×

Metals and Mining Precious Metals and Mining

  • TORONTO, March 6- Silver Wheaton would consider changing its financing deal with Primero Mining on the troubled San Dimas mine in Mexico if that would improve the "health of the asset," the mining financier's chief executive said on Monday. Silver Wheaton, a Vancouver- based company that provides miners with upfront payments, or "streams," in exchange for future...

  • MOSCOW, March 6- Russia has appointed Sergey Ivanov Jr, son of the former head of the Kremlin administration, as chief executive of state-controlled diamond miner Alrosa, the government said on Monday. The contract with Ivanov, 36, who has served as a senior vice-president of Russia's largest lender Sberbank since April 2016 and headed insurer SOGAZ before that,...

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.

  • TORONTO, March 5- Bills to reform Brazil's mining industry are expected to go before Congress in late March or early April and could be enacted by 110 days after that, the country's mines and energy minister said in an interview on Sunday. A remodeled mining code, aimed at reviving investor interest, was first proposed in 2009 but stalled in Congress in 2013.

  • One kilogram gold and silver bars.

    While the prospect of a rate hike sent gold lower on Friday, strategist David Tice said he is a big believer in the precious metal.

  • TORONTO, March 2- Canada's main stock index ended lower on Thursday, weighed down by sharp falls for major gold miners and other materials stocks on lower commodity prices as bets on a near-term U.S. interest rate hike boosted the U.S. dollar.

  • NEW YORK/ LONDON, March 1- Gold gave back most of its losses on Wednesday as the dollar pared gains and bullion shrugged off earlier pressure from U.S. New York Fed President William Dudley, one of the most influential U.S. central bankers, said the case for tightening monetary policy had become "a lot more compelling," while San Francisco Fed President John Williams...

  • LONDON, March 1- Gold fell on Wednesday as the dollar gained after comments from U.S. Federal Reserve officials raised expectations of an interest rate hike in March and overshadowed President Donald Trump's first major policy speech to Congress. New York Fed President William Dudley-- one of the most influential U.S. central bankers-- said the case for...

  • TORONTO, Feb 28- Canada's benchmark stock index rose in morning trade on Tuesday, boosted by a jump in shares of a major bank and strong gains for gold miners as the precious metal held near a 3-1/ 2- month high. At 10:15 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 53.09 points, or 0.34 percent, at 15,516.60. Barrick Gold Corp rose 3.1 percent to C...

  • *Spot gold was little changed at $1,252.15 per ounce at 0044 GMT. The metal hit its highest since Nov. 11 at $1,263.80 in the previous session. President Donald Trump's policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes.

  • HOLLYWOOD, Fla., Feb 27- Shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the U.S. miner's contract, Freeport's chief executive officer said on Monday. Rio Tinto Plc, which is a partner in Freeport's massive Grasberg copper and gold mine in Indonesia, is also...

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. Freeport-McMoRan began mining in Papua in 1967, the first...

  • Feb 27- Gold prices held firm on Monday near 3-1/ 2- month highs hit in the previous session as investors await more clarity on President Donald Trump's economic policy. *Spot gold was little changed at $1,256.61 per ounce at 0034 GMT. The metal hit its highest since Nov. 11 at $1,260.10 in the previous session.

  • Freeport's Grasberg mine holds more gold and copper reserves than any other in the world, but has frequently been a source of controversy over the revenue share Indonesia and Papua get from the mine and the impact of its tailings on local water systems. Here are some facts on the Grasberg mine in Papua:. GRASBERG MINE Freeport-McMoRan began mining in Papua in...

  • TORONTO, Feb 23- Canada's main stock index rose on Thursday as energy company stocks were boosted by gains in oil prices, while higher prices for bullion lifted shares of gold miners. The energy group climbed 1.3 percent, as oil prices rose more than $1 a barrel after U.S. data showed a surprise decline in inventories, suggesting a global glut may be ending after...

  • LONDON, Feb 23- Three of the world's biggest exchanges are launching precious metals contracts in London this year, each aiming for a chunk of the city's $5- trillion- a-year gold business. The London Metal Exchange, CME and ICE see an opportunity as increasing regulatory scrutiny is raising costs for banks trading gold over the counter in bilateral deals.

  • Miner-trader Glencore reported an 18 percent increase in 2016 profits buoyed by a rebound in commodities.

  • Newmont's all-in sustaining costs, the gold industry cost benchmark, fell to $918 an ounce in the three months ended Dec. 31, from $1,036 an ounce a year earlier. Net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, from $276 million, or 54 cents per share, a year earlier. The company recorded a $970 million...

  • Feb 21- Gold and copper miner Newmont Mining Corp reported a bigger quarterly loss on Tuesday as the company took an impairment charge of $974 million. The company's net loss attributable to stockholders from continuing operations widened to $391 million, or 73 cents per share, in the fourth quarter ended Dec. 31, from $254 million, or 54 cents per share, a year...

  • Commodities tomorrow:

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