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 …
Freeport-McMoRan Inc
Freeport issues Q2 warning
Heavy rainfall at its Grasberg mine in Irian Jaya, Indonesia, combined with delays in reaching higher-grade ore, has forced Freeport McMoRan Copper & Gold (FCX-N) to lower its forecast production and …
Golds retrench
With bullion prices finding new support at around US$318 per oz., the U.S.-listed gold companies spent the report period June 12-18 consolidating at levels about 5% lower than the 52-week highs attain…
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…
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…
Golds power US market
With gold prices firming up well above the US$300-per-oz. mark, investors in U.S.-traded gold stocks enjoyed another week of strong gains.Gold Fields shot up $1.70 to US$13.80 on heavy volume as the S…
Golds up in U.S.
With gold trading once again above US$300 per oz., the U.S.-listed majors turned in a strong performance over the report period ended April 23.Newmont Mining advanced 99 to US$29.24; AngloGold rose $…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…
Mixed results from metals producers
U.S. markets enjoyed a small boost over the March 13-19 report period, with the Dow Jones Industrial Average rising 2.9 points to finish at just over 10,635 and the Standard & Poor’s 500 adding 4.7 po…
Anglo boosts Amplats stake
The biggest news during the report period was Anglo American’s revelation that it had spent US$701 million last year increasing its stake in Anglo American Platinum to 59.6% from 50.1%. The strategic …