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Tag: gold mining companies

Levon to Complete Resource Infill Drilling to Test a Starter Pit Scenario

Levon to Complete Resource Infill Drilling to Test a Starter Pit Scenario

Levon Resources Ltd. (TSX:LVN, QTCQX:LVNVF) announces that it plans 5,000m (28 core holes) in close spaced, infill drilling within the Cordero Felsic Dome portion of the 2014 Cordero resource (the “2014 Resource”), to test for near surface, high grade mineralization within the modeled open pit containing the 2014 Resource, calculated

Barrick Achieves 2016 Production Guidance

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced preliminary full-year gold production of 5.52 million ounces for 2016, at the high end of the Company’s guidance of 5.25-5.55 million ounces. The Company produced 1.52 million ounces of gold in the fourth quarter. Cost of sales applicable to gold

Major Drilling Reports First Quarter Results for Fiscal 2017

MONCTON, NEW BRUNSWICK–(Marketwired – Sept. 6, 2016) – Major Drilling Group International Inc. (TSX:MDI) today reported results for its first quarter of fiscal year 2017, ended July 31, 2016.

Highlights

In millions of Canadian dollars
(except earnings per share)
Q1-17
Q1-16

Revenue
$69.1
$83.9

Gross profit
15.1
21.6

As percentage of revenue
21.9%
25.8%

EBITDA(1)
3.8
11.4

As percentage of revenue
5.5%
13.5%

Net loss
(9.8)
(11.2)

Loss per share
(0.12)
(0.14)

(1)
Earnings before interest, taxes, depreciation

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