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…
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Junior explores for Pipeline’s roots
Denver — Toronto geologist John Gardiner believes he holds the key to a major reinterpretation of the geology of Crescent Valley in central Nevada — a revision that could not only resolve long-stand…
Silver fabrication demand up in 2000
Demand for products made with silver grew by more than 5% in 2000, according to a survey compiled by London-based Gold Fields Mineral Services and published by the Silver Institute in Washington, D.C….
Poor maintenance at Beatrix
An investigation into the recent explosion that killed 12 workers at Gold Fields’ Beatrix mine in South Africa has revealed that the operation had inadequate maintenance standards.The report, performe…
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…
Gas explosion claims 12
A methane explosion has killed 12 people at the Beatrix gold mine in South Africa’s Free State.The accident occurred after an underground fan broke down, resulting in a buildup of methane gas, says Go…
Gold Fields pays off Tarkwa loan (May 21, 2001)
Denver — Gold Fields (GOLD-Q) has paid off the project loan for the Tarkwa gold mine in Ghana, three years ahead of schedule.The South African company used cash flow from operations, as well as proce…
Copper, nickel gain despite slowdown
Metals prices are proving to be resilient in the face of slowing economic growth and a barrage of discouraging economic indicators. In the race for stability and strength between the U.S. dollar and t…
Gold price might rise: survey
There is a growing possibility that the price of gold will break out of the US$256-to-$273-per-oz. range witnessed in the first quarter, according to Gold Survey 2001, published by U.K.-based Gold Fie…
Sideways-trading takes hold
Although several positive fundamental factors emerged from the U.S. during the report period April 23-27, these were offset by negative ones worldwide, such as weakening fundamentals in the Asian regi…
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…