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GOLD: KLGold breaks records with Q3 results
TORONTO – High grade gold miner Kirkland Lake Gold has posted record cash flows and net earnings – $0.84 per share – for Q3 2019 (all figures U.S. dollars). The company credits strong production growth and better unit costs. Net…
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ZINC-LEAD-SILVER: Trevali reports record quarterly zinc production
VANCOUVER – Trevali Mining Corp. released Q3 financial and operating results from its operations located in Canada, South America and Africa. Q3 zinc production came in at 106.8 million pounds payable, a new record for the company and a slight…
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GOLD-COPPER: Azimut, SOQUEM discover multiple new zones at Rex project
QUEBEC – Montreal-based Azimut Exploration and strategic partner SOQUEM report drilling multiple new gold-copper zones of mineralization on the Rex-Duquet property in Nunavik. SOQUEM supplied $4 million for work at the site, and Azimut is the operator. Azimut believes work…
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OILSANDS: Suncor Q3 results fall off
CALGARY – The waning fortunes of the petroleum industry are reflected in Suncor Energy’s Q3 2019 results. The company generated $2.7 billion from operations, down 17% from $3.1 billion during the same quarter in the previous year. Cash flow provided…
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DIAMONDS: Stornoway still seeking partner to ease finances
QUEBEC – Stornoway Diamond Corp. of Montreal released its Q2 2019 report and repeated its plea for a partner or buyer for the money-losing Renard mine 350 km north of Chibougamau. The company began the hunt for a buyer or…
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GOLD: Barrick has strong Q2, sees annual production at top of guidance
TORONTO – Barrick Gold dropped its Q2 numbers on Aug. 12 with gains in revenue, net earnings, as well as production of both gold and copper. Even all-in sustaining costs, which at $869 per oz. of gold, were up 5%…
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GOLD: Kirkland Lake posts glowing Q2 with more ounces, less cost
TORONTO – Kirkland Lake Gold wrapped up Q2 2019 with more gold, strong net earnings, revenue growth, and solid cash flow in the second quarter of this year. Gold production in Q2 2019 was 214,593 oz., up 31% from 164,685…
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LITHIUM: Nemaska Lithium Provides Whabouchi Project Update
Nemaska Lithium Inc. provided an update on the overall Whabouchi project and disclosed its quarterly financials. “We have made good overall progress during the past months on both the construction at the Whabouchi mine and the detailed engineering at the…
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FINANCIAL: Gross revenue for BC miners hits a record high of $12.3 billion
VANCOUVER – The BC mining sector posted positive results for the second consecutive year, coming after a period of lower commodity prices and reduced activity. According to PwC Canada’s BC Mine report, prices for most metals and minerals produced in the province improved in…
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GOLD: Record earnings, free cash flow for KLGold in Q1
TORONTO – According to Q1 results, Kirkland Lake Gold is headed for a profitable 2019. The company said its cash position was up 25% to reach $83.9 million (figures in U.S. dollars). Operating cash flow grew 95% to $174.4 million,…
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GOLD: Iamgold generates Q1 revenue of $250M
TORONTO – Iamgold Corp. sold 190,000 oz. of gold in the quarter ended March 31, 2019, for revenues of $251 million (all figures U.S. dollars), but still recorded a net loss attributable to equity holders of $41.3 million. All-in sustaining…
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GOLD: TMAC enjoys first positive earnings in Q1
TORONTO – TMAC Resources has recorded its first positive earnings for Q1 2019. The quarterly revenue was C$67.9 million (compared to C$33.0 million in the same quarter a year earlier). That translated into a comprehensive profit of C$7.2 million for…
