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GOLD: Detour’s 2018 output tops 620,000 oz.
TORONTO – Detour Gold Corp. enjoyed a strong fourth quarter – with record output of 158,200 oz. – bringing the 2018 total to 621,128 oz. of gold. The total was 9% more than for 2017. The average mining rate was…
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GOLD: Iamgold expects lower production, higher costs in 2019
TORONTO – Iamgold expects to produce fewer gold ounces while incurring higher all in sustaining costs and total cash costs in 2019 compared to 2018, the company said in its year end production results and 2019 guidance. Iamgold produced 882,000 attributable…
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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…
