Peruvian royalty proving problematic
Lima, Peru — Record international metals prices have been hugely profitable for Peru. They also brought with them a nasty surprise: mining royalties. Everyone, it seemed, wanted a slice of the pie. B…
Southern Copper Corporation
Copper the only bright spot
U.S. stock markets rose steadily through the first four days of the reporting period July 12-18, but the gains were almost wiped out on the final day of the period. The S&P 500 index was up 1.69 p…
Bombings rattle markets
TORONTO STOCK EXCHANGE…
Gains in U.S.
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Commodity gloom spreads
U.S. equity markets were generally lower in the report period April 12-18, with the Dow Jones Industrial Average falling back 377.31 points, or 3.6% of value, to close at 10,071.25 points. Even as cru…
Activity down in US markets
U.S. stock markets climbed marginally higher during the April 5-11 period. The S&P 500 index rose 5.09 points to close at 1,181.21 and the Dow Jones Industrial Average rose 27.42 points to finish…
Mega copper merger gets green light
Shareholders of
Southern Peru Copper to become copper giant
Shareholders of Southern Peru Copper (PCU-N) have approved a merger with the mining arm of Grupo Mexico, Minera Mex…
Base metals gain
TORONTO STOCK EXCHANGE…
Markets up, miners follow
A quarter-point move in U.S. interest rates didn’t dampen enthusiasm on Wall Street in the reporting period Nov. 10-16. The Dow Jones Industrial Average, at 10,487.65, and the S&P 500, at 1,175.43, were both about 1% higher after generally buoyant…
Vote sparks markets
A strong rally on the Thursday following the U.S. election took American equity markets higher during the reporting period Nov. 3-9, with the Dow Jones Industrial Average gaining 3.5% to finish at 10,386.37 and the S&P 500 index up 3% at 1,164.08.
Metals bounce back
Despite a tough weekend, U.S. equity markets were little-changed over the report period Oct. 20-26. The Dow Jones Industrial Average was off 9.14 points at 9,888.48 and the S&P 500 rose 7.86 points to 1,111.09.