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Freeport-McMoRan Announces Terms of PT Freeport Indonesia Divestment and New Long-Term Partnership with PT Inalum - "Freeport-McMoRan Inc. (FCX) announced today that it has entered into a Heads of Agreement with the Indonesian state-owned enterprise PT Indonesia Asahan Aluminium (Inalum) and PT Freeport Indonesia's (PT-FI) joint venture partner Rio Tinto. Under the terms of the non-binding Heads of Agreement, Inalum will acquire for cash consideration of $3.85 billion all of Rio Tinto's interests associated with its Joint Venture with PT-FI (the “Joint Venture”), and 100 percent of FCX's interests in PT Indocopper Investama (PT-II), which owns 9.36 percent of PT-FI." More
- 07/12/18 | Item


Excellon Announces Q2 2018 Production Results - "We realized further improvements at the Platosa Mine and Miguel Auza concentrator during the second quarter, including the most tonnes processed at Miguel Auza since the Company acquired the mill in 2009," stated Brendan Cahill , President and CEO. "We also achieved AISC of less than $10 per payable silver ounce for the quarter. While there is more work to do to increase production, we're making strong progress. Most importantly, we now have a stable, cash-flowing operation at Platosa that provides a platform for our greater exploration and growth goals." More
- 07/12/18 | Item


Barrick Reports Preliminary Second Quarter Production Results - "Barrick Gold Corporation (ABX)(ABX.TO) (“Barrick” or the “Company”) today announced preliminary second quarter production of 1.07 million ounces of gold, and 83 million pounds of copper, as well as preliminary second quarter sales of 1.04 million ounces of gold, and 74 million pounds of copper. The average market price for gold in the second quarter was $1,306 per ounce, while the average market price for copper was $3.12 per pound." More
- 07/12/18 | Item


South African Gold Output Falls Most Since February 2017 in May - "Gold output in South Africa, once the world’s biggest producer of the metal, declined the most since February 2017 in May." More
- 07/12/18 | Item