VAL-D'OR, QC, May 8, 2024 /CNW/ - Orbit Garant Drilling Inc. today announced its financial results for the three-month and nine-month periods ended March 31, 2024. All dollar amounts are in Canadian dollars unless otherwise stated. Financial Highlights Three months ended March 31, 2024 Three months ended March 31, 2023 Nine months ended March 31, 2024 Nine months ended March 31, 2023 Revenue 48.2 49.3 135.9 154.2 Gross Profit 6.2 4.6 13.1 17.7 Gross Margin 12.8 9.4 9.6 11.5 Adjusted Gross Margin ¹ 17.3 14.4 15.0 16.3 EBITDA¹ 3.9 4.5 8.0 17.3 Net earnings 2.0 0.2 3.4 Net earnings per share - Basic and diluted 0.05 0.01 0.00 0.09 This is a non-IFRS measure and is not a standardized financial measure. The Company's method of calculating such financial measures may differ from th...

On track to deliver on full-year production and cost guidance with funding surplus in-hand to complete the Media Luna Project Torex Gold Resources Inc. reports the Company's financial and operational results for the three months ended March 31, 2024. Torex will host a conference call tomorrow morning at 9:00 AM to discuss the results. Jody Kuzenko, President & CEO of Torex, stated: "2024 is off to a solid start with production and costs tracking to full-year guidance. Operational results were in line with expectations, with quarterly gold production of 115,494 ounces at all-in sustaining costs1 of $1,202 per oz. Our cost performance, combined with a record quarterly average realized gold price1 of $2,023 per oz, resulted in an impressive all-in sustaining costs margin1 of 39%...

Nutrien Ltd. announced today that its Board of Directors has declared a quarterly dividend of US$0.54 per share payable on July 19, 2024, to shareholders of record on June 28, 2024. Registered shareholders who are residents of Canada as reflected in Nutrien's shareholders register, as well as beneficial holders whose intermediary is a participant in CDS Clearing and Depositary Services Inc. or its nominee, CDS & Co., will receive their dividend in Canadian dollars, calculated based on the Bank of Canada daily average exchange rate on June 28, 2024. Registered shareholders resident outside of Canada as reflected in Nutrien's shareholders register, including the United States, as well as beneficial holders whose intermediary is a participant in The Depository Trust Company or i...

Nutrien Ltd. announced today its first quarter 2024 results, with net earnings of $165 million . First quarter 2024 adjusted EBITDA1 was $1.1 billion and adjusted net earnings per share1 was $0.46. "We continued to see strong crop input demand, a normalization of product margins for our North American Retail business and increased global potash shipments in the first quarter. Our results highlighted the capabilities of our flexible, low-cost production assets and downstream distribution network to efficiently supply our customers' needs," commented Ken Seitz, Nutrien's President and CEO. "We expect growth in Retail earnings and fertilizer sales volumes compared to the prior year and have maintained our 2024 guidance ranges. Our focus remains on strengthening our capability to serve growers...

Wesdome Gold Mines Ltd. today announced its results for the three months ended March 31, 2024 . Preliminary operating results for Q1 2024 were disclosed on April 15, 2024. Management will host a conference call tomorrow, Thursday, May 9 at 10:00 a.m. Eastern Time to discuss this quarter's results. All amounts are expressed in Canadian dollars unless otherwise indicated. Q1 2024 Highlights Consolidated gold production was 33,322 ounces at cash costs per ounce1 of $1,517 per ounce and all-in sustaining costs per ounce1 of $2,226 . Net income increased to $10.7 million, or $0.07 per share, an increase of $11.1 million from the corresponding period in 2023. Cash margin1 was $46.6 million, representing a 36% increase relative to the prior year quarter mainly due to a higher Canadia...

VANCOUVER, BC, May 8, 2024 /CNW/ - Trading resumes in: Company: Sierra Madre Gold and Silver Ltd. TSX-Venture Symbol: SM All Issues: Yes Resumption : 8:00 AM 05/09/2024 CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Canadian Investment Regulatory Organization - Halts/Resumptions Contact For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.iiroc.ca under the Markets tab. Please note that CIRO staff cannot provide any information about...

Mandalay Resources Corp. is pleased to announce financial results for the first quarter ended March 31, 2024, supported by solid production results, disciplined capital allocation, and favorable metal prices. The Company's condensed and consolidated interim financial result for the quarter ended March 31, 2024, together with its Management's Discussion and Analysis for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated. First Quarter 2024 Highlights: Significant strengthening of Balance Sheet with cash balance of $47.1 million; Growing net cash position1 now at $19.4 million; Generated $2...

Go Metals Corp. is pleased to announce a private placement of up to 1,111,111 flow-through shares to be issued at a price of $0.09 per FT Share for gross proceeds up to $100,000 . Each FT Share will be comprised of one common share of the Company issued on a "flow-through" basis. The Company anticipates that it will close the Private Placement on or about May 15, 2024. Proceeds received from the FT Shares will be used to fund exploration on Go Metal's critical metal projects located in Quebec, Canada. The Company will pay a finder's fee of 7% cash and 7% finder's warrant on the Private Placement. Each non-transferable finder's warrant will entitle the holder thereof to acquire one common share at a price of $0.10 for a period of 12 months from the date of closing. All securit...

Pan American Silver Corp. reports unaudited results for the quarter ended March 31, 2024 . "Cash flow from operations before working capital changes of $133.2 million in the first quarter reflects strong performance on production and costs, with silver and gold production in line with our expectations, and costs for both metals lower than expected," said Michael Steinmann, President and Chief Executive Officer. "We progressed our major projects, notably the new ventilation infrastructure at La Colorada and the plant upgrades at Jacobina, while returning $58.0 million of capital to shareholders through $36.5 million in total cash dividends paid and $21.5 million in shares repurchased." Added Mr. Steinmann: "The sale of our La Arena asset in Peru, announced on May 1, 2024, will f...

Resouro Strategic Metals Inc. is pleased to provide an update in relation to the Company's planned listing on the Australian Securities Exchange . The Company lodged a Prospectus with the Australian Securities and Investments Commission on May 1, 2024, to raise AUD$8.0 million via the offer of 16,000,000 CHESS Depository Interests over common shares in the capital of the Company at an offer price of AUD$0.50 per CDI . The Offer is now open and is expected to close on May 23, 2024, with the expected commencement of trading on the ASX to be on or around June 4, 2024, subject to the Company meeting the ASX's listing criteria which it is currently working towards. Taylor Collison Limited, an Australian broker, is acting as the Lead Manager for the ASX listing process. As compensa...

Hecla Mining Company today announced first quarter 2024 financial and operating results. FIRST QUARTER HIGHLIGHTS Operational Produced 4.2 million silver ounces, an increase of 43% over the fourth quarter of 2023 Lucky Friday completed ramp-up to full production with 1.1 million silver ounces produced. Improved safety at Keno Hill - 41% improvement over the 2023 All-injury Frequency Rate ; increased throughput 29% over the prior quarter, produced 0.6 million ounces of silver. 2024 production and cost guidance reiterated. Financial Sales of $189.5 million, 44% from silver and 34% from gold. Net loss applicable to common stockholders of $5.9 million or per share and adjusted net income applicable to common stockholders of $6.5 million or $0.01 per share.1 Consolidated silver tota...

Osisko Gold Royalties Ltd. is pleased to announce that the Board of Directors has approved a second quarter 2024 dividend of C$0.065 per common share, representing a roughly eight percent increase over the previous quarterly dividend of C$0.06 per common share. This marks Osisko's 39th consecutive quarterly dividend, which will be paid on July 15, 2024 to shareholders of record as of the close of business on June 28, 2024. This dividend is an "eligible dividend" as defined in the Income Tax Act . For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on June 28, 2024. The Company also wishes to remind its shareholders that it has implemented a dividend reinvestment plan . Shareholde...

Ashley Gold Corp. - Calgary, Alberta - announces a non-brokered private placement financing for aggregate proceeds of up to $150,000 to advance the Howie, Tabor-Sakoose, and Burnthut Properties. Darcy Christian, CEO of Ashley comments "We have already been active with surface exploration at Sakoose, Howie, and Alto Gardnar with additional ground exploration at Burnthut slated for later this week. This funding will complete the required capital to drill at Burnthut and complete an IP survey at Howie this spring/summer." Financing Terms and Use of Proceeds The Offering is comprised of up to 1,500,000 units at a price of $0.10 per Unit for gross proceeds of up to $150,000. Each Unit is comprised of one Flow-Through common share and one-half of one non-flow through common share p...