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Precious Metals and Mining

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  • Commodities tomorrow: Oil mostly flat on day   Tuesday, 28 Apr 2015 | 3:54 PM ET
    Commodities tomorrow: Oil mostly flat on day

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was slightly higher on the day. Traders are looking to tomorrow's inventory report, particularly the production numbers.

  • TORONTO, April 28- Barrick Gold Corp shareholders have voted to reject the gold miner's controversial executive compensation plan, Barrick Executive Chairman John Thornton said on Tuesday. So I want you to know that we have heard you loud and clear, "Thornton said at Barrick's annual meeting in Toronto. Although so-called say-on-pay votes are not mandatory in...

  • April 27- Barrick Gold Corp said on Monday it has started the process to sell a stake in its Zaldivar copper mine in Chile as the world's biggest gold miner works to meet an ambitious debt reduction target of $3 billion by year end. Speculation has been rife for weeks that Barrick could sell all or some of the open-pit mine in northern Chile. Earlier Barrick said its...

  • April 27- Barrick Gold Corp reported weaker-than-expected first-quarter earnings on Monday on the back of a lower gold price and sales and announced that it has started a process to sell a stake in its Zaldivar copper mine in Chile. The Toronto- based producer also announced what it said was a "significant" new gold discovery, known as Alturas, in Chile.

  • April 27- Barrick Gold Corp reported lower first-quarter earnings on Monday on the back of lower gold prices and sales and announced that it has started a process to sell a stake in the Zaldivar copper mine in Chile.

  • Commodities tomorrow: Gas likely to go higher   Monday, 27 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Gas likely to go higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude ended the day down a bit, but the losses weren't as big as traders expected.

  • VANCOUVER, April 27- Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list. The more leveraged to silver the better... but you have to be able to tolerate the risk, "said David Morgan, founder of the Silver-Investor.com website. According to BMO Capital Markets, large primary silver miners have increased...

  • NEW YORK/ LONDON, April 24- Gold hit its lowest level in more than a month on Friday, falling for the third straight week as strength in global equities diverted interest from the precious metal, although uncertainty over the timing of a U.S. rate rise kept prices in a tight range. Spot gold was down 1.4 percent at $1,177.03 an ounce at 2:34 p.m. EDT, while U.S. gold...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • Commodities tomorrow: Crude highest since December   Thursday, 23 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude highest since December

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Yemen helps push crude higher, and production in the US declined slightly.

  • TORONTO, April 23- Freeport-McMoRan Inc is mulling a public offering of its oil and gas business to help kick-start production growth for its energy business, along with joint ventures or asset sales, the diversified miner said on Thursday. Weighted by a $20.3 billion debt load, Freeport has been studying several options to secure capital but found joint...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • TORONTO, April 23- Freeport-McMoRan Inc posted a first-quarter loss on Thursday, stung by big writedowns for its oil and gas properties and sinking prices for its oil output and the metals it mines and sells. The Phoenix- based company's debt increased during the quarter to $20.3 billion from $19 billion on Dec. 31. Freeport reported posted a net loss of $2.5...

  • BISHKEK, April 23- Kyrgyzstan's Prime Minister Joomart Otorbayev resigned on Thursday after failing to clinch a deal with Canada's Centerra Gold on the future of the country's biggest gold mine. Centerra, which operates the Kumtor mine, has been in talks with Kyrgyzstan for more than a year on a deal that would involve the former Soviet republic swapping its...

  • Commodities tomorrow: Oil at its sweet spot?   Wednesday, 22 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Oil at its sweet spot?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. WTI down after a larger-than-expected build. Traders think oil prices are in their sweet spot, she says.

  • Commodities tomorrow: Crude pulls back   Tuesday, 21 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude pulls back

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down slightly on the day as traders expect a bigger build in inventories and Saudi Arabia kept its output high.

  • *India celebrates gold-buying festival of Akshaya Tritiya. LONDON, April 21- Gold steadied below $1,200 an ounce on Tuesday after its biggest one-day drop in a week, remaining under pressure as the dollar rose and a rally in global equities diverted interest from the precious metal. "Gold was being weighed down yesterday by the firmer dollar and the rising equity...

  • Russia's Alrosa says Q1 output up 6 pct year-on-year Tuesday, 21 Apr 2015 | 2:09 AM ET

    MOSCOW, April 21- Russian diamond mining company Alrosa said on Tuesday its first-quarter output rose 6 percent year-on-year to 8.4 million carats and revenue from rough diamond sales was set to reach at least $1.1 billion. Alrosa, the world's top producer by output in carats, also reported that its first-quarter rough diamond prices fell by 3 percent.

  • Why Evolution Mining bought La Mancha's assets   Monday, 20 Apr 2015 | 6:33 PM ET
    Why Evolution Mining bought La Mancha's assets

    Jake Klein, executive chairman at Evolution Mining, says the acquisition of La Mancha's Australian gold assets was a "fair-value investment" that offered a "tremendous opportunity."

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...