Newmont ups ante as AngloGold stands pat
Determined to win a bidding war with AngloGold (AU-N), Newmont Mining (NEM-N) has raised its offer for Normandy Mining (NDY-T) as an insurance measure.In mid-November, Newmont triggered the…
Normandy Mining Limited
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Merger mania grips mining industry in 2001
Against a rather grim backdrop that included an American economy slipping into recession, worldwide commodity deflation and a new war on terrorism, the big story in 2001 for the North American mining …
US markets up over the holidays
Markets in the U.S. enjoyed a modest boost over the Dec. 21-Jan. 1 report period, with the Dow Jones Industrial Average rising 36.32 points to surpass the 10,000-mark and the Standard and Poor’s 500 a…
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…
TSE enters new year with a bang
Having lost 14% of its value last year, the Toronto Stock Exchange 300 index began the slow road to recovery with a gain of 163.11 points, or 2.2%, over the Dec. 21-Jan. 1 report period. The benchmark…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
Exploration companies tightened belts in 2001
With prices for base and precious metals sagging, funding for exploration has become scarce, a fact borne out by Halifax-based Metals Economic Group’s latest study of exploration budgets for 679 compa…
Homestake shareholders OK Barrick merger
In mid-December, shareholders of Homestake Mining (HM-N) gathered in Walnut Creek, Calif., for the final meeting in the company’s 124-year history and overwhelmingly approved merging with Barrick Gold…
Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
Gold explorers jump back to life
Buyers managed to overtake sellers over the Dec. 12-18 report period to push the Toronto Stock Exchange 300 index up 54.84 points to 7,586.47.Gold surged ahead $5.65 in London markets to land at a mor…
Normandy takeover heats up
The quest for Australian gold producer Normandy Mining turned a corner over the Dec. 5-11 report period as Newmont Mining increased its cash component to twice that offered by rival suitor AngloGold…