Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
Homestake Mining Company
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Tenke Mining fires up second rig at Vicuna
Vancouver — Junior Tenke Mining (TNK-T) has added a second drill rig to its 23-hole program on the Vicuna gold project, in northwestern Argentina.The reverse-circulation work is testing five targets:…
Resource at Wallaby grows
Drilling beneath the Wallaby gold deposit at the Granny Smith mine in Western Australia has added 2.1 million oz., bringing the total resource of the deposit to 7.1 million contained ounces.Granny Smi…
Northern Miner Indices (March 12, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Gold reverses recent gains
Denver — The Dow Jones industrial average weakened slightly to 10,591.22, to finish the Feb. 28-March 6 report period down 45.66 points, or 0.4%, while gold gave up most of the previous week’s gains….
Northern Miner Indices (March 05, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Gold’s rise jolts miners to life
Denver — The Dow Jones industrial average fell 94 points, or 0.9%, for the report period ended Feb. 27 to close at 10,636.88, while the Nasdaq plunged 4.8% to 2,207.82, its lowest point in two years….
Northern Miner Indices (February 26, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Northern Miner Indices (February 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Homestake posts record gold output
Denver — With gold production up, Homestake Mining (HM-N) has reported its lowest cash costs in more than two decades.Fourth-quarter production hit a record 589,100 oz. gold, up 9% from the correspon…
Barrick takes US$1.1b hit against 2000 earnings
As expected, Barrick Gold (ABX-T) wrote-down the value of some of its assets by a total of US$1.1 billion to reflect the reality of lower gold prices in recent years and to prepare for the possibility…