Nevsun Resources and its heaps of cash
Last year marked the second year of production at Nevsun Resources (NSU-T, NSU-N) 60%-owned Bisha mine in Eritrea and already its balance sheet is the envy of many companies in the industry.
Copper
Despite loss, EMED CEO upbeat on Rio Tinto project
EMED Mining (EMD-T, EMED-L) posted a net loss in 2012 of 11.5 million Euros ($15.1 million), up from a loss of 9.7 million Euros in 2011. Of the loss last year, 6.8 million Euros were attributed to exploration and care and maintenance expenses…
Mercator takes US$120M writedown on El Creston
Mercator Minerals (ML-T) had a difficult year in 2012 but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8 million write-down on its El Creston molybdenum-copper project in Mexico.
Patricia Mohr talks copper
Last month Scotiabank’s Vice President of Economics and Commodity Market Specialist, Patricia Mohr, received the 2012 Metal Bulletin Apex awards for the top gold and overall precious metals price forecasts. Mohr received top honors for her…
A changing landscape for growing copper producers
VANCOUVER — With the US$5.1-billion hostile takeover of Toronto-based Inmet Mining (IMN-T) by large-cap peer First Quantum Minerals (FM-T, FQM-L) looking all but wrapped up, it seems an opportune time to take a look at the shifting…
Tintina grows Black Butte copper count
VANCOUVER – With an upgraded resource estimate for a second deposit at its Black Butte project in Montana now in hand, Tintina Resources (TAU-V) is ready to revamp the project’s recent economic assessment while it awaits permission to…
Copper Mountain contemplates secondary crusher
Despite several mill maintenance shutdowns last year and difficulties with variability in ore hardness and fragmentation entering the SAG mill from the operation’s different open-pit locations, Copper Mountain Mining (CUM-T) posted gross…
Capstone polishes off another reliable year
VANCOUVER — Vancouver-based copper producer Capstone Mining (CR-T) continues to be one of the strong stories in mid-tier base metal production. The company released its annual results on March 13, which underline a strong…
With no rival bids, First Quantum set to acquire Inmet
VANCOUVER – In the end, predictions of a bidding war for Inmet Mining (IMN-T) ended up being much ado about nothing. Instead, the lack of rival bids for a company with a massive, undeveloped copper project in Panama ended up an apt…
Long gold hits at Condor for Ecuador Gold and Copper
VANCOUVER — A 10,000-metre drill program at the Condor copper-gold project in southeast Ecuador is returning long, mineralized intercepts for Ecuador Gold and Copper (EGX-V).
Wall Street ends on a high note
U.S. stocks ended in positive territory during the March 4–8 trading week, helped by strong jobs data.
First Quantum’s annual profit hit by lower copper prices
VANCOUVER — Despite a 16% year-on-year jump in copper production Vancouver-based First Quantum Minerals (FM-T, FQM-L) told a familiar story during an annual report on its 2012 fiscal year: falling average realized copper prices and rising…