Saturday, March 31, 2018
Thursday, March 29, 2018
Lundin Mining Corporation - LUN.t
![]() | Lundin Mining Corporation - LUN.t is a diversified base metals mining company with operations in Chile, the USA, Portugal, and Sweden, primarily producing copper, nickel and zinc. Lundin Mining holds a 24% equity stake in the world-class Tenke Fungurume copper/cobalt mine in the DRC. | ![]() |
Lundin Mining Corporation today reported cash flows of $230.1 million generated from operations in its fourth quarter of the year and $903.5 million for the year. Net earnings from continuing operations attributable to Lundin Mining shareholders were $133.0 million ($0.18 per share) for the quarter and $371.4 million ($0.51 per share) for the year ended December 31, 2017.
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Tuesday, March 27, 2018
Canadian Tire Corporation - CTC.a.t
![]() | Canadian Tire Corporation - CTC.a.t is a family of companies that includes Canadian Tire Retail, Partsource, Gas+, FGL Sports (Sport Chek, Sport Mart, Atmosphere, National Sports, Hockey Experts, S3, Nevada Bob’s Golf, Sports Experts, Intersport, The Tech Shop and Pro Hockey Life), Mark's and Canadian Tire Financial Services. With 1,700 retail and gasoline outlets from coast-to-coast, operations are supported by over 85,000 employees across Canada. | ![]() |
- Consolidated same store sales up 3.9% in the fourth quarter:
Canadian Tire up 3.5%; Mark's up 3.4%; FGL up 5.8%
- Financial Services GAAR growth up 8.1%
- Fourth quarter diluted earnings per share (EPS) was
$4.10 , up 18.5% - 2017 annual revenue of
$13.4 billion , up 5.9%, or up 5.1% excluding Petroleum - Full year diluted EPS of
$10.67 , up 15.7%
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Sunday, March 25, 2018
Cyanide spill in Mexico traced to Primero/First Majestic Silver Corp.
![]() | Two hundred liters of cyanide solution are polluting the waters of Mexico's Piaxtla River in San Dimas, Durango. where Canadian Primero Mining Corporation operates. Federal environmental experts determined a concentrated amount of roughly 100 to 180 mg of Cyanide spilled into the water source and traveled some 250 meters downstream, seeping into the Piaxtla riverbed. | ![]() |
![]() | "Primero Mining Corp. and First Majestic Silver Corp. are pleased to announce that Primero's shareholders have voted in favour of the arrangement transaction at a special meeting of shareholders held earlier today. In addition, holders of Primero's 5.75% convertible unsecured subordinated debentures due February 28, 2020 have, at their meeting today, also voted overwhelmingly in favour of the proposed amendment of the trust indenture to accelerate the maturity date of the debentures to the next Business Day following the effective date of the Transaction. The Transaction, whereby First Majestic will, among other matters, acquire all of the outstanding common shares of Primero, was approved by more than 99% of votes cast by Primero shareholders." |
Saturday, March 24, 2018
Peru takes ex-president's passport amid corruption probe
Tuesday, March 20, 2018
First Quantum Minerals Ltd. - FM.t
![]() | First Quantum Minerals Ltd. - FM.t is an established mining and metals company operating six mines and developing five projects worldwide. The Company’s operations are the Kansanshi copper-gold mine, the Guelb Moghrein copper-gold mine, the Las Cruces copper mine, the Pyhäsalmi copper-zinc mine, the Ravensthorpe nickel-cobalt mine, and the Çayeli copper-zinc mine. |
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First Quantum Minerals Ltd. has responded to a news article about claims made by the Zambia Revenue Authority (ZRA) regarding underpayment of customs duties. The company confirms that it is in possession of a letter from the ZRA, dated March 19, 2018, noting an assessment for import duties, penalties and interest on consumables and spare parts of 76.5 billion Zambian kwacha. ($8.04 billion)
The company unequivocally refutes this assessment, which does not appear to have any discernable basis of calculation, and will continue working with the ZRA, as it normally does, to resolve the issue.
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