The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.
It has been a tough year for investors in silver mining stocks, with the precious metal seeing its price plunging by over 14% and stubbornly remaining under US$20 per ounce.
This interactive infographic shows how the middle class, median income, and affordability of housing has changed in each state since 2000.
Hecla Mining (NYSE:HL) has expanded its operations in the western United States with the purchase on Friday of Revett Minerals (TSX:RVM) in an all-stock deal worth $20 million.
The precious metals complex has established a floor of support over the past five months. For Gold it is around $1150/oz and for Silver it is around $15.50/oz.
Looking for an exit or a lifeline? Look further says $8 billion fund manager.
The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.
Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.
The broad bottom is in – and well settled in, seemingly, with at least another summer of sideways markets ahead. But time isn't a bad thing.
At the end of January, the company announced it was placing the mine in care and maintenance, citing a commodity price crash, and earlier this month was forced to seek creditor protection.
When the ratio is falling as it is now, both silver and gold usually go up.
A new study shows the costs of mining for the red metal have steadily declined over the past three years.
The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.
They have given the expression "where there's muck there's brass" a whole new meaning.
Zijn's main interest in Ivanhoe seems to be the Kamoa copper project.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
Silver is scraping major support again, after a rough couple months where speculators left it for dead.
The mining exploration business is very risky, with about 3 out of a 1000 good looking prospects becoming mines.
Gulf of Mexico Reserves Open to Private Exploration & Production for First Time Since 1938
Toronto-based Primero Mining reported Wednesday lower gold reserves at its San Dimas operation, impacted by lower price assumptions, while silver reserves rose.
Funds aim to help reduce the use of mercury and design remediation plans in Peru's southern regions.
Thursday will be the last time traders at four banks agree by phone twice-daily prices for bullion.
In this interview with The Mining Report, Richards discusses his outlook for oil, gold, vanadium, zinc and nickel, and profiles companies with projects that will see the light of day even in harsh price environments.
In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.
The London Gold Fixing, the twice daily gold pricing mechanism at which the bulk of physical gold transactions take place is changing dramatically.
Spread your dollars amongst takeout candidates, major miners, and juniors with the best odds of outperforming when the markets start to move. Then wait.
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