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The company confirmed last month that its Thompson Creek moly mine will be put on care and maintenance at the end of the year, then said Wednesday that operations at Endako, a moly mine it has a 75-percent stake in, will be suspended at the same time.
Oil prices have taken a dive this year, and far from occurring in a vacuum, that poor performance is likely to have a ripple effect on other commodities. Copper, which has been sitting below the $3 mark lately, is just one metal that could be vulnerable to the effects of weak oil prices.
A report prepared for the Silver Institute by CRU Consulting states that total silver industrial demand is set to grow 27 percent through to 2018 from 2013 levels. That equates to an additional 142 million ounces of silver demand.
Encouragingly, Scotiabank's Patricia Mohr believes prices for the fuel have already bottomed.
After releasing a set of positive results in early September, the company came back with more high-grade intercepts this week.
Though the white metal spent Monday hovering at around $16.30 per ounce, it took a big leap Tuesday morning, shooting up as high as $17.15.
After languishing just below the $1,200 level in recent weeks, gold is off to more than a running start this week. The yellow metal hit $1,233.10 as of 10:20 a.m. EST on Tuesday.
Oil's fall Monday to a five-year low helped push the S&P/TSX Composite index to its worst close ever. But there may be a bright side.
Juniors are usually responsible for discoveries and early stage exploration, but 2014 has seen bigger miners spend their fair share on exploration as well.
Potash Investing News examines 2014 and sees what 2015 has in store for those operating in the potash market. Overall, Spencer Churchill, an analyst with Paradigm Capital, envisions supply and demand staying relatively steady into next year.