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Canadian miners report strong Q1 production

By: Henry Lazenby     11th April 2018 Several Canadian miners have started publishing their production results for the three months ended March 31, reporting a strong start to the calendar year. Toronto-based Kirkland Lake Gold has reported strong first-quarter results, with output growing 13% year-on-year to 147 644 oz of gold. 

Kirkland Lake net earnings surge on production growth

By: Nadine James     22nd February 2018 Gold miner Kirkland Lake Gold has released strong financial and operating full year results for 2017, including a 90% increase in production and improved cash flow. The Toronto-headquartered company produced 596 405 oz in 2017, an increase of 90% from 2016, largely owing to the full-year... 

New shaft key to transforming Kirkland Lake into 1Moz/y producer

By: Mariaan Webb     18th January 2018 Gold miner Kirkland Lake has set its sights on producing one-million ounces a year in the next five to seven years, a target which is built on transforming the Fosterville and Macassa mines into 400 000 oz/y producers. At Fosterville, in Australia’s Victoria, Kirkland Lake is aiming to achieve... 

Kirkland achieves FY17 production records

By: Natasha Odendaal     12th January 2018 Triple-listed Kirkland Lake Gold has finished the 2017 financial year strong, achieving record production across the board and surpassing an already-improved guidance. Kirkland achieved full-year 2017 production of 596 405 oz – a 10% increase on the prior year – beating its revised guidance of... 

Kirkland Lake disposes of Australian Stawell assets

By: Henry Lazenby     11th December 2017 Triple-listed Kirkland Lake Gold has agreed to sell affiliate Stawell Gold Mines to private firm Arete Capital Partners. Stawell Gold Mines, which holds the Stawell gold mine, located in Victoria, Australia, will pay $6.25-million in cash for the assets, with Kirkland set to retain a 2.5% net... 

AuRico CEO sees 2017 as ‘pivotal’ year

By: Mariaan Webb     5th May 2017 TSX-listed AuRico Metals CEO Chris Richter expects 2017 to be a pivotal year for the company, as it steps up efforts to advance the Kemess Underground project towards a development decision next year. The project, which recently received an environmental-assessment certificate from British... 

Kirkland Lake's Canadian, Australian ops produce more gold than expected

By: Henry Lazenby     10th January 2017 Both Kirkland Lake Gold’s Canadian and Australian assets have beaten the top ends of their respective 2016 production guidance, highlighting the company’s position as a midtier miner producing consolidated pro forma gold of 542 751 oz in 2016. The Toronto-headquartered miner, which closed two... 

AuRico lifts royalty revenue guidance, expands Kemess exploration

By: Henry Lazenby     8th August 2016 Emboldened by anticipated production improvements at key partner properties, TSX-listed gold royalty firm and project developer AuRico Metals has increased its expected full-year royalty revenue guidance by 14%. The Toronto-headquartered miner now expected royalty revenues to total between... 

Alamos, AuRico shareholders vote in favour of merger

By: Henry Lazenby     24th June 2015 The shareholders of Canadian miners Alamos Gold and AuRico Gold voted overwhelmingly in support of the proposed $1.5-billion merger of the companies, which will create a new midtier gold producer. When the deal closed, a reconstituted Alamos would hold a diversified portfolio of assets in stable... 

Crocodile Gold lifts Q1 output by 11.4%

By: Henry Lazenby     11th April 2015 Australia-focused miner Crocodile Gold has lifted its first-quarter gold output by 11.4% to 59 676 oz over the comparable period a year earlier, representing the company’s seventh consecutive quarter of gold output above 53 000 oz. The Canadian company, which operates the Fosterville and Stawell... 

AuRico Gold books Q2 loss as charges impact performance

By: Henry Lazenby     9th August 2013 Dual-listed AuRico Gold this week reported a net loss of $103.49-million, or $0.42 a share, for the three months ended June 30, impacted by $104.9-million in after-tax noncash impairments and revaluations. AuRico, which operates the Young-Davidson mine, in Northern Ontario, and the El Chanate... 

Australia's gold production declines in 2011/12

     10th September 2012 Australian gold production decreased some 4%, or 11 t to 261 t, or 8.4-million ounces, during 2011/12, compared with the previous year, said gold mining consultants Surbiton Associates. “The fall in production was not surprising, given the higher gold prices,” said Surbiton director Dr Sandra... 

AuRico adjusted profit soars nearly threefold

By: Henry Lazenby     10th May 2012 TSX-listed AuRico Gold said on Wednesday its first-quarter adjusted profit rose by 186.7% to $57.8-million, or $0.21 a share, as the company sold more gold at a higher price. AuRico beat analyst expectations of adjusted earnings pinned at $0.12 a share. 

Crocodile Gold expects 200% production increase

By: Henry Lazenby     9th May 2012 Following the acquisition of two new Australian mines from AuRico Gold, TSX-listed Crocodile Gold Corp on Tuesday said it expected a threefold gold production increase this year to between 155 000 oz and 175 000 oz. The company, which mainly operates openpit mines in Australia’s Northern... 

Profits surge for AuRico in Q4

By: Matthew Hill     28th March 2012 AuRico Gold, which bought Northgate Minerals for C$1.46-billion in October, said on Wednesday it aims to grow production to between 500 000 oz and 600 000 oz in 2014, as much as 128% more than it mined in 2011. That does not include the Toronto-based company’s Australian mines, which it... 

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