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COPPER-GOLD: Imperial Metals posts $28.6M loss in Q3
VANCOUVER – Imperial Metals (TSX: III) recorded a net loss in the third quarter of $28.6 million compared to a net loss of $1.6 million in the same quarter a year ago, with the increase primarily due to reduced income from…
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GOLD: Kinross on track for 2018 production and costs
TORONTO – Kinross Gold has released its third quarter results that indicate the company achieved solid production and generated a cash flow. Operations in Nevada, Brazil, Ghana and Russia all performed well, said the company. On the production side, the…
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GOLD: B2Gold hits record gold production in Q3
VANCOUVER – B2Gold produced a record 242,020 oz. of gold in 2018’s third quarter, 78% higher than in the same quarter of the previous year. It attributed its success to strong performances from the Kekola mine in Mali, the Masbate mine…
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OILSANDS: Suncor posts record quarterly operating income of $1.3B
CALGARY – Suncor Energy has posted a record $3.14 billion ($1.94 per share) for Q3 2018. Cash flow provided by operating activities was $4.37 billion ($2.70 per share) including changes in non-cash working capital. Operating earnings were $1.56 billion ($0.96…
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GOLD: Toronto miner’s gold production spikes 199%
AUSTRALIA – RNC Minerals announced a record quarterly gold production of 31,360 mined gold ounces in the third quarter of 2018. According to the company, such production represents a 199% increase when compared to the third quarter of 2017 and…
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Cameco reports $50M loss as uranium languishes
VANCOUVER — Canada’s Cameco (TSX: CCO; NYSE: CCJ) is in damage control amidst the worst uranium market in over a decade. The company’s underwhelming third-quarter results were plagued by a 20% year-on-year drop in spot U3O8 prices, and production delays at its Key…
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PALLADIUM: NAP returns to profitability in Q2
TORONTO – This year’s second quarter marked the return to profitability for North American Palladium (NAP) since financial restructuring in mid-2015. Net income was C$7.9 million due to higher metal production (up 41%) and improved prices (up 43%) compared to…
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Q2 review of Canada’s largest gold producers
VANCOUVER — The Northern Miner presents a round-up of second quarter results from Canada’s largest gold producers by market capitalization, namely: Barrick Gold (TSX: ABX; NYSE: ABX); Agnico Eagle Mines (TSX: AEM; NYSE: AEM); and Goldcorp (TSX: G; NYSE: GG). The review includes a summary of financial results,…
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COAL, COPPER, ZINC: Teck takes write offs, records quarterly loss
VANCOUVER – Third quarter results have not been kind to Teck Resources. The company took impairment charges totalling $2.2 billion after taxes. That amounts to $1.5 billion on metallurgical coal assets, $300 billion on copper, $19 million on zinc, and…
