Barrick Gold – (ABX:TSX) – Barrick continues to deliver on its promise to reduce company debt by $3 billion in 2015. This morning Barrick announced they have sold non-core assets in Nevada for US$720 million in cash. On completion of the deal Barrick will have met its goal, with $3.2 million of asset sales, joint… Continue Reading
A quick look at the news releases from NexGen Energy and Semafo with additional comments on each. Thanks for reading. NexGen Energy – (NXE:TSXV) – NexGen is out with radioactivity results for 5 drill holes from the Rook 1 property in Saskatchewan. All 5 drill holes this morning have intersected substantial mineralization and were step out… Continue Reading
A look at two junior gold producers this morning with some additional comments on each. Semafo – (SMF:TSX) – Semafo is out with Q1 results reporting a net loss of $8.1 million (3 cents per share). Gold production came in at 65,200 which included a planned 5 week shut down of the SAG mill. Semafo reported… Continue Reading
The team at Semafo (SMF.T) has been busy the last couple days issuing two separate news releases. An acquisition offer has been made to Australian listed Orbis Gold (OBS:ASX) for between 62-65 cents (Australian) per share. The second news release was an operational update on Q3 results and production guidance. The market was impressed with Semafo shares trading up… Continue Reading
