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Jiangxi Copper Co Ltd’s (HKG:0358) Self-Sufficiency Ratio to Come Down

April 24, 2014

Morningstar Analyst Zhao Hu believes Jiangxi Copper Co Ltd’s (HKG:0358) self-sufficiency will be lower this year. He says the decrease will be due in part to the fact that the company is owned by the provincial government, which he says is designed to maximize size and tax revenue, but not returns and economic profit. “So what that means is they are going to continue to expand its copper refining and smelting business in order to sustain leading market shares of refined copper in China,” Hu says. “But as we know, refinery does not make a very good return or profits on its investments compare to its mining business, so as China consumes more and more copper, the company is going to build more and more refineries...
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Exploration Success Likely for Rio Alto Mining Ltd (RIOM)

April 24, 2014

Rio Alto Mining Ltd (RIO) is poised for success in exploration, according to Raymond James & Associates Analyst Adam Low. He says the outlook for the company’s La Arena mine in northern Peru is promising. “They are producing about 200,000 ounces of gold per year at all-in sustaining cash costs in the range of about $700 to $800 per ounce. So they are making very good cash flow right now,” Low says. “And the mine is actually becoming more efficient. Later on this year, they are going to be completing the installation of a connection to the electrical grid in Peru, which will allow them to source much cheaper power than they’re currently getting from their diesel generators that they have on-site...
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Stillwater Mining Company’s (SWC) Recycling Business Generates Strong Margins

April 23, 2014

Stillwater Mining Company CEO Mick McMullen says Wall Street doesn’t fully appreciate the value of his company’s smelter and recycling business. He says that segment of the business generates good margins, is low-risk and can be easily expanded. “We do have the second world-class asset in the form of the smelter and recycling business, which historically, the revenue from that has just been portrayed as a credit against the mine operations,” McMullen says. “They are actually two separate businesses.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. The investment community also tends to misunderstand the labor intensity of Stillwater’s mining operations, McMullen says...
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Endeavour Silver Corp (EXK) Can Double EBITDA for Every 25% Move in Silver Prices

April 23, 2014

Bradford Cooke, Founder and CEO of Endeavour Silver Corp (EXK), says he believes 2014 could be a turnaround year for precious metals. He says that will bode well for his company and its shareholders. “Endeavour is one of the most leveraged of the silver producers, and for every $1 move in the price of silver, we could see an $11 million increase in our annual earnings before tax, EBITDA,” Cooke says. “That means we can potentially double our EBITDA for every 25% move in the price of silver.” FOR MORE INFORMATION ON THIS INTERVIEW CLICK HERE. Cooke says Endeavour Silver Corp is forecasting three years of organic growth, which he says will create shareholder value...
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RTI International Metals, Inc. (RTI) Margins Protected Against Decreased Defense Spending

April 22, 2014

RTI International Metals, Inc. (RTI) CEO Dawne Hickton says the company prepared itself for domestic budget cuts and lower defense spending. In addition to supplying titanium mill products and specialty metal components to the aerospace & defense sector, RTI International also serves the energy and medical device markets. “At one point in time, if you went back four years, the defense portion of our business was almost 40% of what we were doing. Now, that included aircraft as well as armored vehicles and cannons and tanks. In fact, we today still supply on the M777 howitzer,” Hickton says. “But as we saw the writing on the wall with the reducing defense budgets, we really focused on trying to diversify ourselves...
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