Higher output propels Freeport
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
Higher production and sales resulted in a second-quarter profit for Freeport-McMoRan Copper & Gold (FCX-N).The company earned US$19 million (or 12 cents per share) during the 3-month period ended June…
The Dow Jones industrial average jumped 461.93 points, or 4.3%, during the report period ended Aug. 17 at 11,117.08, again climbing toward an all-time high.Aluminum took the spotlight as industry lead…
The Dow Jones industrial average slipped 22.16 points, or 0.2%, to finish the report period Aug. 4-11 at 10,655.15.Mining issues inched upward on improving commodity prices. Gold was up to US$258.70 p…
The Dow Jones industrial average sustained a minor loss for the report period ended July 27, falling 17.06 points, or 0.2%, to close at 10,979.06.Mining issues were mixed heading into quarterly earnin…
The Dow Jones Industrial average slumped 178.89 points for the report period ended July 20, closing at 10,996.13.Falling gold prices continued to pummel producers as copper markets mulled the signific…
The Dow Jones industrial average jumped 319.77 points, or 3%, during the holiday-shortened report period of June 30-July 6, closing just short of an all-time high at 11,135.12.Britain’s July 6 auction…
The Dow Jones industrial average climbed 126.64 points (1.2%) to reach 10,721.63 over the report period ended June 22. But the continued strength of the American economy did nothing to stop gold’s sli…
The Dow Jones industrial average slipped 170.65 points, or 1.6%, for the week ended June 15, to close at 10,594.99.Gold companies held steady while the metal briefly sunk below US$260 per oz. It finis…
James Moffett, the no-nonsense chairman of Freeport-McMoRan Copper & Gold (FCX-N), once predicted that if copper prices “went in the dumper,” his company’s Grasberg mine in Indonesia and BHP’s Escondi…
The Dow Jones industrial average gained 65.17 points to close at 10,596.26 for the report period ended June 1. Even though weakness in the gold and copper markets continued, some mining issues had a g…
The Dow Jones industrial average was off 189.2 points for the report period ended May 18, closing at 10,836.95 on renewed fears of inflation.Gold continued to slide further following an announcement b…
The Dow Jones industrial average climbed 140.04 points, or 1.3%, to 11,026.15 during the report period ended May 11.Heavy trading marked the week as the bottom fell out of the gold price after the Bri…
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