Month: April 2019

Energold Drilling Corp Announces Q4 2018 and Fiscal 2018 Results

Fred Davidson, CEO and President of Energold, commented as follows: “2018 signified a continual turnaround in the Energold story with the group achieving the first positive EBITDA in over six years and narrowing losses significantly for the full year. This strategically positions the group to continue to work towards achieving breakeven and net income in 2019 as our diversified business segments continue to demonstrate growth against a backdrop of tepid mineral exploration markets.”

Agnico Eagle Reports First Quarter 2019 Results; Solid Production and Cost Performance; Nunavut Development Projects Advancing as Planned with Meliadine Expected to Achieve Commercial Production in May; Exploration Drilling Continues to Advance Project Pipeline

“Operationally, 2019 is off to a very good start with strong production and cost performance in the first quarter from Goldex, Kittila, Pinos Altos and Creston Mascota. We have also seen significant exploration results from several of our key pipeline projects in the first quarter”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With commercial production expected shortly at Meliadine, and Amaruq on schedule for start-up in the third quarter of 2019, we anticipate higher gold production to result in increased earnings and cash flow in the second half of the year. This should allow the Company to continue to advance its development pipeline, increase financial flexibility and potentially raise dividends”, added Mr. Boyd.

Peñasquito pasa a ser propiedad de Newmont Mining

Para el director general de la firma, Gary Goldberg, la estrategia es seguir invirtiendo en expansiones y exploración para impulsar la producción de la próxima generación, además de cumplir con las expectativas de los accionistas.

Odyssey Marine Exploration Provides Update on Mexican Phosphate Project

“We continue to believe that a negotiated settlement in lieu of further litigation under NAFTA is in Mexico’s and Odyssey’s best interests, and we hope to continue a constructive dialogue with the current Mexican Administration. I returned from consultations in Mexico with a renewed sense of optimism that this project will move forward and will create significant benefits for both Odyssey’s investors and the people of Mexico, including the enhancement of Mexico’s food security and self-sufficiency,” stated Mark Gordon, Odyssey CEO. “But, if Mexico does not share these goals, we are prepared to go the distance to ensure our shareholders realize their rightful return on our investment.”

Teck Reports Voting Results from Annual General Meeting

Teck Resources Limited announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held Wednesday, April 24, 2019 in Vancouver, British Columbia.

Millrock Announces Private Placement Closed

A portion of the proceeds from the Private Placement will be used for land acquisition and exploration in the Goodpaster Mining District, Alaska, and another portion will be used for general corporate purposes.

Discovery Metals Amends Terms of Puerto Rico Option Agreement and Signs 30-Year Exploration and Mining Agreement with Ejido

Mr. Taj Singh, President and CEO of the Company states, “Discovery has renegotiated terms of the Puerto Rico Option Agreement to make it more beneficial to all stakeholders. In addition to spreading the Drill Permit milestone payment over 15 months, we have reduced share dilution and changed the Purchase Option to allow us to spend more exploration dollars on what is most important: drilling. The cost of the Purchase Option is now more in line with the current markets while also allowing the Property Owners to participate in the value of the Company’s other projects through share ownership.”

Freeport-McMoRan Reports First-Quarter 2019 Results

Richard C. Adkerson, President and Chief Executive Officer, said, “During the first quarter, our global team maintained its focus on providing products necessary to support growing economies around the world in a cost-efficient, safe and environmentally responsible manner. Our transition to underground mining at Grasberg is advancing according to plan, and we are encouraged by recent milestones. In North America and South America, we are advancing the Lone Star copper leach project in eastern Arizona and continuing to focus on opportunities to enhance operating performance from existing mines. As we look forward, we are optimistic about the future that our asset base and copper market fundamentals are expected to provide shareholders. Our strategy will continue to focus on maximizing the value of our existing resource base through rigorous cost management, productivity and technology, executing our plan to successfully transition from open-pit mining to large-scale underground mining at Grasberg, generating cash flows to enhance shareholder returns and creating value organically from our large undeveloped resource position.”

Newmont Goldcorp Announces Newmont’s First Quarter 2019 Results

“We delivered $349 million in free cash flow in the quarter while meeting production and cost targets on the back of continued operational excellence,” said Gary J. Goldberg, Chief Executive Officer. “This performance gave us the means to deliver superior shareholder value in the form of a special dividend, and to build a stronger future by advancing profitable projects on three continents, and by progressing two historic transactions. Our joint venture in Nevada will generate synergies and create the world’s largest gold mining complex, and our combination with Goldcorp will create the world’s leading gold business as measured by assets, prospects and people.”

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