Corn Brings the Death of Food Inflation
ThinkstockIf you have been paying attention to consumer prices and producer prices of late, the drop in the price of oil and other energy related items has been keeping a very tight lid on…
Commodities & Metals
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Newest first · Page 66Platinum Miner Shareholders Elect Former Montana Governor to Board
ThinkstockThe Clinton Group, a hedge fund with a stake of slightly more than 1%, succeeded last night in electing four of its nominees to the board of Stillwater Mining Co. (NYSE: SWC). Among the…
Glencore Xstrata Gets Down to Business — Firings Imminent
ThinkstockThe completion of the $76 billion merger yesterday between Glencore International plc and Xstrata plc created a new company called Glencore Xstrata plc with 190,000 employees scattered in 50 countries. One of the first…
Gold Miner and Royalty Woes Continue
ThinkstockThis morning, Royal Gold Inc. (NASDAQ: RGLD) was the latest gold player to report its corporate earnings. The good news is that the gold company revenues and earnings were up. The bad news is that it…
Glencore, Xstrata Merger Now Complete
ThinkstockAfter more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a new name later today,…
Goldcorp Earnings Fall Short; Company Reaffirms Annual Guidance
ThinkstockGoldcorp Inc. (NYSE: GG) reported first-quarter 2013 earnings before markets opened this morning. The gold miner posted adjusted earnings per share (EPS) of $0.31 on revenues of $1.02 billion. In the same period a…
Coal Miner Expects Continued Weakness in Demand
ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported first-quarter 2013 results before markets opened this morning. The coal miner posted an adjusted diluted earnings per share (EPS) loss for the quarter of $0.47 on revenues…
Gold Miner Allied Nevada Scores $150 Million in Secondary Offering
ThinkstockJunior gold miner Allied Nevada Gold Corp. (NYSEMKT: ANV) announced this morning the purchase of 14 million shares of the company’s common stock by a syndicate of underwriters led by Dundee Securities and including…
Gold Miner Takes Corporate Credit Downgrade, Gold Price Risk
ThinkstockThe latest recovery in the price of gold is not helping gold miners as much as some investors might think. In fact. Moody’s Investors Service just issued a corporate credit rating downgrade on Barrick…
Potash Corp. Earnings Limited by Lower Margins
thinkstockPotash Corp. of Saskatchewan Inc. (NYSE: POT) reported first-quarter 2013 results before markets opened this morning. The fertilizer maker reported diluted earnings per share (EPS) of $0.63 on revenue of $2.1 billion. In the…
Barrick Gold Earnings Recover from Fourth-Quarter Debacle
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported first-quarter 2013 earnings before markets opened this morning. The gold miner posted adjusted earnings per share (EPS) of $0.92 on revenues of $3.44 billion. In the same period…
Arch Coal Expects Improved Shipments, Earnings in 2013
ThinkstockArch Coal Inc. (NYSE: ACI) reported first-quarter 2013 results before markets opened this morning. For the quarter, the coal miner posted an adjusted diluted earnings per share (EPS) loss of $0.34 on revenues of…
After Gold, Now Goldman Sachs Kills Copper Price Target
ThinkstockCopper is one of the metals that really matters at the street level of the global economy. The price of gold is much more exciting about the price of copper, but copper is used…
Gold Concern: Miners Lagging Price of Gold Metal on Upside
ThinkstockThe news flow over the weekend and on Monday helped to drive the price of gold higher after one monster sell-off this year. Reports of spot gold shortages and premiums being paid after the…
What Weak Caterpillar Outlook Means to Global Mining and Metals in 2013
ThinkstockIt was just at the end of last week that we gave a pre-earnings update for Caterpillar Inc. (NYSE: CAT) in our DJIA earnings season scorecard, warning that the market was expecting weakness. Caterpillar’s…