mining

Barrick Gold Corp (NYSE:GOLD) recently reported its first-quarter (Q1) earnings, surpassing Street estimates and offering a positive outlook for the future. Strong Q1 Financial Performance and Outlook In Q1 2024, Barrick reported adjusted EPS of $0.19, beating the $0.15 estimate. Sales of $2.747...

Top Stories for May 1, 2024: 1. IperionX (NASDAQ:IPX) and Vegas Fastener Manufacturing have partnered to develop and manufacture titanium alloy fasteners and precision components for critical sectors, including the U.S. Army Ground Vehicle Systems Center.  This collaboration aims to create products...

ATI (NYSE:ATI): The Dallas-based company reported first-quarter (Q1) revenue of $1.04 billion in 2024. Net income hovered at around $66 million (or 46 cents per share).  Aerospace and defense sales rose to $616 million, driving a 7% year-over-year growth.  Adjusted net income was $68.4...

As April comes to a close, it’s time to compile the rankings for the top-performing sector and industry exchange-traded funds of the month. Taking a broader look at the stock market, the S&P 500 Index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), finished April on a downturn...

First Quantum Minerals (OTCPK: FQVLF) is shutting down the Ravensthorpe nickel mine in Western Australia. The closure follows months of production suspension. First Quantum’s original plan to process stockpiles and consider resuming mining by 2025 has been scrapped. The company blamed...

Top Stories for April 26, 2024: Anglo American (OTC:AAUKF) rejected the $39-billion all-share takeover bid from BHP Group (NYSE:BHP), calling it “highly unattractive” and undervalued.  The offer included conditions like demerging Anglo American's stakes in Amplats and Kumba Iron...

Activist investor Elliott Management has quietly built a $1 billion stake in Anglo American (OTCQX:NGLOY), adding pressure to the UK-listed mining giant after it became the target of a $39 billion takeover bid from BHP Group (NYSE:BHP). This development emerged after Anglo American's board rejected...

Top Stories for April 25, 2024: 1. Reliance (NYSE:RS) reported Q1 results with net sales of $3.64 billion and a 10.3% increase in tons sold.  The company recorded a gross profit margin of 31% and earnings per share (EPS) of $5.23, with a non-GAAP EPS of $5.30.  Reliance also completed the...

Anglo American (OTCQX:NGLOY) rebuffed a $39-billion takeover proposal from BHP Group (NYSE:BHP), dismissing the offer as "highly unattractive." What Happened: BHP’s bid, announced Thursday, April 25, involved an all-share offer. One of the conditions requires Anglo American to complete two...

Australian multinational miner BHP Group's (NYSE:BHP) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion...

Newmont Corp. (NYSE:NEM), the world’s largest gold miner, saw its share price spike 13% on Thursday after the Denver-based company posted stronger-than-expected earnings. This ignited a broad-based rally in the gold mining industry, despite the overall weak investor sentiment elsewhere....

Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase for the U...

Standard Lithium (AMEX:SLI) has commissioned the largest continuously operating direct lithium extraction (DLE) unit in North America, taking a significant step towards establishing the company as a major sustainable lithium producer. The unit is part of the company’s demonstration plant...

Nigeria has taken a significant step to revitalize its mining sector by revoking over 900 dormant mining titles. What Happened: A sweeping measure will target titles that have remained inactive for extended periods. The aim is to curb illicit practices and attract new investors to Nigeria’s...

Top Stories for April 24, 2024: American Battery Technology (NASDAQ:ABAT) updated its initial assessment for the Tonopah Flats Lithium Project (TFLP). It refined the project’s scope to use only measured and indicated mineral resources, excluding the more speculative inferred resources....