Noront Resources of Toronto has chosen the Algoma Steel site in Sault Ste. Marie for its ferrochrome production facility.Four communities - Timmins, Sudbury, Thunder Bay, as well as the Sault - were considered beginning in February 2018. With the help of Hatch engineering firm, they were examined for their environmental and site suitability, capital costs, operating costs, and an assessment of com...Read More
Noront Resources of Toronto has chosen the Algoma Steel site in Sault Ste. Marie for its ferrochrome production facility.Four communities - Timmins, Sudbury, Thunder Bay, as well as the Sault - were considered beginning in February 2018. With the help of Hatch engineering firm, they were examined for their environmental and site suitability, capital costs, operating costs, and an assessment of com...Read More
According to Q1 results, Kirkland Lake Gold is headed for a profitable 2019. The company said its cash position was up 25% to reach $83.9 million. Operating cash flow grew 95% to $174.4 million, and that resulted in record free cash flow of $93.1 million, an 85% jump from Q1 2018 and up 8% over Q4 2018.During the first quarter of this year, the company's revenue grew 54% to a record $304.9 million...Read More
According to Q1 results, Kirkland Lake Gold is headed for a profitable 2019. The company said its cash position was up 25% to reach $83.9 million. Operating cash flow grew 95% to $174.4 million, and that resulted in record free cash flow of $93.1 million, an 85% jump from Q1 2018 and up 8% over Q4 2018.During the first quarter of this year, the company's revenue grew 54% to a record $304.9 million...Read More
Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More
Kinross Gold (TSX: K, NYSE: KGC) released its first quarter results on Tuesday, and the world's no. 4 gold miner reported strong quarterly performance and said it is on track to meet 2019 annual guidance.Kinross reported first quarter gold equivalent production of 606,031 ounces, which is in line to meet 2019 guidance, targeted at 2.5 million ounces.Production cost per ounce was $682, a win for Ki...Read More
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