By Melissa Shaw
Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported second quarter 2017 results. On a sequential basis, the Company increased revenue on higher shipments and grew its cash balance. Alcoa additionally maintained solid profitability despite lower alumina pricing.
The Company tightened its outlook for full-year
Arizona Mining (TSX:AZ) is pleased to announce it has closed the private placement with South32 International Investment Holdings Pty Ltd (“South32”), an affiliate of South32 Limited, for 45 million common shares in the Company (the “Shares”) at a price of C$2.45 per Share for gross proceeds of C$110.3 million (the
Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) is pleased to announce it has signed a binding private placement agreement for 45 million common shares in the Company (the “Shares”) at a price of C$2.45 per Share with South32 Limited (“South32”) for gross proceeds of C$110.3 million (the
By Melissa Shaw
Potash Ridge Corporation (“Potash Ridge” or the “Corporation”) (TSX: PRK) is pleased to announce it has published a revision to an independent NI 43-101 compliant Prefeasibility Technical Report for the Corporation’s Blawn Mountain Project in Utah (“Blawn Mountain”) dated January 18, 2017 (the “January 2017 PFS”). This updated NI 43-101 Prefeasibility Technical Report (the
By Melissa Shaw
Company grew profits sequentially on stronger alumina and aluminum pricing
1Q 2017 Results
Net income of $225 million, or $1.21 per share
Excluding special items, adjusted net income of $117 million, or $0.63 per share
Adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), excluding special items of $533 million, up
By Melissa Shaw
Rio Tinto chief executive J-S Jacques commented on the results:
Despite challenging weather conditions at our West Australian and Queensland operations, we delivered solid production in the first quarter of 2017. Our strategy is unchanged. Our number one priority is safety. We maintain our disciplined approach to capital management and maximising
Exeter Resource (TSX:XRC; NYSE-MKT:XRA; Frankfurt:EXB) and Goldcorp Inc. (NYSE: GG, TSX: G) (“Goldcorp”) are pleased to announce that Goldcorp has formally commenced an offer (the “Offer”) to the shareholders of Exeter to acquire all of the issued and outstanding common shares of Exeter (the “Exeter Shares”) in exchange for common
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) is pleased to announce that the initial results from Wallbridge’s first drilling program on its 100% owned Fenelon Gold property (“Fenelon”) in Quebec have exceeded expectations and have confirmed the resource expansion potential on the property. The exploration drill program at Fenelon commenced
Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF), today reported that the first phase of its advanced process test-work to extract rare-earth elements (REE) from monazite sand has yielded positive results.
Exeter Resource (TSX:XRC; NYSE-MKT:XRA; Frankfurt:EXB) is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Goldcorp Inc. (NYSE: GG) (TSX: G) (“Goldcorp”), whereby Goldcorp will acquire all of the outstanding shares of Exeter under a plan of arrangement for consideration of 0.12 of a Goldcorp
Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) has commenced resource expansion drilling at its 100-per-cent-owned Fenelon gold mine property in Quebec.
Medallion Resources Ltd. (TSXV:MDL, OTCQX:MLLOF), at the request of Canadian regulatory authority IIROC, confirms that its management is unaware of any material change to the Company or its business that would account for the recent increase in market activity.
At the annual general meeting of shareholders held on Feb. 27, 2017, incumbent directors David Terry, Doug Turnbull, Steven Goldman and Rasool Mohammad were re-elected to the board of directors of Comstock Metals (TSXV:CSL), and Ken Kuchling and Jeffrey Gregory were elected as new directors.
Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) released its full results for 2016, commenting that it generated strong operating cash flow of $8.5 billion. Underlying earnings came in at $5.1 billion, and the company plans to return $3.6 billion to shareholders.
Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) (“Orbite” or the “Company”) today informs that the calcination system at its high purity alumina (“HPA”) plant is presently in temperature ramp up mode to operational conditions for the continued production of HPA.
“We are pleased to be restarting production operations towards commercial production at our HPA