed by investors. Although the company’s sole operation in the Philippines still isn’t turning a profit at current…
Market catches gold fever
Denver — The Dow Jones industrial average surged again after a brief respite, climbing 384.27 points, or 3.5%, to 11,257.24, its highest point in 15 months. The Nasdaq hit 2313.85.Spot gold on the Ne…
Gold weathers latest auction
Denver — The Dow Jones industrial average dipped 10.54 points, or 0.01%, to 10,872.97 for the report period ended May 15, despite a 0.5% interest rate cut by the U.S. Federal Reserve.However, spot go…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …