Copper Investing News

Copper Moves up on Lower Supply, Promising Demand

Heather Wright — Fri, 17 May 2013 15:01:56 +0000

Bloomberg reported that copper climbed on Friday, reducing losses this week, given a boost by improving U.S. consumer confidence that suggest an up tick in demand.

Candente Copper Corp Temporarily Suspends Drilling at Cañariaco Norte While Evaluating Projects

Heather Wright — Fri, 17 May 2013 14:57:09 +0000

Candente Copper Corp. (TSX:DNT) provided updates on the Cañariaco copper project.

Copper Gets a Pick-Me-Up

Vivien Diniz — Thu, 16 May 2013 23:15:33 +0000

Copper prices are up on the London exchange supported by a weak dollar and better-than-expected economic data from Japan.

Yellowhead Mining Completes Winter Drill Program at Harper Creek

Gretchen Cruz — Thu, 16 May 2013 16:36:16 +0000

Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) announced results from the completed winter drill program on its Harper Creek property. Highlights include 0.39% Cu over 108.77m commencing at a depth of 237.42m intersected in Hole HC13-161.

Antofagasta’s First Quarter Profits Decline on Higher Costs, Lower Prices

Heather Wright — Thu, 16 May 2013 11:58:19 +0000

CNBC reported that a drop in copper prices combined with higher operating costs hit Antofagasta's Q1 profit.

Gold Fields, Consolidated Woodjam Copper Corp, Expand Copper Content at Southeast Zone by 45 Percent

Heather Wright — Thu, 16 May 2013 11:54:41 +0000

Consolidated Woodjam Copper Corp. (TSXV:WCC) announced that through the Gold Fields Horsefly Exploration Corporation, a subsidiary of Gold Fields Limited(NYSE:GFI, NASDAQ:GFI) have updated resource estimates at Southeast Zone as well as the Deerhorn and Takom Zones.

Mawson West Increases Revenue in Q1 to $44.5 Million

Heather Wright — Wed, 15 May 2013 14:16:59 +0000

Mawson West Limited (TSX:MWE) provided its first quarter financial results, including a gross profit of $18.1 million.

Operations Suspended at Second Largest Copper Mine in the World After Tunnel Collapse

Heather Wright — Wed, 15 May 2013 14:10:57 +0000

Reuters reported that operations have been halted at Freeport-McMoRan Copper & Gold's Indonesian unit after a tunnel collapse killed four and trapped 25 others. As quoted in the Reuters report:

Copper for Three-month Delivery Falls to $7,198 per MT in London

Staff Writer — Wed, 15 May 2013 13:23:16 +0000

Copper for delivery in three months fell on the London Metal Exchange to $7,198 per metric ton, a 0.6-percent decline.

Tips for Diversifying Beyond Gold from Brent Cook

Vivien Diniz — Tue, 14 May 2013 23:19:46 +0000

Last month's landslide at Utah's Bingham Canyon, one of the world's largest copper mines, triggered significant discussion on possible copper shortages. Brent Cook, veteran geologist and publisher of Exploration Insights, puts the landslide into perspective in this interview with The Metals Report. And for investors who want to dig out profit potential beyond the yellow metal, Cook gives us a byproduct primer and suggests base metals are a great way to diversify.