Base Metal Stocks

[Saoirse]

Let's assemble an extensive list of stocks (w/ company names) for base metals.

I'll start:

FCX - Freeport-McMoRan Copper & Gold Inc.

[Victor]

BHP and RTP are two big time players. DBB is a base metal ETF....

[Mined Games]

I like Taseko Mines. Small producer with operations in Canada. Ticker symbol TGB. Mostly a copper producer. Should do really well once copper gets back into the $4 range.

[____hoot____]

Fact's olde fav in Canada QUA is 2/3 copper 1/3 gold on their main mine and copper on their start-up. P/E around 10 right now; will go where copper goes.

[AGRO]

Great thread!

I will be doing some research as well. I am thinking some of the larger mining operations / refiners, etc. may be great for the long term.

Another outlet to stake your claim.

[AGRO]

Let's assemble an extensive list of stocks (w/ company names) for base metals.

I'll start:

FCX - Freeport-McMoRan Copper & Gold Inc.
http://www.fcx.com/
This company is enormous! I am liking them as a pick.

Freeport-McMoRan Copper & Gold Inc. (FCX) is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum. The company’s portfolio of assets includes the Grasberg mining complex, the world's largest copper and gold mine in terms of recoverable reserves; significant mining operations in the Americas, including the large scale Morenci/Safford minerals district in North America and the Cerro Verde and El Abra operations in South America; and the potential world-class Tenke Fungurume development project in the Democratic Republic of Congo.

As an industry leader, we demonstrate proven expertise in both technology and production methods, which consist of open-pit mining, SX/EW production technology, block cave underground mining, and copper concentrate leaching.

he metals we mine and refine are essential for both industrialized and developing economies.

We are the world’s largest publicly owned copper company, the world’s leading producer of molybdenum and a significant producer of gold. Our size gives us the advantage of greater profitability by means of volume and operating efficiency. Our financial strength also makes it more affordable to discover and develop new deposits and increase reserves – especially compared to companies with fewer properties.

Freeport-McMoRan Copper & Gold is a member of the S&P 500 Stock Index, ranks 140th in the Fortune 500, and ranks 378th in the FT Global 500.
http://www.fcx.com/art/photo_op45.jpg

Ops overview
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX has a dynamic portfolio of operating, expansion and growth projects in the copper industry and is the world’s largest producer of molybdenum.

The company’s portfolio of assets includes the Grasberg mining complex, the world’s largest copper and gold mine in terms of recoverable reserves, significant mining operations in the Americas, including the large scale Morenci and Safford minerals districts in North America and the Cerro Verde and El Abra operations in South America, and the potential world-class Tenke Fungurume development project in the Democratic Republic of Congo.





Freeport-McMoRan Copper & Gold 1
Financial Contacts: Media Contact:
Kathleen L. Quirk David P. Joint William L. Collier
(602) 366-8016 (504) 582-4203 (504) 582-1750
One North Central Avenue Phoenix, AZ 85004
Freeport-McMoRan Copper & Gold Inc. Reports
First-Quarter 2009 Results

Net income applicable to common stock for first-quarter 2009 was $43 million, $0.11 per share, compared
with net income applicable to common stock of $1.1 billion, $2.64 per share, for first-quarter 2008.

Consolidated sales from mines for first-quarter 2009 totaled 1.0 billion pounds of copper, 545 thousand
ounces of gold and 10 million pounds of molybdenum, compared with 911 million pounds of copper, 280
thousand ounces of gold and 20 million pounds of molybdenum for first-quarter 2008.

Consolidated sales from mines are expected to approximate 3.9 billion pounds of copper, 2.3 million ounces
of gold and 50 million pounds of molybdenum for the year 2009, including 955 million pounds of copper, 650
thousand ounces of gold and 11 million pounds of molybdenum for second-quarter 2009.

Consolidated unit net cash costs (net of by-product credits) averaged $0.66 per pound for first-quarter
2009 compared with $1.06 per pound in the first quarter of 2008. Assuming average prices of $900 per ounce
for gold and $8 per pound for molybdenum for the remainder of 2009, consolidated unit net cash costs are
estimated to average approximately $0.70 per pound for the year 2009.

Operating cash flows totaled a use of $258 million for first-quarter 2009, including $919 million in working
capital uses primarily associated with the timing of settlements with customers on prior year provisionally
priced sales. Using estimated sales volumes and assuming average prices of $2.00 per pound for copper, $900
per ounce for gold and $8 per pound for molybdenum for the remainder of 2009, operating cash flows in 2009
would approximate $2.5 billion, net of $0.6 billion in working capital requirements.

Capital expenditures totaled $519 million for first-quarter 2009, with nearly 50 percent related to the initial
development of the Tenke Fungurume project, which is nearing completion. FCX currently expects capital
expenditures to approximate $1.3 billion for 2009, including sustaining capital of $0.6 billion and $0.7 billion for
major projects. Capital spending plans continue to be reviewed and may be revised based on market
conditions.

Tenke Fungurume produced its first copper cathode in late March 2009. Construction activities for the
initial development project are nearing completion and commissioning activities are under way. FCX expects to
ramp up to full annual capacity approximating 250 million pounds of copper and 18 million pounds of cobalt in
the second half of 2009.

Total debt approximated $7.2 billion and consolidated cash was $644 million at March 31, 2009. There
were no amounts borrowed under FCX’s $1.5 billion revolving credit facility at March 31, 2009.

In February 2009, FCX sold 26.8 million shares of its common stock at an average price of $28 per
share, generating net proceeds of $740 million after fees and expenses.

[AGRO]

-----------Company Name---------------------Mkt Cap

FCX Freeport-McMoRan Copper-----------23.71B
RTP Rio Tinto plc (ADR)------------------68.60B
NEM Newmont Mining Corp----------------20.51B
ROY Intl. Royalty Corp-------------------272.33M
VGZ Vista Gold Corp----------------------60.33M
IVN Ivanhoe Mines Ltd. (USA)-------------2.93B
PCU Southern Copper Corp---------------20.25B
XPL Solitario Exploration-----------------60.10M
AGT Apollo Gold Corp. (USA)-------------98.20M
MMG Metalline Mining Company-----------11.41M
CDE Coeur d'Alene Mines Corp----------887.41M

[AGRO]

Does anyone own / trade FCX?

[andial]

I sold all my CMC stock today. Thinking it's run has gone stale.

http://finance.yahoo.com/q?s=CMC

[tanner12oz]

VALE

nice name....use to trade under the ticker RIO but switched recently to VALE..

[Saoirse]

(Shameless bump)

So how do base metal stocks look in the short term?

[Saoirse]

Looks like copper just shot up like .05 cents a pound a few minutes ago in China trading!

What's going on?

PS - any updates on the copper stocks? How's FCX and TGB looking? Any others since this thread was started?