USA

PALLADIUM MARKET

Norilsk sees strong future for palladium

Wednesday , 10 Mar 2010
Future jewelry and industrial demand is likely to be good the Russian miner says
REKO DIQ

Barrick CEO optimistic Reko Diq gold-copper project will go ahead

Wednesday , 10 Mar 2010
Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months
SCRAP SUPPLY

Schnitzer sees healthy demand for US steel scrap

Wednesday , 10 Mar 2010
The group says it is driven primarily by export market consumption largely out of Asia
GOLD AND INFLATION

Gold likely to benefit from inflation - Newmont CEO

Tuesday , 09 Mar 2010
While accommodative monetary policy has helped the world back onto its feet, there is a cost involved
NEW OUNCES

Yesterday's Top Story: Size isn't everything - Goldcorp CEO

Tuesday , 09 Mar 2010
Annual gold production could double by 2018 but the group believes there is a size, beyond which one doesn't want to grow
SILVER SALES

Record demand pushes US Mint silver coin sales up over 40% so far this year

Friday , 05 Mar 2010
Silver sales hit 3.59 million ounces in January, a record in the history of the Mint's bullion programme
TIME WILL TELL

New coking coal indices launched

Thursday , 04 Mar 2010
The indices, created by Energy Publishing are intended to help the industry move away from annual contract pricing
17.6MN GOLD OZS IN RESERVES

Yamana exceeds 1M gold equiv ounces in 2009

Thursday , 04 Mar 2010
Yamana plans to build on existing production through mine expansions and throughput increases, new mine development, exploration and targeting "other gold consolidation opportunities in the Americas."
SILVER ETFS TO SLIGHTLY DECLINE

RBC says silver demand will continue to outpace new mine supply

Wednesday , 03 Mar 2010
RBC Capital Markets estimates that most silver equities will be reflecting a long-term silver price of $13/oz, well below the current spot price of $16.44/oz.
4.26 MN OZS GOLD RESERVES, 374 MN OZS SILVER

Fresnillo will emphasize exploration, mine and production growth in 2010

Wednesday , 03 Mar 2010
The world's largest primary silver miner, Mexico's Fresnillo reported a year of "significant operational progress," substantial increase in total resources, and record silver production in 2009.
BMO CAPITAL MARKETS GLOBAL METALS & MINING CONFERENCE

BMO's Melek says supply constraints already evident in copper

Tuesday , 02 Mar 2010
BMO's global commodity analyst Bart Melek has a "quite robust view of the commodity market" and anticipates a "robust restocking cycle" in metals.
BMO GLOBAL METALS & MINING CONFERENCE

Royal Gold's Jensen says IRC acquisition, Andacollo royalty provide wonderful growth platform

Tuesday , 02 Mar 2010
Royal Gold's friendly merger with cross-town royalty rival International Resources Corp., combined with royalties from the Andacollo deposit, provides a wonderful base to grow the company.
NICKEL PRICING

Teck, Xstrata agree 40% increase in benchmark-setting zinc fee

Monday , 01 Mar 2010
On the eve of the International Zinc Association conference, in what is a benchmark setting deal for annual treatment charges, the two companies have agreed to raise processing fees to around $270 per tonne
$58MN IN NET PROCEEDS REVENUE ANTICIPATED

Nevada mining to pay new claims fee to help shore up state budget shortfall

Monday , 01 Mar 2010
The Nevada Legislature has voted to secure another $25.7 million from Nevada miners via a new, temporary claim fee.
MORGAN STANLEY GLOBAL BASIC MATERIALS

We would rather grow internally than pay a premium for outside assets - Freeport

Friday , 26 Feb 2010
The group says it has ample cash to do just that; to increase exploratory drilling, pay down debt and raise dividends
NET LOSS OF $31.9M

Coeur reports all time record silver production, silver reserves

Friday , 26 Feb 2010
Coeur d'Alene Mines' decision to invest in a "robust exploration program" in 2009, paid off handsomely with 269 million ounces of silver reserves and 2.9 million ounces of gold reserves at year-end.
92MN OZS IN GOLD RESERVES

Newmont experiences an excellent year, hitting several new financial records

Friday , 26 Feb 2010
CEO Richard O'Brien says he has been inspired by Newmont's transformation, which is yielding "noteworthy results" for shareholders and stakeholders.
REDUCED NET LOSS

Great Basin's two developing gold mines making good progress

Thursday , 25 Feb 2010
Great Basin Gold, which is developing the Hollister gold mine in Nevada and the Burnstone mine in South Africa is making progress in bringing both to production.
$9.2M LOSS FOR 2009

Lower PGM prices torpedo Stillwater's 2009 financials

Thursday , 25 Feb 2010
Without an $8.1 million non-cash charge, Stillwater's 2009 loss would have been reduced to $1.1 million and fourth-quarter earnings would have been positive at $1.9 million.
LABOUR DISPUTE

Labour groups rally around locked out Rio Tinto borax miners

Thursday , 25 Feb 2010
The 600 workers were shut out of the world's second largest borax mine on January 31 after a five month contract dispute with Rio Tinto
BULLETIN

Gold miners agree to pay up to $100mn in taxes to Nevada

Thursday , 25 Feb 2010
Nevada legislators say the state’s mining industry has agreed to pay up to $100 million in taxes and fees to the state.
SHARP REBOUND IN INDUSTRIAL DEMAND

BMO digs deeper into silver as production and demand constrain physical market

Wednesday , 24 Feb 2010
Stronger demand and lackluster supply growth could propel silver to $20/oz this year and next and maintain silver as an outperformer, BMO Capital Markets forecasts.
REMAINS OF 65 MINERS NEVER RECOVERED

Widows of Pasta de Conchos Mexico mining disaster sue in U.S. District Court

Friday , 19 Feb 2010
Four years ago today, 65 Mexican miners perished at the Pasta de Conchos coal mine in a powerful methane gas explosion. Three of their widows have sued Grupo Mexico claiming negligence.
HEDGE ELIMINATION RESULTS IN $4.3BN LOSS FOR ‘09

Barrick will spin-off new African-centric gold company complete with IPO on LSE

Friday , 19 Feb 2010
African projects that are too small to capture the attention of the world's largest gold company will now find a home in the proposed African Barrick Gold spin off of Barrick.
LUCKY FRIDAY BEST YEAR EVER

Record silver production puts Hecla in ‘the best shape' since 1891

Thursday , 18 Feb 2010
With record silver production, record silver reserves,$54.2 million in net profit, cash in the bank and improved concentrate quality, Hecla has plenty to celebrate this year.
CENTRAL BANK GOLD BUYING

Asian central banks tagged as potential buyers for 191.3 tonnes of IMF gold

Thursday , 18 Feb 2010
The International Monetary Fund says it will soon begin a planned sale of a remaining 191.3 tonnes of gold to raise funds for lending operations
$130MN BUDGETED FOR EXPLORATION

Goldcorp reports 48.8 mn/oz gold and 1.3 bn/oz silver reserves

Thursday , 18 Feb 2010
Goldcorp's sixth annual reported increase in gold reserves still awaits updates from the recent Canplats and El Morro acquisitions.
INVESTOR HUB: Gold / Copper

   


TOP STORIES

GOLD WEEKLY

Gold ETFs stand to gain as bigger investors look to gold as an alternative currency

Wednesday , 10 Mar 2010
As investors focus more and more on sovereign risk issues so gold stands to gain
More 

FAST NEWS