John Tumazos’ Research

Dec 11, 2018 –  Alcoa Alumina Forecasts Maintained but Ingot Forecasts Cut

Dec 10, 2018 –  BHP Group Returns $10.4 Bn in Capital from Oil & Gas Asset Sales; Disdains "Procyclical" Investments

Dec 07, 2018 –  Domtar Considers Between White Paper, Pulp & Containerboard Product Mix Paths

Dec 05, 2018 –  Rio Tinto: Distribution of Next $4 Bn in Grasberg & Dunkerque Proceeds & Next Big CapEx Projects for 2019

Dec 03, 2018 –  Detour Gold: Tossing a Coin - to Vote for Management Board Slate or Simply Sell Shares and Move On

Dec 02, 2018 –  Metals Expansions

Nov 30, 2018 –  Pan America Silver: Cash Flows Discounted at 11.5% Rate with 58% of EBITDA Exposed to Mining Law Reform

Nov 30, 2018 –  South32: Short Term Suffers Softer Selling Prices, Long Term Better with Taylor Mine, Eagle Downs, Buybacks

Nov 24, 2018 – BHP Group Returns $10.4 Bn in Capital from Oil & Gas Asset Sales

Nov 23, 2018 – Spot Markets

Nov 19, 2018 – Barrick Gold Integration with Randgold May Tighten Criteria & Focus on Winners

Nov 16, 2018 – Sandstorm Gold Ups Ante

Nov 16, 2018 – Royal Gold Net Debt Lowered and Key Assets Updated

Nov 16, 2018 – Pan American Silver - Initiating Coverage

Nov 13, 2018 – Westrock to Increase CapEx 50% in 2019

Nov 13, 2018 – U.S. Steel Higher 2019 Contract Prices and Costs

Nov 13, 2018 – Metals Market Impacted by Several Political Event Variables

Nov 12, 2018 – Tahoe Resources: Guatemalan Consultation to Begin, Gold Mine Output & Costs Below Guidance