Copper stocks Articles

2016 the year of the stream - gold, silver and copper

Jan. 6, 2016, 12:37 AM / Palisade Capital Corp

The streaming deal has been a lifeline for many mining companies. In fact, 2015 showcased a record number of streaming deals for gold, silver, and copper. The number of transactions doubled from 11 to 27 year-over-year, with the dollar values associated tripling from $1.1 billion to over $4.0 billion!What was once considered a new and innovative way of raising money - the streaming deal has taken...Read More

2016 - The Year of the Stream - Gold, Silver, and Copper

January 6, 2016 / Cejay Kim

Cejay KimJanuary 6, 2016 Category: ResearchThe streaming deal has been a lifeline for many mining companies. In fact, 2015 showcased a record number of streaming deals for gold, silver, and copper. The number of transactions doubled from 11 to 27 year-over-year, with the dollar values associated tripling from $1.1 billion to over $4.0 billion!What was once considered a new and innovative way of r...Read More

Miners, commodities traders brace for La Nia

Jan. 5, 2016, 5:50 AM / Cecilia Jamasmie

Unusual and massive storms flooded Chile's Atacama Desert, heart of the country's copper industry, in March last year. (Image: Screenshot via YouTube)The El Nio weather event, considered one of the strongest in almost two decades due to droughts caused in Asia and South America, as well as flooding and cyclones in Australia last year, has already peaked and it is likely to be followed by the oppos...Read More

BC mining in 2016:New mines on track despite dire outlook

Jan. 5, 2016, 3:35 AM / Business In Vancouver - Nelson Bennett

Mining companies like Teck Resources (TSX:TCK.B) and Thompson Creek Metals (TSX:TCM) may need to make some hard decisions in 2016 if they are to avoid solvency problems in 2017, warns the Bank of Merrill Lynch.In a recent outlook, Merrill Lynch singled out these two B.C. miners for solvency issues in 2017, and flagged First Quantum Minerals Ltd. (TSX:FQM) for solvency problems in 2018, based on co...Read More

Vancouver's Oracle Mining in receivership

Jan. 5, 2016, 12:33 AM / Business In Vancouver - Nelson Bennett

Oracle Mining Corp. (TSX-V:OMN), a Vancouver-headquartered junior mining company focused on a single copper project in Arizona, has gone into receivership, is now halted from trading and its directors and chief executive officers have resigned en masse.Oracle, which has been focused on reviving an idled copper-silver mine-the Oracle Ridge mine near Tucson-has had financial problems since 2014.The...Read More

China rings in 2016 with a stock market crash

Jan. 4, 2016, 7:50 AM / Cecilia Jamasmie

Image from archives.Global stock markets fell Monday as worries over China's economy and instability in the Middle East combined to scare investors.Chinese bourses tumbled 6.9% in their opening session of 2016, its biggest decline on record for the first trading day of the year, forcing exchanges to halt trade for the first time.This so called "circuit breaker" mechanism, which halts trade for 15...Read More

Veteran investor Rick Rule reveals a unique arbitrage opportunity

Jan. 4, 2016, 3:21 AM / The Gold Report

One of the hardest things for a mining executive to do may be nothing. But in a market that is not rewarding companies for pulling resources out of the ground, Sprott US Holdings Inc. CEO Rick Rule would prefer to see what he calls "optionality" rather than dilution from companies looking to justify salaries. In this interview with The Gold Report, he praises innovative precious metals streams on...Read More

B.C. mulls rescue as miners struggle

Jan. 4, 2016, 2:00 AM / Vancouver Sun

Bill Bennett.Energy and Mines Minister Bill Bennett rang in 2016 with thoughts of a potential rescue package for B.C.'s beleaguered mining industry on his mind to ward off potential mine shutdowns.Options for assistance to mining companies struggling with low commodity prices could include deferrals on payment of power bills and delayed payments on mineral taxes, Bennett said in an interview. Ther...Read More

Happy New Year from The Mercenary Geologist

Jan. 4, 2016, 1:50 AM / Mickey Fulp - Mercenary Geologist

Despite the ongoing and deepening bear market for commodities and the junior resource sector, continues to produce valuable analysis and research on commodities and equities. Our commitment to supply and demand fundamentals and contrarianism allows us to prosper in both good and bad markets.In 2015, the TSX Venture Index made its high of 707 on the year's first trading day,...Read More

BC mining companies may get help paying for electricity

Dec. 31, 2015, 10:08 AM / Editor

Mining companies in British Columbia may be able to defer paying their electricity bills, the Mines Minister Bill Bennett tells NEWS 1130.Given low commodity prices and the general struggles of the resource industry, Bennett said mining companies could escape expected Hydro bill rate hikes in 2016 if all "the pieces can be put together.""There might be a deferral opportunity for power costs for th...Read More

Osisko increases ownership of Falco Resources

Dec. 31, 2015, 9:51 AM / Editor

Osisko Resources owns 16.2% of the Quebec gold junior Falco Resources (TSX-V:FPC) after purchasing 5.9 million shares for $1.88 million.Falco Resources' Horne Project area in Rouyn-Noranda encompasses the former producing Horne and Quemont mines, according to information on the company's website. The Horne mine, discovered by EH Horne in 1920 and operated by Noranda from 1926 to 1976, was one of t...Read More

Chile's copper miners still making money despite price collapse

Dec. 29, 2015, 10:00 AM / Cecilia Jamasmie

Chuquicamata, the world's largest open pit copper mine. (Courtesy of Codelco via Flickr)Chile, the world's top copper producing country, surprised investors by publishing for the first time ever detailed data related to costs for nearly its entire mining industry.According to the recently launched "Costs Observatory," the average cash cost per pound of copper produced in the country during the sec...Read More

The world's 10 driest mines

Dec. 28, 2015, 9:57 AM / IntelligenceMine

Last week we showed you where the wettest mines in the world are located. Topping that list is the Ok Tedi mine in Papua New Guinea where an average of 6,636 millimetres of rain falls each year. This week we're looking at the driest mines in some of the most arid regions of the world. Nearly half the mines on this list get no precipitation at all.Visit IntelligenceMine and learn how you can run yo...Read More

Freeport-McMoRan chairman resigns, shares plummet

Dec. 28, 2015, 7:00 AM / Cecilia Jamasmie

Freeport-McMoRan's Tyrone mine in New Mexico.Shares in Freeport-McMoRan (NYSE:FCX) were trading more than 7.5% lower on Monday morning at about $7 after the company announced its co-founder James Moffett was stepping down as chairman and quitting the board.The move comes a few months after the world's largest publicly traded copper producer added two new directors under pressure from billionaire i...Read More

Mining projects worth $56 billion to come on stream in Peru beginning 2016

Dec. 28, 2015, 4:18 AM / Cecilia Jamasmie

MMG's gigantic Las Bambas mine is the largest China-backed mining projects scheduled to come on stream in Peru next year.Mining projects worth more than $56 billion are expected to come on stream in Peru beginning next year, led mostly by Chinese, American and Canadian companies.According to the official Andina news agency (in Spanish), there are 47 ventures in the last stages of development in th...Read More

Commodity price slump undercuts mining sector

Dec. 28, 2015, 1:00 AM / CBC News

The bottom has fallen out of the commodities market and while Canadian mining firms look set to ride it out, there could be a hit to Canada's economy because of low metals and minerals prices.At the end of December:coal is down 32 per cent from its price at the end of last year;iron ore, -24 per cent;palladium, -30 per cent;copper, -25 per cent;zinc, -30 per cent;aluminum, -19 per cent.They're all...Read More

Grand prix racer McLaren has just the formula for a push into mining and energy

Dec. 27, 2015, 8:23 AM / Sydney Morning Herald

For one of the oldest and most successful teams in Formula One racing, the 2015 season was a big disappointment for McLaren.The team that made Ayrton Senna and Alain Prost into champions finished second-bottom in the 2015 constructor's championship and didn't get a driver on to the podium once in 19 races.But then again, McLaren has more to focus on these days than just the Formula One circus.The...Read More

Mining in 2016: Six reasons to be cheerful

Dec. 24, 2015, 10:58 AM / Frik Els

Discuss: "2016 is going to be a great year for mining" In our look back at 2015 we called it mining's annus horribilis.In stead of the hoped for rebound in metals and minerals prices, just about everything from copper to crude and coal to diamonds lost more ground. Those that were calling a bottom on the commodities market in 2015 where sorely disappointed and anyone making a bullish case were sho...Read More

Why CSR makes sense for communities, companies and investors

Dec. 23, 2015, 10:43 PM / The Gold Report

Mining companies and their shareholders have come to the realization that doing the right things in the communities where they operate is important for a lot of reasons, including the bottom line. Mining executives also tell The Gold Report that the most effective corporate social responsibility programs (CSR) are orchestrated cooperatively instead of applied prescriptively.In 2014 Endeavour Silve...Read More

Monster rally for mining stocks

Dec. 23, 2015, 1:08 PM / Frik Els

Investors returned to the metals and mining sector in a big way on Wednesday after good news from the world's two largest economies and metals consumers.Yesterday, Chinese leaders paved the way for a raft of measures to stimulate the country's slowing economy while growth figures in the US, although modest came in ahead of expectations.On the Comex market in New York copper for delivery in March c...Read More