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  • TORONTO _ Yamana Gold Inc. on Thursday reported second-quarter net income of $34.8 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Yamana Gold shares have more than tripled since the beginning of the year.

  • *Net debt falls to $12.7 billion. BRUSSELS, July 29- ArcelorMittal, the world's largest producer of steel, said improving steel prices and increased volumes had boosted its results in the second quarter, sending its shares up some 5 percent to their highest in nearly a year. The group kept its outlook for global apparent steel consumption, taking into account...

  • *China expected to release weaker official PMI on Sunday. MELBOURNE, July 29- London nickel fell on Friday but was still on track for gains of more than 11 percent in July as the Philippines cracks down on polluting mines, while copper was set for a modest monthly rise. Local nickel ore producers are the biggest suppliers to China for stainless steel production.

  • The market for iron ore has been in decline since 2011, but things may be looking up for the steel-making ingredient.

  • MELBOURNE, July 29- London nickel fell on Friday but was still on track for more than 12 percent gains in July as the Philippines cracks down on polluting mines, while copper was set for a modest monthly gain. *Shanghai Futures Exchange copper rose 0.7 percent to 37,970 yuan a tonne. *Philippine President Rodrigo Duterte, who began a six-year term on June 30, has warned...

  • TORONTO/ VANCOUVER July 28- Gold bullion prices have increased 26 percent this year, but the world's biggest gold miners are paring costs and selling assets to lower debt despite the windfall rather than boosting spending. "They're still, by and large, in cost-cutting mode and hunkering down, even though conditions have improved over the last five or six months,"...

  • Potash will cut its quarterly dividend to 10 cents per share from 25 cents. Its shares were down 7 percent in New York and Toronto, and the U.S.-listed stock touched a low of $15.84. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold its Potash position in June.

  • HOUSTON, July 28- Improved fracking techniques have helped cut Pioneer Natural Resources Co's production costs in the Permian Basin to about $2 a barrel, low enough to compete with oil rival Saudi Arabia, CEO Scott Sheffield said on Thursday. The comments from Sheffield, who is retiring soon, were perhaps the most concrete sign yet that the fittest U.S. shale oil...

  • July 28- Cameco Corp, the world's No.2 uranium producer, reported a surprise quarterly loss due to weak uranium demand and prices, sending its shares down 7 percent to touching a nearly 12- year low of C $12.87. The company reported a net loss attributable to shareholders of C $137 million, or 35 Canadian cents per share, for the quarter ended June 30.

  • Gold hits 2-week high

    The Futures Now traders Jeff Kilburg, KKM Financial, and Brian Sutland, Equity Armor Investments, provide their play on gold's next move.

  • Potash plans to cut its quarterly dividend to 10 cents per share from 25 cents. Its shares fell 4.7 percent in New York and Toronto, and the U.S.-listed stock touched a two-week low of $16.32, down 40 percent in the past 12 months. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold...

  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. Net sales which is minus taxes also fell 5 percent to $6.63 billion as the average cost of iron ore for delivery...

  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. It also reduced net debt, or total debt minus cash and marketable securities, from the first quarter, and moved...

  • TORONTO _ Lundin Mining Corp. on Wednesday reported a second-quarter loss of $791.2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Toronto- based company said it had a loss of $1.10. Keywords: Lundin Mining, Earnings Report.

  • *2nd- qtr profit C $0.01/ shr; est. Teck, the largest producer of steelmaking coal in North America, said on Thursday its operating costs fell 15 percent to C $691 million in the second quarter. "While the commodity cycle continues to be challenging, we are starting to see some positive changes in the direction of zinc and steelmaking coal prices," Chief Executive Don...

  • MEG, whose key operations are in the Athabasca oil sands region of Alberta, said cash flow from operations fell about 93 percent to C $7 million, hurt by lower bitumen prices due to a decline in U.S. benchmark crude prices. MEG also reduced its non-energy operating costs in 2016 to a range of C $6.00 to C $7.00 per barrel from an earlier forecast of C $6.75 to C $7.75 per...

  • *Spot gold was little changed at $1,338.87 an ounce at 0112 GMT. Bullion on Wednesday touched a high of $1,342.18, its best since July 14. *Japan's prime minister unveiled a surprisingly large $265 billion stimulus package on Wednesday to reflate the world's third-largest economy, adding pressure on the central bank to match the measures with monetary stimulus...

  • Two dams of an iron mine belonging to Samarco (a Vale joint venture) broke in the city of Mariana on 5 Nov, 2015.

    BHP said the provision partly reflected uncertainty on when Samarco, its iron ore joint venture with Brazil's Vale, would restart.

  • MELBOURNE, July 28- BHP Billiton will book a charge of up to $1.3 billion to cover the costs of a dam disaster last November at the Samarco iron ore mine in Brazil, putting it on course to report its worst ever annual loss. BHP said on Thursday the provision of between $1.1 billion and $1.3 billion partly reflected uncertainty on when Samarco, its iron ore joint...

  • VANCOUVER, British Columbia _ New Gold Inc. on Wednesday reported a second-quarter loss of $8.8 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment...