GFMS sees some upside in gold price
The gold industry’s chief gatherer of supply-and-demand data, London-based Gold Fields Mineral Services, saw a fairly stable gold market in 2001 and is forecasting a slightly better year ahead for the…
Gold Fields Limited
Merger mania grips mining industry in 2001
Against a rather grim backdrop that included an American economy slipping into recession, worldwide commodity deflation and a new war on terrorism, the big story in 2001 for the North American mining …
US markets up over the holidays
Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…
Majors sink with Metal Prices
An easing of base and precious metal prices during the week before Christmas resulted in a broad decline in producers stocks.Southern Peru Copper was off 14 to US$11.16 as it placed US$73 million wor…
Normandy takeover heats up
The quest for Australian gold producer Normandy Mining turned a corner over the Dec. 5-11 report period as Newmont Mining increased its cash component to twice that offered by rival suitor AngloGold…
Alcoa proposes Labrador smelter
The Newfoundland government spent the Nov. 28-Dec. 4 report period assessing an Alcoa feasibility study into the possibility of reviving the stalled Lower Churchill hydroelectric project in Labrador. …
CDNX posts gains in active week
Vancouver — Canada’s junior exchange entered the Christmas season on a bullish note, posting gains on all indices during the week ended Dec. 4. The Canadian Venture Exchange composite index added 15….
Eldorado monitors Ovacik, hopeful at Kisladag
A strong third-quarter performance by the Ovacik gold mine in Turkey augurs well for Eldorado Gold (ELD-T), which holds Kisladag and several other advanced-stage gold projects in the country.Ovacik, w…
US markets fly like turkeys
The U.S. markets enjoyed an uneventful four trading days surrounding the American Thanksgiving holiday, with the Dow Jones Industrial Average sliding 28.78 points to 9,872.60 and the Standard & Poors …
Private investment in gold
Net retail investment in gold between 1993 and 2000 ranged between 240 and 390 tonnes per year (excluding a 117-tonne anomaly in 2000), according to a study by Gold Fields Mineral Services.The report,…
Central Asia, Caucasia in transition
Since the collapse of the Soviet Union in 1989, most countries in Europe and the Commonwealth of Independent States have tried to reintegrate with the world economy. However, 12 years later, some of t…
Hedgers battle non-hedgers
Normandy Mining’s board of directors has recommended shareholders accept the takeover bid made by Newmont Mining.Newmont arrived in mid-November as a white knight to outbid AngloGold, which had offere…