May 16, 2011 Quadra FNX and Sumitomo form US$724 million joint venture to develop Sierra Gorda copper-molybdenum project in Chile Quadra FNX Mining announced on Sunday a US$724 million joint venture with Sumitomo Corporation to develop the Sierra Gorda copper-molybdenum project in Chile. The total cost of the mine is…
May 16, 2011 Metals Economics Group Strategic Report: Base metals and gold 2010 acquisitions spending totals $50.7 billion The 2010 dollar volume of large ($25 million minimum) acquisitions totaled $50.7 billion—the third-highest annual total in 10 years—a whopping increase of 260% over 2009’s $14 billion, and 23% over…
May 16, 2011 First Majestic earns a record $23.9 million in first quarter of 2011 First Majestic has experienced a new record for quarterly earnings for the first quarter of 2011 due to a 30% increase in average realized silver prices over the prior quarter…
May 16, 2011 African Barrick could lose 10,000 oz gold in quarter on Buzwagi mill breakdown African Barrick Gold (ABGL.L) said a malfunction in a mill motor at its Buzwagi mine in Tanzania would hit production in the quarter, sending its shares down as much as…
May 15, 2011 Osisko posts a loss; achieves its first gold pour Osisko Mining reported on Friday a loss of Can$5.3 million in the first quarter. The company said that the higher loss incurred is due to high administrative costs reflecting the…
May 15, 2011 Ivanhoe Mines: Construction of Oyu Tolgoi copper-gold-silver complex advancing toward planned start of commercial production in the first half of 2013. Overall construction of the Oyu Tolgoi Project was 15.1% complete by the end of Q1'11, slightly ahead of the planned 14.8%. Total capital invested in the project by the end…
May 14, 2011 Net gold and silver long positions cut last week Speculators in gold, silver and copper futures and options sharply cut their net long positions in the week ended May 10. Metal prices sold off during a commodities rout during…
May 13, 2011 Aurizon posts $18m profit in Q1 Aurizon Mines Ltd. notched an $18 million gross profit in the first quarter of 2011, bettering Q1 of 2010 by 43%. The Toronto-listed miner chalked up $14.5 million in cash…
May 13, 2011 The gold-silver ratio – another look The gold-silver ratio (GSR) measures how many ounces of silver one can purchase for an ounce of gold, on a certain date. Reference to the ratio has a long history.…
May 13, 2011 John Kaiser: $1,200+ gold is new normal What is good for the U.S. economy is good for gold. John Kaiser, editor of Kaiser Research Online, has proposed a graphic model that relates the value of all above-ground…
Ports for Australia’s Pilbara iron ore region closed due to cyclone Port Hedland, about 1,300 km (800 miles) north of Western Australia's state capital, Perth, is the world's biggest export point for iron ore. February 07, 2026 | 11:40 am
