Tuesday, August 9, 2011

MINEWEB.COM'S TOP STORIES: Despite revised production guidance, Silver Wheaton net earnings triple

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FEATURED PODCAST                                                     

Copper likely to move higher over H2 2011 - Mohr

Scotia Capital's Patricia Mohr says, the decline in copper over the last week has actually been quite limited and expects another move up for the metal in the second half of the year.
 

TOP STORIES | Tuesday , 09 Aug 2011                                                     

Despite revised production guidance, Silver Wheaton net earnings triple

In spite of operational challenges at some of its partners' mines, Silver Wheaton reported record financial results during the 2Q11.    Tuesday , 09 Aug 2011

Increased silver, gold production will help Coeur achieve 2011 guidance

New Coeur d'Alene Mines CEO Mitchell Krebs says the company is on "a bit of a roll here" with its performance improving each quarter.    Tuesday , 09 Aug 2011

'Bring on the bloodbath' - Altius says with $190m in cash to spend

Altius Minerals, long on the lookout for another royalty stream with nearly $200 million in its back pocket, looks readier than ever to pull the trigger.    Tuesday , 09 Aug 2011

Next leg up for silver could take it to $65-$75 an ounce - Morgan

David Morgan maps out a path for silver that could sink as low as $5/ounce and then bounce up to $75/oz. to establish a new base level and comments on Silver Institute reporting standard. Gold Report interview.    Tuesday , 09 Aug 2011

Court allows NMDC to mine iron ore, but denies exports

Iron ore miners are set to benefit in India, with a slight increase in iron ore prices following the partial lifting of the iron ore production ban in Karnataka's Bellary district.    Monday , 08 Aug 2011

Australia sees continued growth in demand for its commodities

According to Australian Resources Minister, Martin Ferguson said Tuesday that, despite the growing turmoil in global markets, demand for Australia's resources continues to grow, particularly in Asia    Tuesday , 09 Aug 2011

Higher metals prices help First Quantum to profit

The Canadian-based miner announced a jump in net income during the quarter to $155.3m despite lower copper and gold production, as metals prices surged.    Tuesday , 09 Aug 2011

Uranium One profit jumps five-fold on prices, production

The uranium miner said it boosted production 33% in the second quarter which, along with higher prices achieved per pound of uranium sold, helped push net income to $29.7m, up from $5.4m a year ago.    Tuesday , 09 Aug 2011

Thompson Creek Metals announces 8% fall in quarterly profit

The molybdenum miner said higher costs hurt its earnings adding that expects to produce less at its Thompson Creek mine in Idaho in the second half of the year.    Tuesday , 09 Aug 2011

SPDR Gold Trust holdings see largest one-day gain in more than a year

Investors seeking refuge from the global macro-economic maelstrom, flooded into the gold trust, raising its holdings to 1309.93 tonnes by the close of Monday's session    Tuesday , 09 Aug 2011

BHP Billiton to spend $7026.7m on Pilbara contracting firm

The miner has agreed to buy the firm that provides contracting services to its W. Australian iron ore operations from its cash-strapped owner, Leighton Holdings.    Tuesday , 09 Aug 2011

Gold surges through $1,700 as global monetary system falters

As politicians and central bankers try to get a handle on the continued concerns about sovereign debt, indications are that the situation is likely to get worse before it gets better.    Tuesday , 09 Aug 2011

Gold hits $1714, ECB is "last line" of Eurozone defense, US debt plan "falls short" says S&P

Gold moved up another $50 or so in Asian markets overnight as realization of the severity of U.S. and Eurozone debt began to sink home. It eased in Europe but so far has stayed above $1700.    Monday , 08 Aug 2011

Yesterday's Top Story: Ecuador's President wants $100m-$200m in mining royalties in advance

Ecuador's President Correa, an economist by training, hopes to place his nation at the forefront globally by securing mining royalties for copper and gold projects in advance    Monday , 08 Aug 2011

PODCASTS / RADIO                                                     

The top 10 risks facing the mining sector - Mike Elliott, Ernst & Young

Concerns around resource nationalism top the international mining community's worry list, with skills shortages coming a close second, according to a new report by Ernst & Young

Gold to double over the next five years, gold stocks offering value - Holmes

US Global Investors CEO Frank Holmes maintains that gold bullion is likely to rise significantly, albeit in a volatile fashion and, believes that gold stocks, especially those paying dividends will do well

The implications of mining strikes in Chile and South Africa - Control Risks

A look at some of the underlying reasons for the mining strikes seen over the last few weeks in South Africa and Chile and some of the longer term implications

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CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Editor in Chief

Alec Hogg, Mooi River, SA

 

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