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Yamana forecasts 31% increase in Jacobina output
Yamana Gold said on Wednesday that the Phase 2 expansion of its Jacobina mine in Brazil could lead to significant increases in production and cash flow generation, reaffirming the mine as a “low-cost and long-life asset.” The Phase 2 expansion project builds on the...
China aluminum dances to its own beat as LME stumbles
A robust recovery in aluminum demand in China has boosted prices in the world’s top consumer and producer of the metal by more than 10% in a month, but traders say weak demand for Chinese exports could soon take the shine off the market. Shanghai Futures Exchange’s...
Overview Market Close – May 6, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 23,664.64 -218.45 -0.91% S&P 500 INDEX 2,848.42 -20.02 -0.70% NASDAQ COMPOSITE INDEX 8,854.39 +45.27 +0.51% NYSE COMPOSITE INDEX 10,999.99 -135.41 -1.22% S&P/TSX COMPOSITE INDEX 14,830.74 +19.18...
Freeport-McMoRan to cut molybdenum production at Colorado mine
Freeport-McMoRan Inc is cutting molybdenum production at a key Colorado mine by half and “plans to reassess” operations at a New Mexico copper mine that has been temporarily shuttered due to covid-19, a spokeswoman said. The steps come after Phoenix-based Freeport,...