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Earnings
- Gold Companies
- Earnings
- Exploration
- Mergers
- Mining
- Silver Companies
- Up/Downgrades
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GoldSeek.com Radio
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Saturday, March 25th: Bob Chapman, International Forecaster
radio.goldseek.com
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| | Aurizon Reports 2011 Financial Results
"The fourth quarter 2011 results capped off a great year for Casa Berardi and Aurizon. Revenues, cash flow, profits and production broke historical records. Casa has consistently delivered, and with the continued in-mine exploration success we have enjoyed, Casa Berardi is a cornerstone asset from which to grow the company from. We are on schedule to complete the Joanna feasibility study in second quarter 2012, and are formulating resource updates on our two most advanced exploration projects, Marban and Fayolle." More | March 15 |
| | Kirkland Lake Gold Inc.: Fiscal 2012 Third Quarter Financial and Operational Results; Expansion to 2,200 Tons of Ore Per Day to Be Accelerated
"We are pleased to announce that phase three plans to advance to 2,200 tons per day of ore production will now be executed over the next fourteen months, requiring additional capital of only $20 million for the mill expansion. While this decision has slightly impacted short term gold production, the resulting production from these tonnage levels will be 250,000 - 300,000 ounces of gold at reduced costs per ton and ounce, and positions the company to realize the earning power of it's asset base earlier. This approach is consistent with the company's strategy to keep capital expenditures as low as possible. As of January, $60.6 million of the $75 million phase's one and two expansion program has increasingly been supported from cash flows. Total expansion capital should remain at or below $100 million dollars." More | March 13 |
| | Great Panther Silver Reports 37% Increase in Revenues to $57.8 Million and $11.5 Million in Net Earnings for 2011
"GREAT PANTHER SILVER LIMITED (TSX: GPR.TO - News)(AMEX: GPL - News) ("the Company") announces the financial results for the year ended December 31, 2011. Great Panther is pleased to report revenues for the year ended December 31, 2011 of $57.8 million, representing a 37% increase over 2010. The Company's gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. The Company also increased working capital to $53.8 million at December 31, 2011, from $18.8 million at the end of the prior year." More | March 12 |
| | Taseko announces earnings for year end 2011
"Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) announces gross profit of $86.3 million and net earnings of $27.0 million ($0.14 per share) for the year ended December 31, 2011." More | March 12 |
| | Silver Standard Reports Fourth Quarter and Year-End 2011 Results
"2011 was a significant year in building the foundation for the future," said John Smith, President and CEO. "At Pirquitas, we resolved the technical issues and the focus going forward is on producing consistently, managing costs and extending the mine life. Other key objectives for 2012 are advancing our development projects and growing our substantial resource base. I am confident we have the team in place to achieve our long-term goals." More | March 12 |
| | Pretivm Reports Fourth Quarter and Year-End 2011 Results
"Subsequent to the end of the quarter, Pretivm announced the positive results of a 43-101-compliant Preliminary Economic Assessment ("PEA") for the high-grade gold and silver resources identified to date at our Brucejack Project (see news release dated February 22, 2012). Based on metals prices of US$1,100 per ounce gold and US$21 per ounce silver, the Base Case estimated pre-tax Net Present Value (5% discount) is US$2.262 billion, with an internal rate of return of 29.8%. The PEA contemplates average annual production for the first 12 years of 325,000 ounces of gold and for the 24 year life of mine 287,000 ounces of gold, an estimated capital cost, including contingencies, of US$436.3 million and an average processing rate of 1,500 tonnes/day with operating costs of C$170.90 per tonne milled." More | March 07 |
| | First Majestic Announces New Record Earnings & Cash Flows for 2011
"First Majestic has experienced another year of strong growth. The commercialization of the 1,000 tpd flotation circuit at La Parrilla was a major milestone for 2011. The recent commercialization of the 1,000 tpd cyanidation circuit at La Parrilla also mark the culmination of First Majestic's second largest mill expansion in the Company's history, second only after the La Encantada expansion completed in 2010. However, 2012 will see the Company's largest investment in Mexico ever with the construction of what will become the largest mine in the Company's portfolio, the Del Toro Silver Mine which is progressing well." More | March 05 |
| | New Gold Announces Record Financial Results in 2011 with 212% Increase in Earnings and 23% Increase in Net Cash Generated from Operations
"New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces financial and operational results for the fourth quarter and year ended 2011, with record annual earnings and cash flow. The company, once again, met its production guidance achieving record annual production of 387,155 ounces during 2011 at a total cash cost(1) per ounce sold, net of by-product sales, of $446 per ounce. The combination of increased gold production, well below industry average total cash cost(1) and continued strength in commodity prices led New Gold to the strongest financial performance in the company's history. When compared to 2010, earnings from mine operations increased by 54% to $315 million, net earnings increased by 212% to $179 million, or $0.42 per share, and net cash generated from operations increased by 23% to $230 million. New Gold is also pleased to reiterate its guidance for 2012 with the targeted start of the New Afton Mine in June set to increase gold production further to 405,000 to 445,000 ounces at a lower annual total cash cost(1) per ounce sold, net of by-product sales, of $410 to $430 per ounce." More | March 02 |
| | Buenaventura Announces Fourth Quarter 2011 Results
Net income in the fourth quarter reached US$230.9 million, which was similar to the figure reported in 4Q10 (US$228.1 million). EBITDA from Buenaventuras Direct Operations was US$198.3 million, 15% lower than the figure reported in 4Q10 (US$232.8 million), while EBITDA including Yanacocha and Cerro Verde decreased 9%, from US$457.0 million in 4Q10 to US$415.6 million in 4Q11.
The lower gold, zinc and copper volume sold were offset by the increase in silver volume sold, as well as higher precious metal prices. More | February 28 |
| | Allied Nevada Achieves Net Income of $36.7 Million ($0.41/Share-Basic) in 2011
"In 2011, Hycroft successfully completed its third full year of operations. The mine moved 34.0 million tons of material, including 16.6 million tons of ore placed on the leach pad at average grades of 0.013 ounces per ton ("opt") gold and 0.34 opt silver. The Company sold 88,191 ounces of gold and 372,000 ounces of silver in 2011." More | February 27 |
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