Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
Freeport McMoRan
Barrick beats forecasts, hikes dividend
Barrick Gold (TSX: ABX; NYSE: GOLD) posted a better-than-expected quarterly profit and rewarded investors with a 40% dividend increase, thanks to strong gold prices. The world’s second-largest gold producer reported…
US stocks mixed, Jan. 20-24: Barrick, Fortuna, Coeur, Freeport-McMoRan
The Dow Jones Industrial Average rose 1.22% to 28,989.73 and the S&P 500 Index fell 1.03% to 3,295.47. Spot gold climbed US$14.90 per oz. to finish at US$1,571.60 per ounce….
Bell Copper chases payoff from Perseverance
Tim Marsh likes to say that it took 150 drill holes to hit the high-grade core of the massive Oyu Tolgoi copper-gold porphyry deposit that made the Mongolian discovery economic….
Malmyzh sale brings EMX Royalty US$65M windfall
Seven years ago, EMX Royalty (TSXV: EMX; NYSE-AM: EMX) identified privately held IG Copper and its Malmyzh copper-gold porphyry project in Russia as a strategic investment opportunity, and poured US$13…
Cordoba Minerals invests in Bell Copper’s Kabba project
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) plans to earn an 80% interest in Bell Copper’s (TSXV: BCU) Kabba porphyry copper project in northwestern Arizona by investing $200,000 via a private…
Top 10 US-based mining companies
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies. 1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate…
Dow Jones down, S&P 500 up, July 9-13
Rising discord between the U.S. and its major trading partners Canada, Europe and China put pressure on some stocks, while the rising U.S. dollar put pressure on gold. The Dow…
US markets down, June 25-29
Gold fell 1.3% to close at US$1,252.4, as threats of a trade war with China continue to loom over the United States. The Philadelphia Gold and Silver Index slipped 0.5%…
Altius spins out copper play Aethon Minerals
Newly formed copper explorer Aethon Minerals (TSXV: AET) is adding to its already large Chilean land package with an option agreement to acquire full interest in the Llanos de Llahuin…
Nevsun rejects $1.5B Euro Sun, Lundin Mining proposal
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) is rejecting an unsolicited proposal by Euro Sun Mining (TSX: ESM) and Lundin Mining (TSX: LUN) that it says lacks adequate value and has…
Nevsun completes prefeasibility at Timok
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) has a busy year ahead. In early April, the mid-tier base metals company released a prefeasibility study for the Cukaru Peki Upper Zone, part…