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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…
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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…
