Mixed results from metals producers

U.S. markets enjoyed a small boost over the March 13-19 report period, with the Dow Jones Industrial Average rising 2.9 points to finish at just over 10,635 and the Standard & Poor’s 500 adding 4.7 points to close at a little over 1,170.

In defiance of their product’s depreciation, U.S.-listed gold miners rose over the period: Newmont Mining, the world’s largest producer, climbed 44 to US$24.65; AngloGold edged ahead two pennies to $21.91; Compania de Minas Buenaventura rose 33 to US$22.04; and Gold Fields climbed 38 to US$8.44.

Silver producer Coeur d’Alene Mines joined its product in marching foward, rising three pennies to US$1.22. A deal with Toronto-listed Yamana Resources will see Coeur d’Alene acquire the high-grade Martha underground silver mine on the Bacon property in the southern Patagonia region of Argentina.

Among the base metal issues: Phelps Dodge was up 28 at US$42.17; Freeport-McMoran Copper & Gold‘s B series was up 32 at US$16.10; and Southern Peru Copper was up 45 at US$12.70. Overseas titans Rio Tinto and Anglo American were mixed, with the former springing forward 85 to US$84.25 and the latter slipping backward 38 to US$16.85.

Stillwater Mining jumped 42 to $18.74 as palladium gained $10 in overseas metal markets. Going the opposite way was Anglo American Platinum, the Western World’s largest platinum producer, which slipped 75 to $42.45 as its product retreated from the market.

Print

Be the first to comment on "Mixed results from metals producers"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close