US markets fall, Aug. 31-Sept. 4
The Dow Jones Industrial Average fell 1.82% to 28,133.21 and the S&P 500 dropped 2.31% to 3,426.96 during the Aug. 31-Sept. 4 trading week. Spot…
Freeport-McMoRan Inc
Chile struggles to maintain copper production as coronavirus spreads
Workers at Chile’s giant copper mines are caught between the urge to protect themselves and pressure to keep the country’s economy moving. Since declaring a…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million…
Rio Tinto to start producing copper at Winu in 2023
Rio Tinto (NYSE: RIO; LSE: RIO) plans to ramp up development of its Winu copper-gold project in Western Australia, with first production expected in 2023….
BHP becomes world’s top copper producer
BHP Group (NYSE: BHP; LSE BHP) has become the world’s largest copper miner based on production, after Chile’s copper commission announced a slide in output…
Zijin Mining to acquire Continental Gold for $1.4B in cash
In the latest megadeal sweeping the gold sector, Zijin Mining Group is buying Continental Gold (TSX: CNL; US-OTC: CGOOF) for $1.4 billion in cash. The…
Top 10 US-based miners
The Northern Miner presents the top-10, U.S.-based mining companies by market capitalization. 1. Newmont Goldcorp Market cap: US$31.8 billion Newmont Goldcorp (NYSE: NEM) is a…
US markets rise, Jan. 21-25: Yamana, Iamgold and Freeport McMoRan
The gold price rose 1.66% to US$1,302.60. The Philadelphia Gold and Silver Index rose 4% to 71.17, and the Dow Jones Industrial Average rose 0.12%…
Raymond James adjusts forecasts as uranium outperforms zinc, copper in Q3
Analysts at Raymond James are lowering their forecasts for zinc and copper prices. For the fourth quarter, the analysts have changed their zinc price forecast…
TSX falls, Sept. 3-7
Canada’s benchmark index fell 1.06% to 16,090.27 during a shortened trading week. The S&P/TSX Global Mining Index fell 4.3% to 62.70 and the S&P/TSX Global…
Nevsun agrees to $1.86B Zijin takeover bid
Nevsun Resources (TSX: NSU; NYSE: NSU) has agreed to Zijin Mining’s (HGK: 2899) friendly take-over bid which values Nevsun at $6 per share or $1.86…
Panoro to drill new zone after expanding permit at Cotabambas
Now that Peru has approved Panoro Minerals’ (TSXV: PML; US-OTC: POROF) request for an expanded environmental impact assessment at its Cotabambas copper project in southern…