TSX Venture falls, Oct. 19-22
The S&P/TSX Venture Composite Index fell 1.6%, or 8.96 points, to close at 547.8 points, as gold prices dropped 1.8%, or US$21.4, before closing at US$1,166.1 per oz. gold, and US/CAD gained 1.7% to C$1.30.
Freeport-McMoRan Inc
US equities post marginal gains, Oct. 9-15
A slowing global economy pushed U.S. industrial production down 0.2% in September, following a 0.1% drop in August, while producer prices slid 0.5% last month, the largest drop since January, and retail sales rose just 0.1%. The…
US stock indexes fall, Sept. 14-18
The U.S. Federal Reserve’s decision to keep interest rates near zero heightened worries about how weak global economic growth would affect U.S. corporate earnings. Fed Chair Janet Yellen said the impact of the global economic slowdown on…
Glencore latest to slash near-term copper production
VANCOUVER — Copper producers have seen margins come under pressure, as spot prices for the red metal hover near six-year lows well below the US$3 per lb. level over the medium-term. London-based Glencore (LSE: GLEN) is the latest miner to…
US stocks swoon before recovering mid-week, Aug. 24-28
U.S. equities were in free-fall during the first two days of the week, as Chinese stock indexes plunged nearly 9% and 8%, respectively — among their worst performances since December 1996 — while the price of West Texas Intermediate…
Freeport-McMoRan on a broad cost-cutting spree
VANCOUVER — Freeport-McMoRan (NYSE: FCX) has been carrying out business-wide spending cuts that it calls an “aggressive response” to weak market conditions.
US markets edge higher, Aug. 10-14
A mixture of indicators puzzled investors in U.S. equities, as positive economic data suggested the Federal Reserve would raise interest rates in September, while China’s devaluation seemed to lessen the odds that the U.S. central bank…
US markets slide, July 27-31
Expectations that the Fed would raise interest rates in September — along with economic turmoil in Asia and Europe — weighed on U.S. markets over the trading period.
Freeport cash backs Reservoir’s high-grade Cukaru Peki prospect
Reservoir Minerals (TSXV: RMC; US-OTC: RVRLF) has reported an 84-metre drill intercept grading 10.8% copper and 10.86 grams gold (17.3% copper equivalent), including 46 metres of 15.9% copper and 16.77 grams gold (25.9% copper equivalent),…
Kaizen to buy Pinaya in Peru
Kaizen Discovery
US markets move lower, June 22-26
U.S. stocks slumped as the Greek governmentmoved closer towards defaulting on debt payments to the International Monetary Fund. The Dow Jones Industrial Average fell 0.4% to 17,946.68, while the S&P 500 Index also dropped 0.4% to…
US stocks drop, Aug. 31-Sept. 4
U.S. equities tumbled on the back of lower precious and base metal prices and a mixed jobs report, which raised the question of whether the U.S. Federal Reserve would hike interest rates. The S&P 500 Index fell 1.9% to 1,947.76, while the…