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Kirkland Lake earnings boosted by Detour mine
Kirkland Lake Gold‘s (TSX: Kl; NYSE: KL; ASX: KLA) acquisition of Detour Gold and its Detour Lake mine in Ontario earlier this year now accounts for more than 40% of the company’s 2020 free cash flow. “We are extremely pleased…
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Kinross shares up on Q3 results
Kinross Gold reported production of 603,312 attributable gold-equivalent oz. in the third quarter of 2020, compared with 608,033 gold-equivalent oz. over that same period last year. According to the company, the decrease was largely due to lower production at Paracatu, Maricunga…
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Mountain Province sees ‘positive momentum’ in battered diamond market
Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49% stake in the Gahcho Kué mine in the Northwest Territories, says…
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Franco-Nevada posts record revenues, income
With most major mining assets back up and running after COVID-related stoppages earlier this year, and amidst strong commodity prices, royalty company Franco-Nevada has reported record third-quarter financial results. These include new records in revenues recorded, at US$279.8 million, adjusted…
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GOLD: Falling peso affects Torex’s Q1
TORONTO – A “wild swing” in the Mexican peso weighed on Torex Gold‘s first quarter, despite solid production of 108,537 oz. gold at the company’s El Limon Guajes mining complex in Guerrero state. In a release, Torex president and CEO…
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COPPER-ZINC: Hudbay Q3 results on track to meet 2019 production guidance
TORONTO – Hudbay Minerals reported Q3 operating and financial results which put it on track to meet its 2019 production guidance. Company wide Q3 copper production came in at 36,422 tonnes with an additional 28,639 tonnes of zinc as well…
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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%…
