Miners in retreat
Despite a stronger performance by base metals, the share prices of the base metal giants took a pounding during the April 23-29 report period.Investors are concerned about base metals’ exposure to any…
Gold Fields Limited
Alcoa trims more workers
The biggest news of the week was Alcoa’s announcement it will cut production and staff at three smelters, in Rockdale, Tex., Massena, N.Y., and Ferndale, Wash.After cutting 10,000 jobs in 2002, the co…
Monroe manages risks with methodical approach
Schweizer Reneke, South Africa — Neels Badenhorst plucks a small, clear diamond off the grease table and pops it into his mouth. Dangling from a leather string around his neck is a vial filled with o…
US golds take hit as price falls
A steep dip in the price of gold pushed U.S. gold producers lower over the April 2-8 report period. The yellow metal was fixed at US$324.10 per oz. on the morning of April 9, for a loss of $6.15 on th…
Mitsui buys into CVRD
The biggest global mining story of the report period was the complex deal involving Brazilian iron ore giant Cia Vale do Rio Doce’s (CVRD) and Japan’s no. 2 trading house, Mitsui.Mitsui winds up spend…
NYSE MOST ACTIVE ISSUES (March 31, 2003)
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1673526.2524.2325.00-0.98…
NYSE GREATEST PERCENTAGE CHANGE (March 31, 2003)
ExchgVol(000s)HighLowClose%ChangeOM Group*N380410.298.689.50+9.83…
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…
NYSE MOST ACTIVE ISSUES (March 24, 2003)
ExchgVol(000s) High Low Close ChangeAlcoa*N991221.2919.8021.14+1.26…
Coeur sets records
Last year was a banner one for Coeur d’Alene Mines, as the company set records for silver and gold production. Silver output rose 36% to 14.8 million ounces, produced at a cash cost of $2.89 per oz., …
Higher gold price adds pizzazz to PDAC convention
Consolidation, sustainability, and the allure of the mysterious East: the 71st annual convention of the Prospectors & Developers Association of Canada (PDAC) did not want for themes.It seems gold is n…
GREATEST VALUE TRADED, MARCH 5-11
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42212127.5024.6624.75-2.50…