Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, May 13 2014 Precious MetalsPrice…
News
Fortune to buy Revenue mine in Colorado
Fortune Minerals (TSX: FT; US-OTC: FTMDF) is buying 100% of the Revenue polymetallic mine in southwestern Colorado in a staged transaction, putting it a step closer to becoming a junior producer.
Midway Gold pushing Pan towards production in Nevada
Midway Gold (TSX: MDW; NYSE-MKT: MDW) has a lot on its plate — it’s almost a wonder it finds the time to release its first-quarter financials.
Meadowbank improvements lift Agnico’s profits
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) wrapped up a strong first quarter, with profits of US$109 million, ahead of the US$24 million earned in the same period last year.
Goro suspension pushes rising nickel price to two-year high
VANCOUVER — With nickel prices up almost 40% so far in 2014, a suspension at Vale’s (NYSE: VALE) Goro nickel–laterite mine in New Caledonia has pushed the price to a two-year high.
Low costs at Tenke Fungurume bolster Lundin
Lundin Mining (TSX: LUN; US-OTC: LUNMF) continues to be a market darling, largely because of its position in the world-class Tenke Fungurume copper mine in the Democratic Republic of the Congo.
Mongolian gov’t looks to end dispute with miners
VANCOUVER — Reports have surfaced that discussions within the Mongolian parliament may end a stalemate between the central government and international mining companies active in the country.
Klondex outlines low capex mine at Fire Creek
VANCOUVER — For a capital investment of US$50 million, Klondex Mines (TSX: KDX) could turn its Fire Creek project into an underground mine churning out 56,000 oz. gold annually at an all-in cost of US$636 per oz., according to…
Metals Commentary: Indonesia export ban crimps China’s bauxite supply: Wood Mackenzie
The following is an edited commentary by U.K.-based metals and energy analysts Wood Mackenzie.
A mixed bag for U.S. equities, May 5-9
The Dow Jones Industrial Average ended the week 0.43% higher at 16,583.34, on the back of remarks by U.S. Federal Reserve Chair Janet Yellen that the U.S. economy needs support, and that the central bank would keep monetary policy…
Angkor Gold presses ahead in Cambodia
A prospect Angkor Gold (TSXV: ANK; US-OTC: ANKOF) picked up in northeastern Cambodia in 2012 may soon become the country’s first modern, commercial gold mine, president and CEO Mike Weeks says.
Nevsun’s coffers swell as it shifts Bisha to copper
VANCOUVER — In its first full quarter operating Bisha as a copper mine, owner Nevsun Resources (TSX: NSU; NYSE-MKT: NSU) encountered some commissioning challenges, like higher-than-expected grades and a trucking bottleneck that filled the…