US markets post slight gain, July 6-10
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold jumped US$24.20 per oz., or…
Freeport McMoRan
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is…
Hochschild Mining withdraws dividend
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN)…
Freeport ramps up security after attack kills employee near Grasberg mine
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company’s administrative offices in Kuala…
Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
Barrick beats forecasts, hikes dividend
Barrick Gold (TSX: ABX; NYSE: GOLD) posted a better-than-expected quarterly profit and rewarded investors with a 40% dividend increase, thanks to strong gold prices. The world’s second-largest gold producer reported…
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….
Bell Copper chases payoff from Perseverance
Tim Marsh likes to say that it took 150 drill holes to hit the high-grade core of the massive Oyu Tolgoi copper-gold porphyry deposit that made the Mongolian discovery economic….
Malmyzh sale brings EMX Royalty US$65M windfall
Seven years ago, EMX Royalty (TSXV: EMX; NYSE-AM: EMX) identified privately held IG Copper and its Malmyzh copper-gold porphyry project in Russia as a strategic investment opportunity, and poured US$13…
Cordoba Minerals invests in Bell Copper’s Kabba project
Cordoba Minerals (TSXV: CDB; US-OTC: CDBMF) plans to earn an 80% interest in Bell Copper’s (TSXV: BCU) Kabba porphyry copper project in northwestern Arizona by investing $200,000 via a private…
Top 10 US-based mining companies
The Northern Miner presents its top-10 list of the largest U.S.-headquartered mining companies. 1. SOUTHERN COPPER Market cap: US$35 billion Southern Copper (NYSE: SCCO), an 88%-owned subsidiary of the conglomerate…
Dow Jones down, S&P 500 up, July 9-13
Rising discord between the U.S. and its major trading partners Canada, Europe and China put pressure on some stocks, while the rising U.S. dollar put pressure on gold. The Dow…