Articles Tagged "United States"

Half of US Fracking Companies Will Be Sold Off or Closed by End of the Year

Gas – The Financial Post reported that half of the 41 fracking companies in the US will be dead or sold by the end of the year due to the huge decrease in spending by oil companies, according to an executive with Weatherford International Plc (NYSE:WFT).

Silver Price Drops on US Housing Data; Still Waiting on Grexit

Silver – Silver may have been the best-performing precious metal during 2015's first quarter, but April hasn't treated it overly well.

Gold Price at Three-week Low as US Housing Market Gains Strength

Gold – Gold has been having a tough time as of late, with gold futures closing Wednesday at $1,187 per ounce, a three-week low. The downward price pressure has been attributed to a US existing homes sales report.

Formation Metals Confident in Idaho Cobalt Project After PEA Release

Cobalt – Life-of-mine gross revenue is pegged at $983 million, with life-of-mine net after-tax cash flow clocking in at $258 million. Meanwhile, the operation's pre-tax net present value is set at $148 million at an 8-percent discount, with an internal rate of return of 27.7 percent, while its post-tax net present value, also at an 8-percent discount, is estimated at $113 million with an internal rate of return of 24.07 percent.