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Peru mines to hit 80% production in a month

Peru mines to hit 80% production in a month

Peruvian miners are set to restart operations in coming days and ramp up to around 80% of normal production levels within a month, a senior official at the country’s mining industry group told Reuters, as the world’s No. 2 copper producing country looks to rebound...
Silvercorp annual production beats guidance

Silvercorp annual production beats guidance

Silvercorp Metals  has achieved its fiscal 2020 production guidance for all metals at all operations, the company announced Thursday. After an extended shutdown of activities at its operations in China due to covid-19, the company was able to ramp up to full capacity...
Chile’s top miners boost production in March

Chile’s top miners boost production in March

Chile’s top copper mines ramped up production in March even as the coronavirus outbreak took hold, according to data released on Thursday by state copper agency Cochilco, boosted by a sharp spike in output from state miner Codelco. Production at Codelco – the world’s...
Copper price jumps as Chinese imports surge

Copper price jumps as Chinese imports surge

Copper jumped on Thursday after a rebound in Chinese imports of the metal indicated the country’s manufacturing and construction sector may be emerging faster than anticipated from the covid-19 slump. Customs data showed China’s refined copper imports in April rose...
Overview Market Close – May 7, 2020

Overview Market Close – May 7, 2020

Americas Name Value Net Change % Change DOW JONES INDUS. AVG 23,875.89 +211.25 +0.89% S&P 500 INDEX 2,881.19 +32.77 +1.15% NASDAQ COMPOSITE INDEX 8,979.66 +125.27 +1.41% NYSE COMPOSITE INDEX 11,121.67 +121.68 +1.11% S&P/TSX COMPOSITE INDEX 14,833.69 +2.95...
Kirkland Lake’s strong Q1 results boosted by Detour

Kirkland Lake’s strong Q1 results boosted by Detour

Kirkland Lake Gold announced on Wednesday results for the first quarter of 2020 with strong year-over-year growth in net earnings and record levels of gold sales. The company reported production of 330,864 ounces, a 43% increase from 231,879 ounces in Q1 2029 and 18%...
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