Goldcorp reports 2013 second quarter results

Goldcorp Inc. today reported quarterly revenues of $889 million, generating adjusted net earnings1,2 of $117 million, or $0.14 per share, compared to $332 million, or $0.41 per share, in the second quarter of 2012. A non-cash impairment charge, primarily related to exploration potential at Peñasquito, led to a net loss in the quarter of $1.93 billion compared to net earnings of $268 million in the second quarter of 2012. Adjusted operating cash flow1,3 was $388 million or $0.48 per share.

SilverCrest Announces Santa Elena Expansion Pre-Feasibility Study;

SilverCrest Mines Inc. is pleased to announce that it has filed its NI 43-101 Technical Report entitled “Santa Elena Expansion Pre-Feasibility Study and Open Pit Reserve Update” for its operating mine located in Sonora, Mexico. Summaries of the revised Life of Mine Plan, operating costs, capital costs and Expansion project economics are presented in tables below. All dollar amounts are expressed in U.S. dollars unless otherwise specified. The effective date of this Technical Report is April 30, 2013.

Alamos Reports Strong Second Quarter 2013 Results

Alamos Gold Inc. today reported its financial results for the quarter ended June 30, 2013 and reviewed its operating, exploration and development activities. All amounts are expressed in United States dollars unless otherwise specified.

Nyrstar announces 2013 Half Year Results

Challenging trading environment with downward movements in base and precious metal prices during H1 2013; strategic price hedges put in place for H2 2013

Average zinc price in H1 2013 slightly up on H2 2012 (USD 1,937/t compared to USD 1,916/t) due to strong start to year; however, since March the price has traded between USD 1,800 – 1,900/t
Average silver and gold prices declined by 15% and 10% respectively compared to H2 2012, impacting mining C1 cash costs and to a lesser extent Metals Processing by-product gross profit
Entered into strategic price hedges for zinc, and subsequently gold and silver, for H2 2013

Agnico Eagle reports second quarter 2013 results – Significant capital and operating cost reductions announced – 2013-2015 production guidance maintained

Agnico Eagle Mines Limited today reported a quarterly net loss of $24.4 million, or $0.14 per share for the second quarter of 2013. This result includes a non-cash foreign currency translation gain of $11.1 million ($0.06 per share), non-cash stock option expense of $4.3 million ($0.02 per share), non-cash impairment loss on available for sale securities and mark-to-market loss on warrants of $20.5 million ($0.12 per share) and other non-recurring expense of $6.1 million ($0.03 per share) mostly relating to the Kittila maintenance shutdown. Excluding these items would result in an adjusted net loss of $4.6 million, or $0.03 per share. In the second quarter of 2012, the Company reported net income of $43.3 million, or $0.25 per share.

Soltoro Discovers Talayote Gold Zone with up to 11.4 gpt Gold at the El Rayo Project in Jalisco Sate, Mexico

Soltoro Ltd. has discovered the previously unknown Talayote gold zone as part of its ongoing regional mapping and sampling program. Soil sampling detected several isolated gold anomalies in the area and follow-up geologic mapping and rock sampling revealed a series of northwest-trending quartz veins. Veins in the Talayote area are similar in orientation to those in the El Rayo gold deposit, located approximately 1.5 kilometres to the southeast. Thirty-two samples have been collected from the Talayote area to date.

All News