1979 HOMESTAKE MINING COMPANY GOLD BULLION BAR (shown at right)Photos of old Homestake gold bars are scarce. This black & white is an original news press photo published December 4th, 1979.
And during the six depression years of international economic suffering, Homestake paid out $128 in cash dividends. In 1935 alone, the gold mining proxy paid a $56 cash dividend per share - which represented 70% of the 1929 Crash Price of the stock!
That truism was glaringly evident today in the reaction to news Homestake Mining ( HM) agreed to an $8.71 per share buyout offer from Barrick Gold ( ABX). At first glance, the deal was greeted as ...
In fact, all we have to go on is the following long-term chart of Homestake Mining (HM) from the excellent sharelynx.com web site. If we make the assumption that HM's performance was representative of the entire gold sector then this chart's message is that the gold sector trended upward in relentless fashion until 1939.
It turns out that investors think Homestake is paying too much for a promising South American mining operation. Homestake agreed to pay the U.S. equivalent of $5.14 a share for Argentina Gold ...
The Homestake Mine produced over 40 million ounces of gold over its 125-year operating history, and it has been reported that it was the richest, deepest, banded iron formation hosted deposit in the world, mining 152 million tonnes at a grade of 8.5 grams of gold per ton, with very consistent grades.
Homestake Mining Company is one of 92,125 beneficiaries of a 132-year-old federal mining law that gives away precious metals, minerals, and even the title to the land Broadwind Energy (NasdaqBWEN) Share price, News Analysis
The Homestake Mining Company was one of the largest gold mining businesses in the United States from the 19th century through the beginning of the 21st. It was merged into the Canadian-based Barrick Gold Corporation in 2002. Homestake's first and most famous operation was the Homestake Mine in Lead, South Dakota.
Location & Infrastructure. The Homestake Ridge Project covers over 7,500 ha and is located 32 km southeast of Stewart, BC, and 32 km north of the historic mining towns of Kitsault and Alice Arm.
Those matters not in the control of the management of Homestake Mining helped to provide a support for the price of the stock. At the same time, those actions taken by the management of Homestake ...
About Barrick Gold Corp Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa ...
The following chart of Homestake Mining details the company's price movement following the 1929 stock market peak. During the initial crash (Sept-Nov 1929) Homestake's price crashed too. Thereafter, Homestake's share price belied the downward spiral in the general stock market.
Latest Homestake Resource Share Price - Live HSR share price quotes, charts, profile, RNS & company financials for CVE:HSR. Focus on All Regions. Focus on Developed Asia. Focus on Australasia. ... Metals & Mining / Homestake Resource; Unlock this StockReport nowClick to Unlock.
Jun 25, 2001· Homestake is not expected to report a profit this year. Before non-recurring items, the mining company reported in April first-quarter net income of $100,000, or zero per share…
This Facebook page is under new construction!! It is meant for past and present employees, vendors, visitors, or fans to reconnect, share stories, pictures, or memories of Homestake (Barrick) Mining Company's McLaughlin Mine... more to come...
The mining company made a profit of $61.4 million compared with $48.7 million in the year-earlier period. Revenue fell 18% to $245.6 million, while pretax profit fell 5% to $92 million, Randgold said.
Authentic early Homestake Gold Mining Company stock certificates for the collector and Old West history buff. These attractive documents make unique gifts, and always look nice framed in the home or office. ... 95 Hundredths of a share - Stock # 221 - SOLD.
Homestake Mining Company is the parent holding company of Homestake Mining Company of California (Homestake California). Homestake is one of the largest North American-based gold mining companies, with current annual production of approximately 2.2 million ounces of gold and with reserves of approximately 20.8 million ounces of gold at December 31, 2000.
In 1991, Homestake Mining recorded its first full-year loss in nearly 50 years, losing $262 million largely because of mining property write-downs, operational problems, and low gold prices. The following year, however, the company made the largest acquisition in its history when it …
Auryn Resources is a technically driven, capital efficient exploration company focused on delivering shareholder value through accretive project acquisition and discovery. The Company's management team is highly experienced with a record of success in the discovery, advancement and monetization of exploration assets.
Homestake shareholders strongly approved the merger during a special meeting held earlier today. Under the terms of the merger agreement, each share of Homestake common stock was converted into 0.53 Barrick common shares. The combined Company …
The stock price of this gold mining company soared relentlessly upward during the entire bear market. Homestake Mining stock rose continuously from $80 in October 1929 to $495 per share in December 1935 - which represents a total return of 519% (excluding cash …
Homestake Mining Company (HSM) Overview. Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. Toggle navigation Menu
The Homestake Mine was a deep underground gold mine located in Lead, South Dakota. Until it closed in 2002 it was the largest and deepest gold mine in North America . The mine produced more than forty million troy ounces (43,900,000 oz ; 1,240,000 kg ) of gold during its lifetime. 
One year before Homestake mine established its net income benchmark, the price of gold, set by the U.S. Treasury Department at a fixed amount per ounce, was raised from $20.67 an ounce to $35 an ounce, welcome news for gold producers like Homestake Mining.
Dec 22, 2018· Homestake Mining Company operates as a holding company and through its subsidiaries, engages in exploration, extraction, and processing of gold and other precious metals.
Homestake has maintained a major role in the gold mining industry for over 120 years. Since 1990, the Company has produced 17 million gold and equivalent ounces. At the end of 1999, Homestake's share of proven and probable reserves amounted to 18.8 million ounces of gold and 110 million ounces of silver.
Homestake Mining and Dome Mines were two gold producers that made their shareholders wealthy during the Great Depression. Before Barrick Gold acquired it, your editor received daily price data from Homestake Mining dating back to 1888.
Homestake Mining Company Silver Bullion Bar - Ingot… Homestake Mining Company Silver Bullion Bar - Ingot poured in 1977 - Old style This One Factor Alone Could Send Silver Soaring - Gold Bullion Price Today .. Trading suggestions for Stock, Commodity and Derivatives on market hours.
Canadian gold miner Barrick Gold Corp. agreed to buy rival Homestake Mining Co. for about $2.2 billion in stock Monday to gain mines in Australia and the Americas where it can shave costs. Barrick would pay 0.53 share for each Homestake share.
Homestake Mining Company (HSM) Dividends. Read detailed company information including dividend distribution, dividend amount and payment history.
And get this: both companies paid healthy and rising dividends as the depression wore on; Homestake's dividend went from $7 to $15 per share, and Dome's from $1 to $1.80. Yes, volatility was high in the gold stocks throughout the depression, with occasional wild price swings, but after the 1929 crash most of the volatility was to the upside.