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THOMPSON CREEK METALS (TC $7.29, rated NEUTRAL; price target cut to $9/share from $15/share) HIGHER CAPITAL EXPENDITURE ESTIMATES AT BOTH ENDAKO AND MOUNT MILLIGAN COMBINED WITH HIGHER ESTIMATED OPERATING COSTS AT ENDAKO RAISE LIQUIDITY CONCERNS 2/29/2012

SPOT MARKETS IN BRIEF: MID-FEB CHINESE STEEL OUTPUT REMAINS LOW, CHILEAN COPPER OUTPUT IN JAN. FELL SHARPLY UNEXPECTEDLY AND COMBINED EXCHANGE INVENTORIES FELL A BIT LAST WEEK 3/4/2012

GENERAL MOLY INC. (GMO $3.20, Rating Maintained at UNDERWEIGHT, Price Target Lowered to $2 from $6); CONTINUED PERMITTING DELAYS and WATER RIGHTS APPEALS MAY PREVENT PROMPT STARTUP AT MOUNT HOPE PROJECT; NEW COMPLIANT RESERVES AT LIBERTY PROJECT MAKE A POSSIBLE …

GENERAL MOLY INC. (GMO $3.20, Rating Maintained at UNDERWEIGHT, Price Target Lowered to $2 from $6); CONTINUED PERMITTING DELAYS and WATER RIGHTS APPEALS MAY PREVENT PROMPT STARTUP AT MOUNT HOPE PROJECT; NEW COMPLIANT RESERVES AT LIBERTY PROJECT MAKE A POSSIBLE ALTERNATIVE TO FOCUS EFFORT ON 3/7/2012 Read more »

THOMPSON CREEK METALS (TC $6.91, rated NEUTRAL; price target $9) UNDERSTANDING CAPITAL OVERRUN RISKS IN NORTHERN BRITISH COLUMBIA ON A MORE GRANUAL SCALE 3/7/2012

BARRICK GOLD (ABX $45.80; rated Neutral with price target $55) GEOLOGICAL PAPER PRESENTED ON LUMWANA COPPER DEPOSITS IN ZAMBIA 3/8/2012

HUDBAY MINERALS (HBM US $11.85; Rating remains at Neutral; Price Target LOWERED from $16/share to $11/share) FUTURE CAPITAL EXPENDITURE ESTIMATES RAISED; CASH FLOW ASSUMPTIONS CHANGED AS A RESULT; 2012 GUIDANCE INCORPORATED INTO OUR MODELS; 3/13/2012

SEASONAL PEAK PASSES WITH LITTLE OR VERY MODEST GAINS 3/14/2012

AGNICO-EAGLE MINES (AEM $34.23, rated Overweight; price target cut to $40 from $80) CULTURAL AND MANAGEMENT CHANGES; LONG-TERM MODELS CUT AS MINE OUTPUT GUIDENCE CUT AT EACH LOCATION 3/16/2012

FREEPORT-McMORAN COPPER AND GOLD (FCX $38.56, rated Overweight, price target cut to $61 from $74) ESTIMATED GRASBERG PRODUCTION CUT; GOLD PRICES LOWERED; DEBT REFINANCING CUTS INTEREST EXPENSE 3/16/2012

COPPER INDUSTRY ANALYSIS OF THE STANDARD DEVIATION, MEAN, and COEFFICIENT OF VARIATION OF INDIVIDUAL COPPER MINES’ OUTPUT IN CHILE AND PERU 3/21/2012