US data drag prices lower
Despite fresh production cuts in zinc and copper (in byproduct form), base metals prices continued to trend lower during the report period Oct. 29-Nov. 2, dominated by poor economic data out of the U….
Golden Star Resources Ltd
Cambior, Golden Star shuffle properties
A deal with Golden Star Resources (GSC-T) will see Cambior (CBJ-T) take over 100% interests in the Omai gold mine in Guyana and the Gross Rosebel project in Suriname, while the smaller company concent…
Base metal consumption falls
The extent to which the world has changed since the events of Sept. 11 was made more clear when the base metals industry gathered for LME Week (Oct. 22-26), a major event in the metals calendar year. …
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 …
US markets continue to slide
Denver — The Dow Jones industrial average sank another 243.43 points, or 2.7%, to 8,659.64 during the report period ended Sept. 25 — its lowest level in four years. The Nasdaq settled at 1501.64.The…
Anaconda Nickel sees bigger loss (September 24, 2001)
Vancouver — Australian-based Anaconda Nickel continues to suffer financial woes, having posted a A$76-million loss for the second half of 2000.The loss is considerably greater than the A$6.7 million …
Golden Star granted licence
Denver — Ghana’s Ministry of Lands, Forests and Mines has granted a mining lease to Golden Star Resources (GSC-T) for the Prestea property.The Denver-based junior has the right to mine surface minera…
Golden Star, Barnex sign Prestea purchase deal
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in the acquisition of the Prestea mine in southwestern Ghana.The Denver-based company agreed to acquire former operator Barnato Explo…
Golden Star acquires Prestea concession
Denver-based Golden Star Resources (GSC-T) has reached an agreement with Ghana’s Prestea Gold Resources (PGR), a worker-owned company, to acquire its namesake concession.Control of the Prestea deposit…
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…
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…
Market rally gathers steam
Denver — The Dow Jones industrial average chugged ahead, gaining 444 points, or 4.2%, in the April 25-May 1 report period to close at 10,898.34, its highest point since mid-February.Most issues were …