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Record gold output, but Hudbay posts loss in Q1
Hudbay Minerals (TSX: HBM; NYSE: HBM) released its first quarter results today with record gold production of 35,500 oz. during that time. Consolidated copper production was 24,553 tonnes at a ‘sustaining cash cost’ of US$2.16 per lb. Despite strong metal…
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Kirkland Lake reports strong Q1 for 2021
Although gold volumes were down slightly, Kirkland Lake Gold (TSX: KL; NYSE: KL) reported strong first quarter results for 2021. Production of 302,847 oz. exceeded the top end of previously announced guidance for the quarter at 290,000 oz. Higher than…
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B2Gold beats guidance with strong Q1 production
The first quarter of 2021 has been a strong one for B2Gold Corp. (TSX: BTO; NYSE: BTG; NSX: B2G) with gold production 9% over guidance at 220,644 oz. The company operates three gold mines – Fekola in Mali, Masbate in…
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McEwen Q1 output down 13% to 30,600 gold-equivalent oz
Consolidated production by McEwen Mining for the first quarter included 23,300 oz. of gold and 493,200 oz. of silver, or 30,600 gold equivalent ounces. That number is down 13% from 35,100 gold equivalent ounces for the first quarter of 2020.…
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Franco-Nevada posts ‘record’ results, grows royalty portfolio
Franco-Nevada’s (TSX, NYSE: FNV) fourth-quarter and full-year results release includes ‘record’ annual results, two new streaming and royalty additions as well as a 15.4% increase to the quarterly dividend, starting in June. The company has also announced that it has…
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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…
