Mining Industry Market Reports

Teck Resources Ltd. maintains it has no plans to cut its $510-million dividend, even as investors send its yield to sky-high levels. The Vancouver-based miner’s stock has been in freefall recently, dropping 36% in the past three weeks amid tumbling oil prices and continued weakness in coking coal prices. That…
BHP Billiton PLC was downgraded at RBC Capital Markets as a result of its challenging cash flow outlook and doubts about the South32 spinoff. Analyst Timothy Huff lowered his rating on the stock to underperform from sector perform and cut his price target to £1,500 from £1,800. He noted that…
For a long time, “hedging” was a very bad word in the gold mining business. But hedging has enjoyed a small-scale revival as prices plummet back to earth. However, activity was muted in the third quarter. A new report by Societe Generale and Thompson Reuters GFMS found that gold producer…
TORONTO • In the short-term, the diplomatic breakthrough between the United States and Cuba changes very little for Sherritt International Corp. and the dozens of other Canadian companies active in Cuba. But a potential lifting of the U.S. embargo would have a transformative impact on them. Sherritt’s stock jumped more…
Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been invested in exploration for the metal at Mpopo in the southern Huila…
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