Wednesday, May 31, 2017

Bombardier Inc - BBD-b.t

Bombardier Inc - BBD-b.t is a global transportation company with 80 production and engineering sites in 26 countries, and a worldwide network of service centers that operate two industry-leading businesses; Aerospace and Rail transportation.

Everywhere people travel by land and in the air, a Bombardier product is ready to transport them.

On August 5, 2016 the company released Numbers

Bombardier reported consolidated revenues of $4.3 billion in the quarter and $8.2 billion for the first six-month period, relative to $4.6 billion and $9.0 billion for the same periods last year, explained for the most part by the planned reduction in business aircraft revenues. EBIT before special items was $106 million and $236 million respectively for the quarter and year-to-date, as margin improvements at Business Aircraft and Transportation were offset by the production ramp-up effect of the C Series, as it entered into service.

Improved free cash flow usage for the first six months of the year and the completion of the equity investment by the Government of Québec (through Investissement Québec) have resulted in pro forma liquidity of $4.9 billion as at June 30, 2016. These results place Bombardier on track to meet its full year guidance of revenues between $16.5 billion and $17.5 billion, EBIT between $200 million and $400 million, and free cash flow usage between $1.0 billion and $1.3 billion.
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http://canadastockjournal.blogspot.com/2015/12/bombardier-inc-bbd-bt.html

Monday, May 29, 2017

Seabridge Gold - SEA.t

Seabridge Gold - SEA.t owns the flagship Kerr-Sulphurates-Mitchell property, a copper-gold-silver-molybdenum porphyry project in northern British Columbia.

The KSM project is one of the largest undeveloped gold projects in the world. Proven and probable reserves total 38.2 million ounces of gold and 9.9 billion pounds of copper.



On May 26, 2017 the company released News

Seabridge Gold Inc. has completed the transfer of the Red Mountain project to IDM Mining Ltd. upon the exercise of IDM's option to acquire the project. IDM has assumed all responsibilities and liabilities related to the project. In connection with IDM taking responsibility for all environmental obligations at Red Mountain, cash held under a safekeeping agreement with the Province of British Columbia as security for reclamation liabilities will be released, of which $750,000 will be retained by Seabridge. The Red Mountain project covers an area of 17,125 hectares and is located 15 kilometres northeast of the town of Stewart, B.C.





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http://canadastockjournal.blogspot.com/2016/03/seabridge-gold-seat.html

Sunday, May 28, 2017

Barrick Gold hit by Tanzania ban on mineral concentrate

Canada’s Barrick Gold (TSX, NYSE:ABX), the world’s top bullion producer, has warned that up to 6% of it expected output for 2017 may be severely hit by a ban on mineral concentrate exports affecting its subsidiary Acacia Mining (LON:ACA), in Tanzania. The Toronto-based miner, which holds a 63.9% stake in Acacia, noted that if the subsidiary needed to revise its forecast for the current year, then Barrick would evaluate any necessary adjustments to its own 2017 outlook. Acacia, which spun off from Barrick in 2010, accounts for roughly 10% of the Canadian miner’s 2017 gold production guidance of 5.3-5.6 million ounces. Comments come on the heels of a report published Wednesday that claims Acacia has been under-reporting the amount of metal in its shipments to evade taxes.
The probe's results also led to President John Magufuli firing his mining minister and shutting the board of the mineral audit agency, which he accused of failing to supervise exports properly. Acacia, Tanzania’s largest miner was spun off from Barrick in 2010. The miner has three major gold mines in the country, which also produce copper.

Saturday, May 27, 2017

Alacer Gold Corp. - ASR.t

Alacer Gold Corp. - ASR.t flagship is the 80%-owned Çöpler Gold Mine in Turkey which commenced commercial gold production in April 2011.

During 2017, Çöpler is forecast to produce 160,000 to 180,000 ounces at Total Cash Costs of $500 to $550 per ounce.




On May 2, 2017 the company released Numbers

(“Alacer” or the “Corporation”) [TSX: ASR and ASX: AQG] announced today that it has filed its 2017 first quarter operating and financial results and related management’s discussion and analysis (“MD&A”). The corresponding financial statements and MD&A are available on www.AlacerGold.com and on www.SEDAR.com. All currencies referenced herein are denominated in USD unless otherwise stated.

Rod Antal, Alacer’s President and Chief Executive Officer, stated, “Çöpler produced 33,000 ounces this quarter in line with our 2017 guidance. Receipt of the pasture permit in early April allowed us to start mining the highergrade West Pit and re-confirms our 2017 production guidance of 160,000 to 180,000 ounces. With the pasture permit in hand, we expect to produce between 35-40% of our total production in the first half of the year.










http://canadastockjournal.blogspot.com/2016/03/alacer-gold-corp-asrt.html