Iron ore outlooks turn gloomy
VANCOUVER — Goldman Sachs has cut its iron ore price forecasts and downgraded its Rio Tinto (RIO-N, RIO-L) recommendation from “neutral” to “sell.” The reason? More than 90% of the company’s 2012 earnings…
Vale S.A.
Colossus nears the finish line at Serra Pelada
If Nicholas Campbell and Chris Lerch of Canaccord Genuity are right, shares of Colossus Minerals (CSI-T, COLUF-O) could reach $7.75 apiece within the next twelve months—a big jump from where they currently trade at $2.98 per share.
Silver Wheaton on the hunt following record year
VANCOUVER — A strong fourth quarter capped off another banner year for Vancouver-based streaming outfit Silver Wheaton (SLW-T, SLW-N). On March 21 the company reported record production and financial results during 2012, and…
U.S. Markets, March 11 – 15
The Dow Jones Industrial Average ended a 10-day winning streak, but eked out a 0.81% gain to close at 14,514.11, while the S&P 500 Index climbed 0.61% to finish at 1,560.70. Data showing growth in U.S. manufacturing and retail sales was…
Metals Commentary: CRU sees better year ahead for iron ore
Phil Newman, CEO of metals consultants CRU Strategies in London, kicked off the “Commodities and market outlook” technical session that launched the Prospectors & Developers Association of Canada convention with a relatively…
El Teniente’s tailings offer dividends for Amerigo
Over the last 40 years, Klaus Zeitler has financed, built and managed base metal and gold mines in Europe, Africa, North and South America and the Pacific.
Lake Shore Gold sells Mexican assets to Revolution
Lake Shore Gold (LSG-T, LSG-X) is selling all of its Mexican properties to Revolution Resources (RV-T) so that it can keep its management team and finances focused on its Canadian assets.
Canada buys back a little Sudbury
The upstart precious metals-streaming business has clearly reached the big leagues, with a blockbuster cash deal being forged between Vale (VALE-N) and Silver Wheaton (SLW-T, SLW-N).
Editorial: Canada buys back a little Sudbury
In the same issue we chronicle the earliest days of Franco-Nevada, the first significant precious metals royalty firm in Canada, we also cover a news item that shows that the precious metals-streaming business has also reached the big leagues…
The tipping point for iron ore
Spot iron ore prices in September 2012 touched a three-year low of US$87 per tonne before rallying to US$120 per tonne in the closing months of the year. The question is where will prices move from here?
Vale takes hefty write-downs
Vale (VALE-N) is taking a US$2.85 billion write-down on its Onça Puma nickel mine in the northern Brazilian state of Para after troubles with two furnaces earlier this year led to the halting of its ferronickel…
Vale gives $125K to Laurentian University
Vale (VALE-N) is donating $125,000 to Laurentian University’s Centre for Research in Occupational Safety and Health (CROSH) in Sudbury, Ont. — home to Vale’s powerhouse nickel assets.