Gold Sort of Shines (NEM, GG)
Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) both reported earnings this morning. Newmont had net income of $10 million ($0.02 EPS) on revenue of $1.342 billion. On a non-GAAP basis, Newmont…
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Newest first · Page 121Gold Miner Digs for Cash (AGT)
Canadian gold miner Apollo Gold Corp. (NYSE: AGT) is negotiating with its lenders for an additional $70 million to complete the company’s Black Fox project in Ontario. The company may make the deal, but…
Does Rio Tinto (RTP) Deal Put Alcoa (AA) In Play?
The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (TRP). A billion dollars of the cash will go to buying back a piece of RTP…
Fired For Lying About Degrees (IPI)
Intrepid Potash, Inc. (NYSE:IPI) has announced that President and Chief Operating Officer, Patrick L. Avery, is leaving the company. This isn’t over management performance or over company developments. He apparently was “mistaken” about a…
ArcelorMittal Posts First Loss (MT)
Results from the world’s largest steelmaker, ArcelorMittal (NYSE:MT), could have been worse, but it’s hard to see how. For the fourth quarter, the company posted a loss of $2.63 billion (EPS of -$1.93) on…
Patriot Beats Low Expectations (PCX, BTU, ACI, CNX)
Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc. (NYSE:ACI) and CONSOL Energy…
Rohm And Haas (ROH) Back On Track?
It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early read on the merger…
Gold Miner’s Shares Rise on Loss (AU)
South African gold miner AngloGold Ashanti Ltd. (NYSE:AU) shares are up about 1.5% this morning after the company reported a quarterly net loss of $17 million. The loss was primarily attributed to a write-down…
Has Gold Peaked? (ABX, GG, NEM, AU, GLD, GTU, DGL, IAU)
When the going gets tough, the tough go for gold. That’s historically the way it’s worked out. And the going is definitely tough now. So what about gold? Is it going up or down?…
Platinum & Gold Prices Converge
Over the past year, platinum prices have fallen from a high around $2,250/ounce to about $955/ounce. Gold has also dropped from its high of about $1,000/ounce to just below $900/ounce. That’s not good news…
Peabody Loving Coal (BTU, KOL)
Peabody Energy Corporation (NYSE:BTU) reported a huge fourth quarter this morning, and the stock is up around 12% as a result. For the full 2008 fiscal year, Peabody reported EPS of $3.63 on income…
Freeport-McMoRan Wins By Losing (FCX)
Copper and gold miner Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX) reported a net loss of $13.9 billion for the fourth quarter of 2008, a whopping -$36.78 EPS. But wait, there’s more: the company’s net…
Gold Rises, But What About Gold Stocks? (ABX, NEM, NG, VGZ)
Gold prices have risen more than $100/ounce in the past two weeks, but this has done little for many of the larger gold companies. We took a look at Barrick Gold Corporation (NYSE:ABX), NewmontMining…
Alcoa Enters the Rust Business (AA)
Alcoa Inc. (NYSE: AA) posted earnings excludling one-time items of -$0.28 EPS on revenue of $5.69 billion. This compares with First Call estimates of -$0.11 EPS on $5.18 billion in revenues. Some of the…
Closing Down a Coal Mine (PCX, BTU)
Last Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia mine, so the announcement…