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Metals and Mining Precious Metals and Mining

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  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.

  • HARARE, July 29- Metallon Corp, the biggest gold producer in Zimbabwe, said it missed its first-half output target by 19 percent due to equipment breakdowns, in another setback for the country's mining sector, which has been hit by slumping commodities prices. London- based Metallon, which is not listed, owns fives mines in Zimbabwe, three operational and two which...

  • TORONTO _ North American Palladium Ltd. on Wednesday reported a loss of $78.7 million in its second quarter. The Toronto- based company said it had a loss of 20 cents per share. Keywords: North American Palladium, Earnings Report.

  • New Gold beats 2Q profit forecasts Tuesday, 28 Jul 2015 | 7:27 PM ET

    VANCOUVER, British Columbia _ New Gold Inc. on Tuesday reported second-quarter profit of $9.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Commodities tomorrow: Buying the dip Tuesday, 28 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Buying the dip

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • July 28- Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices. Shares in Arizona- based Freeport leapt on the announcement, and were last up 9.4 percent at $12.44 on the New York...

  • Freeport-McCoRan launches business review to cut costs Tuesday, 28 Jul 2015 | 1:03 PM ET

    Shares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. Freeport-McMoRan Inc.' s assets include mining operations in North and South America, oil and gas assets in the United States and a minerals...

  • Commodities tomorrow: Downside bias remains Monday, 27 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Downside bias remains

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • United Steelworkers' negotiating committee and Stillwater CEO Michael "Mick" McMullen support it, but workers at the mine in Nye and smelter and the refinery complex in Columbus have said the contract could reduce their take-home pay. An answering machine reached Monday at the United Steelworkers Local 11 -0001 office in Columbus urged Stillwater employees...

  • With authorities at the Jamaica- based International Seabed Authority issuing exploration contracts, alarmed conservationists are warning that the deep ocean's fragile biodiversity must be protected and not nearly enough is known about the risks of extracting minerals from seabeds. "The pace of activity has increased dramatically over the last five...

  • NEW YORK/ LONDON, July 24- Gold turned higher after sliding more than 1 percent to its lowest since early 2010 on Friday, as the dollar fell from its highs and U.S. stocks extended losses, but the precious metal was on track to see the biggest weekly decline since March. Spot gold hit the lowest since February 2010 at $1,077.00 an ounce but was up 0.5 percent at $1,096.29...

  • LONDON, July 24- A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70 percent of iron ore consumption and vies with India to be the top gold consumer. China's economy is seen...

  • Anglo American warns on further pain for commodities Friday, 24 Jul 2015 | 4:22 AM ET
    Heavy equipment is used used to mine copper at the Anglo American PLC Los Bronces (Minera Sur Andes) copper mine in central Chile,

    One of the world's largest miners, Anglo American maintained its interim dividend on Friday as a deep sell-off in metals hurt its first half profit.

  • *Maintains interim dividend of $0.32 per share. *Takes non-cash impairment of $3.5 billion. LONDON, July 24- Global mining company Anglo American will shed about 6,000 jobs in the next couple of years as it fights rapidly deteriorating market conditions that have dragged its shares down to a 13- year low this week.

  • Commodities tomorrow: Crude down again Thursday, 23 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Crude down again

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • July 23- Diversified U.S. miner and energy producer Freeport-McMoran Inc reported an unexpectedly strong adjusted profit on Thursday as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss. The Phoenix, Arizona- based company's net loss of $1.85 billion, or $1.78 per share, resulted from writedowns on its oil...

  • TORONTO, July 23- Diversified U.S. miner and energy company Freeport-McMoran Inc reported a sizeable second-quarter net loss on Thursday, reflecting a big write-down for the value of its oil and gas properties and slumping prices for the copper, gold and oil that it produces. The Phoenix, Arizona- based company reported a net loss attributable to shareholders of...

  • Australia's Newcrest, Fortescue release production reports

    Gaurav Sodhi, senior analyst at Intelligent Investor, analyzes the production reports of gold producer Newcrest Mining and iron ore miner Fortescue Metals.

  • Consolidated all-in sustaining costs per ounce are now expected to be between $920 and $980 in 2015, down from an earlier forecast of $960 to $1,020, and seen holding relatively steady at between $900 and $1,000 in 2017.. Newmont said adjusted net earnings rose to $131 million, or 26 cents a share, in the quarter to end-June from $101 million, or 20 cents a share, in...

  • Commodities tomorrow: Oil gets whacked Wednesday, 22 Jul 2015 | 3:34 PM ET
    Commodities tomorrow: Oil gets whacked

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.