Kirkland Lake reported Q2 production numbers today Q2 Production Numbers. While Fosterville had another exceptional record quarter with 140,701 ounces produced, Macassa did temper the quarter a bit with production of 49,196. The grade came down from strong Q1 levels and excessive water in the mine during the spring run-off contributed to the weakness when … Continue reading Kirkland Lake Q2 Production a Bit Softer Than I Expected
Wesdome Gold mines just released a very strong Q2 number: https://ml.globenewswire.com/Resource/Download/48af0bfe-3918-43e7-9140-d7774ccd4c46. During the quarter, Wesdome produced 22,437, on the back of the 303 lens continuing to outperform on both budgeted grades and tonnes. The head grade at Eagle was impressive, at 23.4gpt, which follows a very strong Q1 of 18gpt. Moreover, they generated $44.2M in sales … Continue reading Wesdome Gold Mines Produces 22,437 ounces in Q2, Raises Guidance.
NightHawk Gold Corp (TSX:NHK) is a company I wrote about a few weeks back in my list of mining companies I am watching as Gold breaks $1400: Link Here. It's an intriguing proposition because of the potential for resource growth offered. Colomac at present has a 2.6m oz resource at 1.62gpt. It is expected once … Continue reading NightHawk Gold and Northfield Capital Corporation
Since stepping down as Chairman in May, Sprott has taken his ownership position down to 8% now. Below are his sales since retiring from the board: On May 21, 2019, 2176423 Ontario sold 10,000 Common Shares in the open market at a sale price of CAD $46.0000 per share. On May 22, 2019, 2176423 Ontario sold 58,400 … Continue reading Sprott sells a bit more of Kirkland Lake
At the beginning of the year, Wesdome Gold Mines guided a production profile for the first half of 2019 ranging from 31,000 – 35,000 ounces, with the second half production estimated at between 41,000 – 45,000 ounces. For the year, the company has guided 72,000 to 80,000 ounces, or 76,000 at the midpoint. They are … Continue reading Wesdome Q2 Production Preview
The end of June has arrived. That means quarter close is here and the start of Q2 production reporting season is upon us. Kirkland Lake Gold typically reports quarterly production results within the first two weeks following the quarter close. For example, fourth quarter 2018 production metrics were released on January 8 while first quarter … Continue reading Kirkland Lake Gold Q2 Production Preview
This past week I attended the John Tumazos Very Independent Research Conference at the Jersey Shore. JTVIR followed the 121 Conference a few weeks back. The end result is the culmination of a very busy month of conferences, networking and meetings. I will add, too, that we added a new member to the family. A … Continue reading A Few Mining Names I am Watching as Gold breaks $1400.