IMF forecasts spur optimism
Metals prices turned in another poor performance during the report period Sept. 24-28 as fears over the global economic outlook intensified. Of the major London Metal Exchange metals, nickel and zinc …
Gold Fields Limited
Testing the ‘safe haven’ theory
Unless an all-out investor-led recovery in gold as a “safe haven” develops, prices will likely remain subdued as a slowdown in the world economy undermines demand for items made with the yellow metal….
Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
Ivanhoe Mines tops up treasury
With another US$5 million in the till, Ivanhoe Mines (IVN-T) is well-financed to continue exploring for gold and other metals in Southeast Asia.The junior is exploring a gold-copper-molybdenum porphyr…
Dow plunges in wake of tragedy
Denver — Nearly a week after the terrorist attacks on New York City and Washington D.C., trading resumed in a strongly negative fashion. The Dow Jones industrial average plunged 702.11 points, or 7.3…
Gold and terrorism
In the wake of the terrorist attack on the U.S. on Sept. 11, at least some investors have looked to gold, the traditional haven in times of crisis.Gold prices responded swiftly, and the London morning…
Drilling at Sastre fails to return higher-grade values
Investors bailed out of Radius Explorations (RDU-V) ahead of drill results from the Tambor gold property in central Guatemala, driving the stock to a 52-week low of 45.The junior tabled disappointing…
Dow dips below 10,000 mark
Denver — Growing market pessimism pushed the Dow Jones industrial average below the 10,000 mark, down 224.54 points, or 2.2%, to 9997.49 points during the report period ended Sept. 4. The Nasdaq drop…
Interest rate cut falls flat
Denver — Financial markets sank in response to the U.S. Federal Reserve’s latest quarter-point interest rate cut, sending the Dow Jones industrial average down 238.03 points, or 2.3%, for the report …
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…
South African strike delayed
At presstime, a national strike at South Africa’s gold mines had been postponed until late July. However, the National Union of Mineworkers (NUM) said the labour action would go ahead at certain coal …
Arctic Platinum hits 6 million oz.
Vancouver — Results from a 25,700-metre drill program have prompted South African-based Gold Fields (GOLD-Q) and Finnish-based Outokumpu to more than double the previous resource estimate at their Ar…