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….
Articles by Trish Saywell
TSX posts small rise, Jan. 20-24: Endeavour Mining, Yamana, Seabridge, SSR, Ero
The S&P/TSX Composite Index rose 0.04% to 17,565.30 during the trading week. The S&P/TSX Global Mining Index fell 0.92% to 81.52 and the S&P/TSX Global Base Metals Index lost 6.19%…
Uranium holding companies offer alternative to producers
The uranium spot price has hovered around US$25 ($32.86) per lb. over the better part of the last year and long-term pricing is at the US$32 per lb. level. The…
Barrick reaches ‘historic’ deal in Tanzania
Barrick Gold (TSX: ABX; NYSE: GOLD) and Tanzania have signed a deal that grants the African nation stakes in the three gold mines the company operates there, ending a long-running…
Report: Miners have long way to go on ESG
A study of environmental, social and governance (ESG) practice in the mining sector that examined the top-50 listed mining companies by market capitalization and the world’s 20 largest institutional investors…
Ex-Vale CEO charged with homicide for Brazil dam disaster
State prosecutors in Brazil have charged Vale’s (NYSE: VALE) former CEO, Fabio Schvartsman, with homicide after the catastrophic tailings dam disaster a year ago at the company’s Feijao iron ore…
Resolute sells Ravenswood to focus on Africa
Resolute Mining (LSE: RSG) is selling its Ravenswood gold mine in Queensland — its only Australian asset — to private equity firm EMR Capital Management for US$207 million in cash….
Trade tensions and ESG policies top issues for miners, survey says
Global law firm White & Case has released the results of its fourth annual survey on mining and metals, identifying trade and ESG issues as the industry’s top concerns for…
Gran Colombia Gold to spin off Marmato project
Gran Colombia Gold (TSX: GCM) expects to complete in February the spin-off of its Marmato project, located in Colombia’s department of Caldas, into a separately listed company, executive chairman Serafino…
Anglo American goes back to fertilizers with US$527M purchase of Sirius Minerals
Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park….
TMAC launches strategic review of Hope Bay
Production in the fourth quarter at TMAC Resources’ (TSX: TMR) Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review…
EV sales to hit 37 million by 2024, ARK says
New York-based ARK Investment Management forecasts sales of electric vehicles will reach 37 million units in 2024. ARK, which focuses on disruptive technologies, said EV sales in 2019 hit about…