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Jaguar Mining Reports 81% Jump In Proven, Probable Reserves

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Jaguar Mining Inc. (TSX: JAG) reports that consolidated proven and probable reserves at the Pilar and Turmalina mines increased 81% year-over-year (net of 2018 depletion). They stand at 439,000 ounces of gold at a weighted average grade of 4.39 grams per tonne. “Both Turmalina and Pilar have over four years of proven and probable reserves at current mining rates and over three years at our target production rates,” says Ben Guenther, interim chief executive officer. “The 2018 focus was on resource-reserve conversion via infill drilling at both operations after significantly increasing our resource inventory in 2016-2017 through the growth exploration program."

By Allen Sykora of Kitco News;


Goldcorp Maintains Two-Cent Dividend

Friday March 1, 2019 08:20

Goldcorp Inc. (TSX: G, NYSE: GG) says its board of directors has declared a first quarterly dividend for 2019 of two cents per share, the same as in the prior quarter. This will be paid to shareholders of record as of the close of business on March 14, with payment to be received around March 22.

By Allen Sykora of Kitco News;


Great Panther Reports 4Q Loss On Lower Output, Prices

Friday March 1, 2019 08:20

Great Panther Silver Ltd. (TSX: GPR; NYSE American: GPL) reports a fourth-quarter loss as output and metals prices fell. The company lists a fourth-quarter net loss of $3.6 million, or 2 cents a share, compared to a year-ago loss of $1.9 million, or a penny. The average realized silver price fell to $14.80 an ounce from $16.86. Against this backdrop, revenue fell to $13.6 million from $17.4 million. Great Panther produced 951,784 silver-equivalent ounces in the fourth quarter, down from 1,065,773 in the year-ago quarter. The full-year loss was $10 million after a $1.3 million profit in 2017, while full-year 2018 output was 4,170,966, up from 3,978,731. The silver price for all of 2018 fell, however, to $15.56 from $17.11. "2018 was a year of significant strategic advancement for Great Panther against the backdrop of a challenging metal price environment," says James Bannantine, president and chief executive officer. "Significantly lower silver prices and higher costs driven by geology at our Guanajuato Mine in the third quarter reduced mine operating earnings year-over-year. Furthermore, we continued to fully expense the advancement of our Coricancha project in Peru. These factors were the primary contributors to our loss this year. With regard to our costs in Mexico, we took quick action to implement cost reduction and restructuring measures and started to realize cost reductions in the fourth quarter.” For 2019, the company expects production to be in the range of 3.7 million to 4 million silver-equivalent ounces. Great Panther expects to close the acquisition of Beadell in early March.  On Jan. 29, Beadell issued 2019 production guidance of 145,000 to 155,000 gold ounces. Great Panther says it will review Beadell's guidance and expects to provide an update with the Company's reporting for the first quarter of 2019.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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