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Teck Resources' (TECK) both first quarter top and bottom lines bear the brunt of lower commodity prices on account of the coronavirus pandemic.
Vale (VALE) cut production forecast of iron ore fines and pellets, copper and nickel in 2020, while withdrawing the same for coal, citing coronavirus induced uncertainty.
Per Freeport (FCX), Cerro Verde is reviewing health guidelines with the Peruvian government in order to return to normal operations as quickly as possible.
Yamana's (AUY) Jacobina, Minera Florida and El Penon have delivered better-than-expected production in the first quarter. Also, Cerro Moro is resuming normal operations.
The Zacks Analyst Blog Highlights: Franco-Nevada, Alamos Gold, Barrick Gold, DRDGOLD and NovaGold Resources
Allegheny's (ATI) A&T Stainless JV does not have any viable alternative to imports and suffers unsustainable losses due to Section 232 tariffs.
U.S. Silica's (SLCA) latest move is in response to the decrease in oil prices as well as an expected decline in drilling and completion activities in North American shale.
Freeport (FCX) is reviewing its global copper and molybdenum operations to reduce costs and capital expenditure, and achieve the maximum cash flow in the current market conditions.
B2Gold (BTG) suspends mining at Masbate mine in the Philippines owing to temporary shortage of fuel thanks to new regulations imposed by the Philippine Government.
Vale S.A (VALE) states that it will continue to operate Malaysia-based Teluk Rubiah Maritime Terminal, which shipped 23.7 Mt of iron ore in 2019.
Nucor (NUE) expects earnings in the steel mills unit to sequentially increase in Q1 on the back of increased volumes and higher average selling prices.
Higher shipments across the platform, especially long products steel group, are expected to support Steel Dynamics' (STLD) Q1 earnings.