HudBay Posts Q1 Loss
Lower copper and zinc prices sent HudBay Minerals’ (HBM-T, HBMFF-O) net earnings into negative territory in the first quarter of 2009, but lower operating costs helped cushion the fall.
News
Denison Expanding With Northern Continental Acquisition
Intermediate uranium producer Denison Mines (DML-T, DNN-X) is expanding its empire and acquiring Northern Continental Resources (NCR-V, NCLRF-O) for its 60% interest in the Russell Lake project, adjac…
Western Canadian Coal Won’t Halt Wolverine And Brule
Western Canadian Coal (WTN-T, WTN-L) has negotiated “sufficient” sales contracts and prices for the fiscal year ended on March 31, 2010, to allow it to continue mining high-quality metallurgical coal …
Eldorado Gold Q1 Production Falters
VANCOUVER–News of falling revenues, gold sales and production in the first quarter of 2009 barely dented Eldorado Gold’s (ELD-T, EGO-X) share price.
Agnico-Eagle Posts Record Q1 Production
Higher gold production and a US$38.6-million tax recovery sent Agnico-Eagle Mines’ (AEM-T, AEM-N) net income up 88% to US$54.3 million, or US35¢ per share, in the first quarter of 2009 — up from…
Kinbauri Spurns Orvana Offer
VANCOUVER–A battle for Kinbauri Gold’s (KNB-V, KINBF-O) primary asset, a 100% stake in the El Valle and Carles gold project in Spain, is brewing as gold miner Orvana Minerals (ORV-T, ORVMF-O) has ent…
Firstgold In Trouble In Nevada
After defaulting on two loans, Firstgold (FGD-T) has been forced to suspend crushing activity at its Relief Canyon heap-leach project, near Lovelock, Nev.
People (May 18, 2009)
Avanti Mining — Thomas Gunthardt appointed project manager for the Kitsault project.
Caterpillar Records Q1 Loss
Since late last year, Caterpillar (CAT-N) has laid off 10,000 of its full-time employees and eliminated 15,000 workers from its part-time payroll, bringing its redundancy costs in the first quarter to…
Moly Getting Back On Her Feet
One encouraging development during the 18th trading week of the year was the hint that the molybdenum market is recovering after the devastating demand collapse we witnessed late last year.
Mongolia Suspends Western Prospector’s Gurvanbulag Licence
Navigating the political minefield that is Mongolia often requires pulling out the heavy artillery.
LME Warehouse Levels (May 18, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 12, 2009 (change from May 5 in brackets):