Kinross stock hammered over $720m Ecuador write-off
The Toronto-based gold miner fell 5% after hours on decision to drop project after failing to come to terms with the Ecuadorian government.
Frik Els , Editor
Frik has 20 years’ experience as a business journalist across a range of industries including automotive, technology and entertainment markets. Frik has an entry in Global Mining Observer’s Who’s Who of Mining 2018, and contributions to publications and conferences including Business Insider, Investing.com, Mines & Money London and New York, Vancouver Resources Investment, Progressive Mine Forum in Toronto and Canadian Mining Symposium in London, UK. He’s been interviewed on CBC Radio and Korea State TV and quoted in the Financial Post.
Posts by Frik Els:
UPDATE: Court win for Israeli billionaire in fight over $50 billion African mining prize
Beny Steinmetz scores legal victory amid corruption probe into the sale of Guinea's Simandou iron ore licence.
Fresh gold stocks bloodbath
Friday's fall in the gold price wipes billions off the gold sector.
Gold price deepens losses Friday afternoon
Gold price is down $38 after better than expected US payroll data casts doubt on QE.
The last time Shanghai rebar traded this low iron ore was at $87
Steel yourself: 91% of Asia's steelmakers believe prices wil fall further from today's record lows.
CHART: Oversupply pushes thermal coal price to 2009 levels
Indonesia, South Africa and Australia show no signs of slowing down exports despite prices at 3-and-half year lows and heading lower still.
Blasted furnaces: Chinese steelmakers can’t be more bearish
The iron ore rally is holding for now, but struggling Chinese steelmakers now say the worst is yet to come.
New Philippines mining tax sees 10-fold revenue increase
Foreign investment has halved in two years and far-reaching amendments to 1995 mining law not likely to encourage new projects.
Grasberg outage lifts copper to 2-week high
Between 100–150kt of copper will be off the market.
Nevada gold and silver miner rockets 18%
Investors now see huge value in oversold precious metal producer Allied Nevada.
Top 50 mining companies power through Iran war – up $250 billion in 2026
The world’s 50 biggest mining stocks shrug off global turmoil, hitting a combined $2.4 trillion value in Q1, but the tide did not lift all boats.