Roskill: Chromium market growing, but producers face headwinds
The following outline by London-based Roskill Information Services examines diverging trends in the chromium market and how they may affect future supply, demand and prices.
News
Atacama Pacific Gold grows Cerro Maricunga
Over the last three years, Atacama Pacific Gold (TSXV: ATM; US-OTC: ACPGF) has advanced its Cerro Maricunga gold deposit in northern Chile from a grassroots discovery to one of the largest undeveloped oxide gold deposits in the world, with 3.5…
AuRico cuts costs as Young-Davidson takes the next step
VANCOUVER — As lower realized gold prices become the norm producers have received a clear message from markets: cut the fat and boost the margins. And AuRico Gold (TSX: AUQ; NYSE: AUQ) is aiming to move in that direction as it implements…
TSX Venture on the rise, Feb. 10-14
The S&P/TSX Venture Composite Index carried a wave of momentum to a full week’s worth of gains during the trading session, as it jumped 3.6%, or 34.25 points, en route to a 996.25-point close. Markets were buoyed by rising gold prices…
Barrick evolves into a ‘leaner, more agile’ operator
VANCOUVER — The past two years have served as a stark reminder of the cyclical nature of the mining business, and senior producer Barrick Gold (TSX: ABX; NYSE: ABX) spent much of 2013 transforming its business to better cope with the ups…
Cliffs puts the brakes on spending, swings to Q4 profit
On his second day on the job at Cliffs Natural Resources (NYSE: CLF) three months ago, newly appointed president and chief operating officer Gary Halverson shelved the company’s $3.3-billion plan to build a chromite mine in the Ring of…
Richmont expects $13.5M writedown at W Zone mine in Val-d’Or
Montreal-based Richmont Mines (TSX: RIC; NYSE-MKT: RIC) anticipates taking a $13.5-million impairment charge at its W Zone underground mine near Val-d’Or, Que., after recalculating the mine’s year-end 2013 reserves using a lower…
Gold reserves shrink as miners adjust to lower gold prices
VANCOUVER — Gold’s sliding price has forced mining majors to cancel new mines, shutter or sell high-cost operations, shelve expansion plans and dramatically write down asset valuations. Now gold’s price decline is cutting into…
Agnico up on strong production, despite huge writedown
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) kept its shares in the green after revealing strong operational results in the fourth quarter and full-year 2013, despite swallowing a huge impairment charge that weighed on earnings.
Virginia Mines funds Coulon exploration
Virginia Mines (TSX: VGQ; US-OTC: VGMNF) has sealed a deal with three institutional funds in Quebec that will help finance a $28-million accelerated exploration program on its Coulon project, a…
TSX posts strong numbers, Feb. 10-14
Upbeat trade numbers from China showing that import growth reached a six-month high in January helped ease worries about emerging markets and pushed up oil prices. Investors were also relieved when the U.S. Congress approved an increase in the…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, February 18 2014Precious MetalsPrice…