Roca Mines Inc. has released its unaudited financial results for the three and nine month periods ended May 31, 2009, including output and sales from the MAX molybdenum mine located in British Columbia, Canada. All dollar amounts are stated in Canadian dollars unless otherwise indicated. For full story, click here
Thompson Creek Metals Company Inc., one of the world’s leading publicly traded, pure molybdenum producers, has scheduled a conference call for analysts and investors to discuss its second-quarter 2009 financial results on Friday, August 7, 2009 at 8:30 a.m. A news release on the results will be issued after markets close on August 6. For [...]
Creston Moly Corp. declared that it has issued 13,050,000 units at a price of $0.10 per Unit for gross proceeds of $1,305,000. Each Unit consists of one common share of Creston and one non-transferable share purchase warrant. For full story, click here
CIBC has revised its molybdenum forecast to reflect higher prices going forward. The 2009 forecast was raised 10% to $11 per pound, the 2010 forecast was raised 33% to $16 per pound, and the long-term forecast was raised about 17% to $14 per pound. For full story, click here
Ferro-molybdenum and molybdic oxide continued their rally this past week, as frightening low stockpiles have traders worried that if the purchases accelerate, there simply won’t be enough moly to go around.
China Molybdenum Co Ltd declared that its first-half net profit is expected to fall significantly, hit by lower prices for its products because of the global financial crisis. For full story, click here
Molybdenum prices have averaged slightly more than $9/lb so far this year but an analysis by J.P. Morgan Securities warns “expect moly prices to close in on $15/lb over the next several months and to average $18/lb in 2010. For full story, click here
Avanti Mining Inc. declared that the expiration date for its approximately 34 million outstanding warrants, dated as of August 15, 2007, will be extended through Monday, August 17, 2009. For full story, click here
Investment holding company Sprott Molybdenum Participation Corp. has declared that it has given C$1.76 and a new common share for each share held to stockholders as per a planned distribution of assets and revamped its board. For full story, click here
Molybdenum prices in the United States have shot up by a dollar or so in the past week as purchasers and sellers gripe about how difficult it is to get their hands on replacement material. For full story, click here
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