Author: Josue Gomez

Centerra Gold Inc. today reported net earnings of $6 million or $0.02 per common share on revenues of $259.1 million in the third quarter of 2018. The third quarter 2018 results include an impairment charge of $8.5 million to write-down the net assets of the Company’s Mongolian business unit to their sale value which closed on October 11, 2018. Excluding this item, adjusted earnings in the third quarter of 2018 were $14.5 million or $0.05 per common share.

Evrim Resources Corp. is pleased to announce it has signed a three-year exploration alliance agreement with Meridian Gold Co., a wholly-owned subsidiary of Yamana Gold Inc. The Alliance allows Evrim royalty free access to Yamana’s dataset in the western United States for gold and base metal project generation.

“Third quarter results were impacted by weak metals prices and temporarily lower production at our Palmarejo and Wharf mines due to one-time events. Our Rochester operation was the standout performer with strong production growth and further cost reductions. In addition, the team at Rochester has commenced work on the installation of the first HPGR crusher, which is expected to boost silver recoveries and further reduce costs starting next year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Importantly, we remain on-track to achieve full-year production and cost guidance due to strong expected fourth quarter performance at each of our operations, which we experienced during the month of October.”

“Our mines performed as expected in the third quarter and we have seen an upward trend in production as we move through 2018,” said Darren Pylot, President and CEO of Capstone. “Year to date, we have generated $76.9 million of cash flow from operating activities and net income from continuing operations of $22.6 million.”

McEwen Mining Inc. today reported third quarter results for the period ended Sept. 30, 2018. During Q3, gold equivalent ounces produced increased by 51% and all-in sustaining costs per GEO sold decreased by 3% compared to Q3 2017. Net cash flow from the business excluding project development costs was $2.2 million or $0.01 per share. Total expenditure of $35.5 million was incurred to further our long-term production growth plans at the Gold Bar, Black Fox, Fenix and Los Azules projects. Our consolidated net loss for Q3 was $13.3 million or $0.04 per share.

Gold Resource Corporation reported production results for the third quarter ended September 30, 2018 of 6,411 ounces of gold and 321,590 ounces of silver, which along with base metal revenue generated $24.3 million in net revenue for the quarter.

“We experienced very strong demand for the Financing and are pleased that our investors are very supportive of our focus on the exploration programs in Mexico,” said Kenneth MacLeod, President and CEO of Sonoro. “Proceeds from the Financing will be applied toward future exploration programs at Cerro Caliche should results from the recently initiated drilling program support such an action.”