Freeport to sell Tenke stake for US$2.7B
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been working to reduce its sky-high debt loads, and on May 9 it made the deepest cut to date. The company has agreed to sell…
Freeport-McMoRan Inc
US stocks soar, Feb. 15-19
The S&P 500 Index and the Dow Jones Industrial Average posted their best performances since November. The S&P 500 rose 2.8% to 1,917.78, and the Dow advanced 2.6% to 16,391.99. The Nasdaq climbed 3.8% to 4,504.43, in its largest weekly…
Wall Street stocks down sharply, Jan. 4-8
The opening week of 2016 marked the worst first week in history for Wall Street stocks, as oil prices fell to their lowest level in more than a decade and concerns about slowing growth in China spooked global markets. Manufacturing data in…
Major miners fuel a rising demand for streaming deals
VANCOUVER — As traditional forms of equity and debt finance become harder to obtain for mining companies, there’s been a rise in stream agreements, which offer miners access to cash for a percent of future by-product metal…
Editorial: ‘Tis the season for dividend cuts
As we all know, mining is a cyclical business, and by all appearances we are into the stage of the commodities cycle where many of the biggest, highest-quality major mining companies, especially base metal miners, are trimming and even…
TSX Venture drops 2.5%, Dec. 4-10
The S&P/TSX Venture Composite Index fell 2.5%, or 12.85 points, to close at 504.28 points, weakened by collapsing oil prices and a sinking loonie.
Rio Tinto joins Reservoir at Timok complex in Serbia
For any junior to entice a major to earn into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and at a dismal time in the markets, is striking. Reservoir Minerals (TSXV: RMC;…
US stocks drop, Nov. 6-12
Lower prices for gold, copper and oil (benchmark Brent crude dipped below US$45 per barrel for the first time since August), weighed on U.S. resource equities, while better labour market data pointed to the economy’s improving…
Reservoir Minerals teams up with Rio Tinto
For a junior company to entice a major to earn-into an exploration project is impressive. To repeat that success with a different major on a separate set of concessions, and, at a dismal time in commodity markets, is nothing short of amazing….
US stock indexes move higher, Oct. 23-29
The Dow Jones Industrial Average rose 1.5%, or 266.64 points, to close at 17,755.80, and the S&P 500 Index advanced 1.8%, or 36.90 points, to finish at 2,089.41. The Philadelphia Gold & Silver Index dropped 4.8% to 52.25.
Another wave of red across Freeport’s quarterly results
VANCOUVER — Heavily weighted in the copper and energy business, mining giant Freeport-McMoRan (NYSE: FCX) is enduring the worst of the commodity rout, with big losses announced in its third-quarter fiscal results.
US equities rise, Oct.19-22
U.S. stocks climbed on the back of strong housing figures for September; better-than-expected earnings from major companies like eBay, Microsoft and Amazon; and signs that the European Central Bank would consider more stimulus measures to boost…