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Performance of Companies in the Metals and Mining Sector on August 16

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Aug. 16 2016, Published 4:58 p.m. ET

Performance of miners of base metals and precious metals on August 16

On Tuesday, August 16, the stocks related to base metals gained whereas the precious metal–related stocks remain stable. At 3:00 PM EDT, the PowerShares DB Base Metals ETF (DBB) gained ~0.44% and the SPDR S&P Metals & Mining ETF (XME) fell by ~0.57%. The SPDR Gold Shares ETF (GLD) gained ~0.82%.

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BHP Billiton announces huge loss for 2015–2016

BHP Billiton (BHP), the Anglo-Australian multinational miner, announced a huge annual loss on Tuesday, August 16. According to BHP Billiton, the annual net loss for 2015–2016 through June was ~$6.4 billion.

According to the miner, this huge loss occurred mainly due to the write-downs of its US Shale division and the costs stemming from the Samarco dam disaster. Because of the weaker commodities, the net profit excluding the charge and write-downs fell by 81% to $1.2 billion from $6.4 billion recorded a year ago.

Since the beginning of 2016, BHP Billiton gained about ~22%. At 11:40 AM EDT on Tuesday, August 16, BHP Billiton was trading at $31.63, a gain of ~1.4%.

Top five performers in the gold industry

Below are the top five companies in the gold industry on Tuesday, August 16, at 3:45 PM EDT.

  • Almaden Minerals (AAU) rose by ~4.9%
  • International Tower Hill Mines (THM) rose by ~3.5%
  • Gold Standard Ventures (GSV) rose by ~4%
  • Vista Gold (VGZ) rose by ~1.8%
  • McEwen Mining (MUX) rose by ~2.5%

Bottom five performers in the gold industry

Below are the bottom five companies in the gold industry on Tuesday, August 16, at 3:45 PM EDT.

  • DRD Gold (DRD) fell by ~2.9%
  • Tanzanian Royalty Exploration (TRX) fell by ~2.7%
  • Comstock Mining (LODE) fell by ~4.3%
  • Solitario Exploration & Royalty (XPL) fell by ~5.6%
  • Minco Gold (MGH) fell by ~4.5%
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