VANCOUVER — Heavily weighted in the copper and energy business, mining giant Freeport-McMoRan (NYSE: FCX) is enduring the worst of the commodity rout, with big losses announced in its third-quarter fiscal results.
The Toronto stock market ended higher as investors took in prime minister-designate Justin Trudeau’s majority win in the federal election. Canada’s new prime minister promises to invest heavily in infrastructure, among other areas,…
MAUN, BOTSWANA — When an all-star mining team with an ample exploration budget arrives in a supportive, mineral-rich jurisdiction, exciting transformations are bound to happen. Cupric Canyon Capital’s Khoemacau copper-silver…
Anxiety about global growth soured investor appetite for risk, with data showing Chinese factory activity shrank to a six-and-a-half-year low in September, while U.S. manufacturing growth in the same month stayed at a two-year low.
South Africa-based Lonmin (LSE: LMI), one of the world’s largest primary producers of platinum group metals (PGMs), has signed an option agreement to earn a 50% initial interest in Wallbridge Mining’s (TSX: WM) four Parkin…
Less than two months after a prefeasibility study showed that Rambler Metals & Mining (TSXV: RAB; LSE:RMM) could extend the life of its underground Ming copper-gold mine in Newfoundland’s Baie Verte region from six to 21 years, the…
VANCOUVER — Copper producers have seen margins come under pressure, as spot prices for the red metal hover near six-year lows well below the US$3 per lb. level over the medium-term. London-based Glencore (LSE: GLEN) is the latest miner to…
VANCOUVER — Capstone Mining (TSX: CS; US-OTC: CSFFF) is the latest copper producer to announce spending cutbacks and strategy shifts in light of weakening metal prices. It now plans to slash capital expenses at its operating mines in the…
VANCOUVER — It’s been a journey of discovery and growth for partners Consolidated Woodjam Copper (TSXV: WCC) and Gold Fields (NYSE: GFI) at their Woodjam copper-gold-molybdenum porphyry deposit, 45 km east of Williams Lake, B.C.,…
Glencore’s surprise decision to cut back its copper production coupled with stronger-than-expected Chinese copper import data have had a salutary effect on copper prices, which jumped 5% on Sept. 8 to record their biggest one-day…
VANCOUVER — Junior Minera Alamos (TSXV: MAI; US-OTC: VGMTF) is getting a second look from investors after a change in strategy at its wholly owned Los Verdes copper-molybdenum property, 200 km southeast of Hermosillo,…
El Morro, the large undeveloped gold-copper deposit in northern Chile, will become the focus of a joint venture (JV) between Goldcorp (TSX: G; NYSE: GG) and Teck Resources (TSX: TCK.B; NYSE: TCK), giving it a better chance of reaching its…
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