Molybdenum Top Stories

Freeport shares drop after quarterly profit misses expectations

The Phoenix-based company posted first quarter net income of $31m,…

Protesters block road used by Hudbay to transport copper in Peru

Members of the community of Tacrara were demanding compensation for…

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HudBay buys mores shares in U.S. copper/moly mine developer

Canadian base metals miner HudBay Minerals Inc raised its stake in Augusta Resource Corp to 14.3 percent by buying 5.4 million more shares in the company for C$21.3 million. HudBay now holds 20.2 million shares of Augusta Resource, up from about 14.8 million earlier, the company said on Monday.

Northern Dynasty’s Pebble project receives a positive preliminary assessment

Northern Dynasty said on Wednesday that Wardrop completed a positive preliminary assessment report for the Pebble copper-gold-molybdenum project in Southwestern Alaska. "For the Pebble Project, the 45-year Reference Case yields a 14.2% pre-tax IRR, a 6.2-year payback on initial capital investment of $4.7 billion and a $6.1 billion pre-tax NPV at a 7% discount rate and long-term metal prices. At current prevailing metal prices, the 45-year Reference Case yields a 23.2% pre-tax IRR, a 3.2-year payback on initial capital investment and a $15.7 billion pre-tax NPV at a 7% discount rate."