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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.…
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GOLD-COPPER: Dundee ups 2018 revenue, net earnings
TORONTO – Dundee Precious Metals offered a look at the fourth quarter and positive full year financials for 2018. The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million. The all-in sustaining cost per ounce of…
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COPPER: Capstone 2018 revenue slides, costs up
VANCOUVER – The latest quarterly numbers from Capstone Mining Corp. show lower revenue than a year earlier, but production costs also rose. The company met the year’s guidance with output of 155.2 million lb. of copper at a C1 cash…
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GOLD: Goldcorp expects higher production in 2019
VANCOUVER – Goldcorp expects to produce more silver, zinc, lead and gold equivalent ounces in 2019 compared to 2018. The company, which is currently merging with Newmont, produced 630,000 oz. of gold in 2018’s fourth quarter at $850 per oz. all-in sustaining…
