Rally leaves golds behind
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
Southern Copper Corporation
Andean American hot on Santa Rosa
Cusco, Peru — With four months of commercial gold and silver production from the Open Pit zone under its belt, Andean American Mining (AAG-V) is gearing up to expand operations at its wholly owned Sa…
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Weaker U.S. stocks stumble
With markets weakening across the board, mining stocks were generally lower on U.S. exchanges. The Dow Jones Industrial Average fell 119.07 points, or 1.3% of value, over the five trading days from Ju…
Golds drop on profit-taking
After several weeks of spectacular gains driven by higher bullion prices, U.S.-listed gold stocks retrenched over the report period that ended June 4.Newmont Mining fell 41 to US$31.56, AngloGold dro…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Mining stocks survive broad market woes
The release of another cautious U.S. consumer report pushed the Standard & Poor’s 500 index down 8.93 points, or 0.8%, during the holiday-shortened May 22-28 report period. Likewise, the Down Jones In…
Golds up in weaker US market
Generally gloomy economic news and weakness in the “new-economy” stocks brought the U.S. stock markets down over the report period May 15-21. The broadly based Standard & Poor’s 500 index fell 17.4 po…
Newmont starts year with loss
Fresh from acquiring Franco Nevada Mining and Normandy Mining, Newmont Mining ended the May 9-14 period down $1.17 to US$28.05 as the world’s number-one gold producer posted a first-quarter net loss o…
Northern Miner Indices (May 20, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Northern Miner Indices (May 13, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Revenue, earnings down at SPCC
First-quarter earnings at Southern Peru Copper (PCU-N) were weaker on lower production and lower realized copper prices. For the quarter ended March 31, the company earned US$6.4 million on revenues o…