Mining news

The price of bitcoin (BTC/USD) has plunged over the last few days and the selloff intensified Wednesday. Bitcoin’s extreme volatility, namely a correction of more than $20,000 from its highs, has some wondering if there are safer ways to gain exposure to the digital currency. Investors…

CNBC’s “Halftime Report” crew fielded a handful of questions from viewers. The four stocks mentioned during the Q&A session include credit card giant American Express Company (NYSE: AXP), mining company Cleveland-Cliffs Inc (NYSE: CLF), social media company Snap Inc (NYSE: SNAP), and bank giants JPMorgan…

Anglo American plc (LON: AAL) reported a 3% increase in its first-quarter production on Thursday. The company, however, slashed its annual guidance for coal (metallurgical and thermal). Anglo American shares that you can learn to buy online here opened at £30.62 in the stock market on Thursday and…

Antofagasta plc (LON: ANTO) said on Wednesday that copper production in the first quarter came in 5% lower than the prior quarter, as the Coronavirus pandemic continued to disrupt operations. COVID-19 has so far infected more than 4.3 million people in the United Kingdom and caused over 127 thousand…

Alcoa Corp. (NYSE: AA) said on Thursday that its sales and earnings jumped to a record high in the fiscal first quarter since 2018. The company topped Wall Street estimates in Q1 and expressed confidence that performance will show resilience in 2021 on the back of robust demand for…

Nova Resources raised its bid for KAZ Minerals plc (LON: KAZ) on Friday to £4.02 billion. Minority stakeholders, including CFC Management (Russia-based) and RWC Partners, had previously expressed their displease with the earlier proposals, pushing the group into lifting its offer by 9.0%. KAZ shares jumped a little under…

Centamin plc (LON: CEY) said on Monday that its profit in 2020 saw a significant increase as gold prices remained upbeat last year. On the back of its hawkish full-year performance, the London-listed firm reaffirmed its guidance for 2021 as well. Centamin plc opened at 103 pence per share…

Ferrexpo plc (LON: FXPO) said on Wednesday that its profit posted an increase in 2020, despite the ongoing Coronavirus pandemic that disrupted operations last year. On the back of its hawkish performance, the mining company also a special interim dividend on Wednesday. Ferrexpo shares jumped close to 2.5% in…

Antofagasta plc (LON: ANTO) said on Tuesday that its net profit jumped 6% on a year over year basis in 2020, despite the ongoing Coronavirus pandemic that has so far infected more than 4.2 million people in the United Kingdom and caused over 125 thousand deaths. On the back…

Anglo American Platinum Ltd. (JSE: AMS) said on Monday that its basic earnings jumped 64% in 2020. The company also expressed confidence that production will recover to levels seen before the Coronavirus pandemic later this year. Anglo American Platinum opened at £85.70 per share on Monday and closed the…

Mining veteran Mick Davis, best known for serving as CEO of Xstrata until its merger with Glencore and then forming mining venture X2 Resources, is getting back into the mining industry after a stint in politics, The Wall Street Journal reported. Low-carbon energy Nicknamed “Mick the Miner,” Davis exited…

Rio Tinto plc (LON: RIO) said on Wednesday that its full-year net profit saw a 22% annualised growth, attributed primarily to an increase in iron-ore prices. On the back of its hawkish performance, the company said it will pay a special dividend for 2020. Rio Tinto shares jumped less…

Glencore plc (LON: GLEN) said on Tuesday that it returned to profit in H2 of fiscal 2020. The company, however, concluded the financial year in loss due to the ongoing COVID-19 crisis, but still resumed dividend payments for 2021 on the back of hawkish performance in the second half.

BHP Group plc (LON: BHP) said on Monday that its profit in the fiscal first half came in 16% higher than last year. The company attributed its hawkish performance to record production from its Western Australia-based iron ore operations. BHP Group’s London listed shares closed the regular session about…

In an announcement on Wednesday, Glencore plc (LON: GLEN) said coal and copper production in 2020 matched its guidance, despite the new COVID-19 variant pushing the United Kingdom into another lockdown last month. Glencore shares opened roughly 1.5% up on Wednesday but lost the entire intraday gain in…

In an announcement on Wednesday, Antofagasta plc (LON: ANTO) said that its fourth-quarter copper production came in line with what analysts had anticipated. Copper production, it added, was better than the prior quarter (Q3). Antofagasta also highlighted that unitary costs in the recent quarter printed below guidance. In…

Gold prices sold off from their all-time highs in late 2020 but still ended the year higher by around 25%. The commodity should continue its upward trend in the new year and investors looking for “insurance” against market downside should consider a stake in gold miner Barrick Gold Corp…

The price of gold is on pace to end 2020 higher by nearly 25%, marking its best yearly gain since 2010, according to The Wall Street Journal. Gold recap Gold futures that expire in February 2021 closed at $1,893.40 an ounce on Wednesday. While this does mark a decline…

Energean Oil & Gas plc (LON: ENOG) said on Wednesday that it struck an agreement with Kerogen (private equity group) to buy the remaining 30% stake in Energean Israel Limited (EISL). Following the completion of the transaction, the gas exploration and production firm will have full control of its…

Gold prices peaked in August at more than $2,000 an ounce and have since lost momentum and erased around four months’ worth of gains. Platinum on the other hand is up 14% in November and some are wondering if gold’s claim to fame has come to an end. Platinum a…

Rosneft Oil Co. (MCX: ROSN) said on Friday that it concluded the fiscal third quarter in loss, but underlying earnings posted an over 100% growth versus the prior quarter as oil prices recovered sharply in recent months after a historic low earlier this year due to the Coronavirus pandemic…

Gold mining giant Newmont Corporation (NYSE: NEM) reported Thursday morning what management described as its “best quarterly financial performance” in history. Best quarter in a century Newmont was founded in 1921 and nearly a full century later the company is operating at its peak performance. The world’s largest gold…