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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…
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COAL-COPPER-ZINC: Teck’s Q1 in black, despite lower profits
VANCOUVER – Teck Resources has published its unaudited Q1 2019 financials that still show a healthy balance sheet, even if some figures fell from the levels of a year earlier. Gross profit for Q1 2019 was $1.0 billion compared to…
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DIAMONDS: Stornoway ends year with revenue down, losses up
MONTREAL – Stornoway Diamond finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million…
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Katanga Q4 loss on suspended cobalt sales, higher costs
Katanga Mining (TSX: KAT; US-OTC: KATFF) lost $116 million in 2018’s fourth quarter to end the year with $13.4 million in gross profit, a result of temporary cobalt sale suspensions, higher reagent costs at its Luilu metallurgical plant and increased mine…
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Kinross Gold posts $23.6M loss for 2018
Kinross Gold (TSX: K; NYSE: KGC) produced 2.45 million gold-equivalent ounces last year with record production from its Paracatu mine in Brazil and its Bald Mountain mine in Nevada, and forecasts company wide production this year will be similar to 2018.…
