2018 Fourth Quarter and Full Year Financial Results Indicate a Successful Year for Wesdome
Wesdome Gold Mines Ltd. today announces fourth quarter (“Q4 2018”) and full year 2018 financial results. All figures are stated in Canadian dollars unless otherwise noted.
Kirkland Lake Gold Reports Record Earnings and Cash Flow in Q4 and Full-Year 2018
Kirkland Lake Gold Ltd. achieved record levels of earnings and cash flows in Q4 and Full-Year 2018 driven by strong production growth and its best ever quarterly and annual unit-cost performance.
Wallbridge Intersects 12.70 g/t gold over 2.71 metres near the Fenelon Deposit
Kirkland Lake Gold Revises its Production and Cost Estimates for 2019
Kirkland Lake Gold Ltd.today announced it has revised its Mineral Reserve and Resource Estimates for December 31, 2018 to reflect increases in growth in total ounces and average grades at both Fosterville and Macassa gold mines. The company also announced projected increases in its three year production guidance and unit-cost for 2019. Key Highlights of the Production Guidance and Mineral Reserve Estimates Include:
Alamos Gold Closes 2018 on a Strong Note With Higher Production and Lower Costs
“Alamos closed 2018 on a high note with record production from Island Gold and a stronger performance from Young-Davidson driving production higher and costs lower in the fourth quarter. This contributed to an 18% increase in full year production to 505,000 ounces, meeting guidance and achieving a new record. We expect similar production in 2019 at lower costs contributing to stronger margins and financial performance,” said John A. McCluskey, President and Chief Executive Officer.
TVO Original documentaries Northern Gold and The Shadow of Gold Premiere in March
TVO original documentaries Northern Gold and The Shadow of Gold reveal the human cost of the world's most coveted heavy metal. Gold-focused documentaries premiere March 6 and 13 at 9 pm ET on TVO and tvo.org/documentaries.
Canadian Competition Bureau Approves Newmont Gold's Purchase of Goldcorp Inc.
The Canadian Competition Bureau has approved Newmont Gold’s purchase of the previously announced transaction with Goldcorp Inc. under Canadian competition law. Newmont continues to cooperate with other regulatory agencies regarding additional approvals that are conditions to closing of the combination.
Harte Gold Corp Updates Mineral Resource Estimates
HARTE GOLD CORP announced it has updated its NI 43-101 compliant Mineral Resource Estimate based on 90,000 metres of drilling completed in 2018. Harte reported an overall increase in mineral resources. Based on the drilling results, the Indicated Mineral Resources are now 1.1 million ounces Au grading 8.12 g/t and the Inferred Mineral Resources are 558,000 ounces Au grading 5.88 g/t.
Osisko Mining Inc. Announces Letter of Agreement to Acquire Chantrell Ventures Corp.
Osisko Mining Inc. and Chantrell Ventures Corp. announced announce they have entered into a binding letter agreement by which Osisko will effect a business combination that will result in a reverse takeover of Chantrell by Osisko. Through proposed transaction , Osisko will transfer certain non-core assets of Osisko with a value of approximately $99.9 million to Chantrell in exchange for shares of Chantrell. In addition the shares of Chantrell will be subject to a consolidation on a 40:1 basis, subject to adjustment.
Landore Resources Limited Releases Technical Report and Preliminary Economic Assessment of the BAM Gold Project
Landore Resources Canada Inc released its technical and preliminary economic assessment report for its BAM Gold Project, at theirJunior Lake Property 235 km Northeast of Thunder Bay, Ontario. The Mineral Resource Estimate of the BAM Gold Project at a 0.3g/t cutoff is: 28,826,000 tonnes (t) at 1.03 grams/tonne (g/t) for 951,000 ounces of gold (ozAu) including 20,198,000t at 1.08g/t for 701,000 ounces gold in the Indicated Category.