Newmont Mining Corp., one of the world’s largest gold producers, declared that its second-quarter profit sank 40 percent as copper prices slipped and its tax bill jumped significantly. For full story, click here
The Indonesian unit of Newmont Mining Corp. expects copper production to rise by 60 percent this year as it starts to mine higher grade ore. For more information, click here
Copper sales slumped 61% as sharply falling prices more than offset a 17% increase in output. For full story, click here
Mining companies had been struggling as gold prices eased, but in recent weeks gold has continued its advance back toward $1,000 an ounce, driving mining company stocks up as company officials and metals strategists forecast more price strength. For full story, click here
Newmont Mining Corp. swung to a fourth-quarter profit on fewer write- downs despite slumping margins and a continuing drop in copper sales. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News With little relief in sight when it comes to the global economic crisis, analysts are expecting further downside for copper. So far this year, COMEX copper prices are down nearly 60 per cent since their record high above $4.00 a lb in July. It is anticipated [...]
By Leia Michele Toovey- Exclusive to Copper Investing News This week on the London Metal Exchange, the industrial metals rallied. Copper for delivery in three months jumped $525, or 13 per cent, to $4,655 a metric ton. Aluminum advanced 2.7 per cent, nickel 7.8 per cent and zinc 7 per cent. This was a welcome [...]
Overview Dajin Resources Corp. (“Dajin”) is a British Columbia exploration company with mining projects in the Cariboo Mining District in Central BC and the Nelson Mining District in South-eastern BC. Dajin has the right to earn a 65% interest in 32 Cowtrail mineral claims where a seven hole drill program was completed in the summer [...]
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