Copper, nickel end year with a whimper
Metals markets suffered a difficult start to 2001. Copper prices shed US$80 per tonne on their first trading day (Jan. 2), eventually bottoming out at a 6-month low, and nickel suffered its largest 1-…
Gold Fields Limited
Metal markets anything but shiny in 2000
While it didn’t provide the unremitting gloom of the years immediately following the Asian economic crisis, 2000 might be remembered by many metal producers as the year of the recovery that never was….
Dow begins year on down beat
Denver — During the holiday-shortened report period Dec. 27, 2000-Jan. 2, 2001, U.S. markets showed little movement: the Dow Jones industrial average began the first trading day of 2001 down 1.3%, wh…
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Gold Fields in black
Denver — Despite a poor exchange rate for the rand, Gold Fields remained profitable in the first quarter of its 2001 fiscal year.Gold production grew 6% during the 3-month period ended Sept. 30, to 9…
The Silver slump
There has been much speculation as to why silver prices are touching 20-month lows. London-based Gold Fields Mineral Services (GFMS) has produced an interim review of the silver market, and its resear…
Market awaits election outcome
Denver — The Dow Jones industrial average fell 271.12 points, or 2.5%, to 10,681.06 for the period ended Nov. 14, owing to uncertainty and confusion surrounding the U.S. presidential election.However…
Franco-Nevada sets record
A quarter that saw Franco-Nevada Mining (FN-T) lose out on a merger bid with South African mining house Gold Fields (GOLD-Q) still provided the gold producer with record earnings and revenue. Franco-N…
Dow awaits election results
Denver — The Dow Jones industrial average paused for the U.S. election, falling a mere 18.96 points, or 0.2%, to close at 10,952.18 for the week ended Nov. 7, while mining issues continued their desc…
Grade problems hamper Harmony’s performance
During a period when South Africa’s mining industry consolidated to a handful of companies from 37 producers, Harmony Gold Mining (HGMCY-Q) grew into a multi-million-ounce producer by expanding beyond…
Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Gold Fields inks JV deal Down Under
South African producer Gold Fields (GOLD-Q) has formed a joint venture with Tanami Gold to explore the Solitaire project in Australia’s Northern Territory.Gold Fields can earn an initial 25% interest …