Copper stocks Articles

Canadian miner sinks into the red on lower grades, recovery

14 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Vancouver-based company reported an adjusted December quarter loss of C$8.5 million or 4c, which came in short of analyst forecasts calling for earnings of 1c on revenues of $112.35 million.Read More

Key Support Levels for Gold Miners & Gold Juniors

Feb 14, 2019 / Jordan Roy-Byrne

Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving av...Read More

Miner fined US$488,000 for using wells in Chile without permission

14 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesLumina Copper Chile was fined 325 million pesos (US$488,000) for irregularities related to its Caserones mine.Read More

Strike action at El Roble

14 February 2019 / Staff reporter

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesAtico said it had been unable to reach a new two-year collective agreement at the copper-gold operation in Co...Read More

No Southern Copper tailings spill: regulator

14 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe body of a 64-year-old employee from Southern Copper's Toquepala operation, who was swept away by a mudslide on Friday, was found earlier today.In a translated statement, the company said searchers found his body 7km from where he had been working.Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe company expressed sincere...Read More

Capstone back in the black on lower sales

14 February 2019 / Staff Reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesTotal 2018 revenue was $415.9 million, 3% lower year-on-year compared against revenue of $420.4 million in 2017.The company said it met guidance with output of 155.2Mlb copper, despite the number being 5% lower year-on year, at 3% higher C1 cash costs of $1.83/lb of payable metal.Alderan unlocking Frisco potentialSPONSOREDalderan resource...Read More

First ore processed at Cobre Panama

14 February 2019 / Staff Reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-headquartered company said Wednesday the ore passed through the primary crushing circuit last week at initial feed rates of 4,000-5,000t/h, before being placed into the first completed milling circuit.In the coming weeks the focus will remain on hot commissioning to move the ore throughout the plant until the first copper conc...Read More

Costs prohibit Africa developments

14 February 2019 / Staff reporter

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesWell I'm back in Old Blighty, and the name is apt - gosh it's grim.   Being of Irish heritage, I am not...Read More

Miners get a break

14 February 2019 / Staff reporter

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesThe Australian government finally succumbed in December 2017 to political nagging to call a royal commission...Read More

An original hard rock Valentine's Day story

14 February 2019 / Simon Jemison*

Lucara sells large diamonds for US$32.5mPrecious stones"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsOne had recently left Australia after making a name for himself in the Leonora goldfield of Western Australia. The oth...Read More

Dundee ups 2018 revenue, net earnings

Feb. 13, 2019, 3:05 PM / Canadian Mining Journal Staff

Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of gold produced was $659. (All monetary figures are U.S. dollars.)For the full year, metal production totaled 201,095 oz. of gold and 36.7 million lb. of copper. The s...Read More

First Cobalt extends mineralization at Iron Creek in Idaho

Feb. 13, 2019, 1:10 PM / Northern Miner Staff

First Cobalt (TXSV: FCC; US-OTC: FTSSF) has extended copper-cobalt mineralization along strike at both its Waite zone and No Name zone, part of its Iron Creek cobalt project in Idaho.The company is reporting four holes it drilled west of the project's current resource in 2018. The holes extend the Waite zone 120 metres west along strike and the No Name zone 60 metres west along strike. The company...Read More

Mitsubishi Materials cuts sales estimate for Indonesia copper smelter

Feb. 13, 2019, 12:08 PM / Reuters

* Japan's Mitsubishi Materials Corp cut its sales estimate of copper cathode at its Indonesia copper smelting unit, PT Smelting, by 32,000 tonnes from its November forecast to 237,000 tonnes for the year ending March 31, a spokesman said on Wednesday. Sales were 263,000 tonnes a year earlier.* The longer-than-expected maintenance late last year and slower ramp-up after the maintenance caused a red...Read More

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Feb. 13, 2019, 9:45 AM / Cecilia Jamasmie

Peru's environmental agency, El Organismo de Evaluacin y Fiscalizacin Ambiental, (OEFA) has ruled out that a "greenish solution" found in a river near Southern Copper Corp's Cuajone mine was the product of a tailings spill.In a statement late Tuesday, OEFA noted it was still supervising operations at the mine, which is located in an area hit by heavy rains over the past week.Southern Copper suspen...Read More

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

Feb. 13, 2019, 6:46 AM / Cecilia Jamasmie

Canada's Barrick Gold TSX:ABX)(NYSE:GOLD), which completed its $5.4 billion merger with Africa-focused Randgold Resources at the start of the year, reported Wednesday a loss for its fourth quarter, due partly to issues at two mines in South America.The world's top gold producer by volume, which keeps its books in U.S. dollars, lost $1.2 billion, or $1.02 per share, for the quarter ended Dec. 31 co...Read More

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Feb. 13, 2019, 5:08 AM / Cecilia Jamasmie

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, posted Wednesday quarterly profits below estimates, due mainly to weak prices for heavy crude and base metals.The Vancouver-based miner, the world's second-biggest exporter of steel-making coal, recorded negative pricing adjustments, charges related to a write-down in inventory and an operating loss at its Fort Hil...Read More

More protests against Ecuacorriente in Ecuador

13 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesShuar Arutam president Vicente Tsakim expressed concern about the forced eviction of community members from the project area and demanded the government take action.Read More

Buyer beware: See a miner trying to be a commodity speculator, run

13 February 2019 / Jayant Bhandari*

Lucara sells large diamonds for US$32.5mPrecious stones"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsThe buyers of mining products—smelters and other downstream consumers—similarly want to ensure that they f...Read More

Cost parity by 'early 2020s' will be electric vehicle tipping point

Feb. 12, 2019, 3:17 PM / Frik Els

A new report by McKinsey forecasts a rapid switch from gas guzzlers to electric vehicles on the world's roads will be boosted by the plummeting costs of owning a battery powered vehicle.The consulting firm's 2019 Global Energy Perspective report foresees a two-thirds drop in the cost of EV battery packs by 2030. The tipping point at which EVs will be cheaper to own than internal combustion engine-...Read More

Osisko cuts 9.15% Zn+Pb and 0.54% Cu at Key Anacon

Feb. 12, 2019, 2:54 PM / Canadian Mining Journal Staff

Osisko Metals of Montreal is pleased with the assays from six recent drill holes at the Titan zone on its wholly owned Key Anacon zinc-lead-copper project located 20 km south of the city of Bathurst.Hole KAT-18-11 intersected 10.0 metres of massive sulphides grading 6.69% zinc, 2.46% lead, 0.54% copper and 58.79 g/t silver within a wider zone of mineralization (38.0 metres grading 5.06% zinc, 1.68...Read More