- Write by:
-
Thursday, April 22, 2021 - 17:40:38
-
494 Visit
-
Print
Mining News Pro - Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the red metal from improving global economic recovery prospects.
Benchmark prices for copper, widely used in power and construction, hit a nine-and-a-half year high of $9 617/t on the London Metal Exchange on February 25, within striking distance of the all-time peak of $10 190 set in 2011.
The average price Freeport received for per pound of the metal rose 62% in the quarter, while production increased about 24% to 910-million pounds.
Gold output also jumped over 90% to 297 000 oz. The company posted a net income attributable of $718-million, or 48c a share, for the three months ended March 31, compared with a loss of $491-million, or 34c a share, a year earlier.
Short Link:
https://www.miningnews.ir/En/News/612242
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
Canadian miner First Quantum Minerals (TSX: FM) believes it will be able to take the already mined 121,000 tonnes of ...
Canadian miner First Quantum Minerals said on Tuesday that it has cut its debt by $1.14 billion in the first quarter.
Chile is expected to produce a record 5.8 million metric tons of copper in 2025, the state-run Chilean Copper Commission ...
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
No comments have been posted yet ...