Yamana Files 'Early Warning Report' On Possible Offer For Brio Gold
Yamana Gold Inc. Inc. (TSX: YRI)(NYSE: AUY)announces that the company has filed an “early warning report” under NationalInstrument 62-103 in connection with Leagold Mining Corp.’s previouslyannounced intention to make an offer to acquire all outstanding common sharesof Brio Gold Inc. In the event Leagold makes an offer, Yamana says it hasagreed to tender its 63 million Brio shares that represent 53.6% of alloutstanding Brio shares, or vote all of its Brio shares in favor of anegotiated plan of arrangement or other business combination between Leagoldand Brio Gold.
By Allen Sykoraof Kitco News; asykora@kitco.com
Silvercorp Metals ReportsQuarterly Profit
Friday February 09, 2018 08:14
Silvercorp Metals Inc. (TSX, NYSE American: SVM) reportsthat net income was $12.7 million, or 8 cents per share in its fiscal third quarter, compared to $13.1 million, also 8 cents, in the same period a yearago. Sales included 1.5 million ounces of silver, 15.8 million pounds of lead and 6.4 million pounds of zinc, compared to 1.7 million ounces of silver, 19.5 million pounds of lead and 5.7 million pounds of zinc in the prior-year quarter. All-in sustaining cost per ounce of silver, after by-product credits, were $3.16, compared to $1.87 a year ago.The company’s says its quarterly results weremainly impacted by year-on-year increases of 8% and 37% in the realized sellingprices for lead and zinc, respectively; a 3% decrease in the selling price forsilver; less metals sold as inventory built up; and higher per-tonne productioncosts.
By Allen Sykoraof Kitco News; asykora@kitco.com
CenterraReports Increase In Gold, Copper Reserves
Friday February 09, 2018 08:14
CenterraGold Inc. (TSX: CG)says end-of-2017 proven and probable gold mineral reserves increased to 16.3million ounces (746.8 million tonnes at 0.7 grams per tonne gold) from 16million ounces a year ago. Copper proven and probable reserves were estimatedat 2,568 million pounds (575.3 tonnes at 0.202% copper), up from 2,049 millionpounds a year ago. The mineral reserve for the Kemess Underground -- of 1.9million ounces of gold and 630 million pounds of copper -- have been includedin the mineral reserve statement following the completion of Centerra’sacquisition of AuRico Metals on Jan. 8. “With the recent acquisition of AuRicoMetals, including the Kemess Project’s mineral reserves and resources, and oursuccessful brownfields exploration at the Mount Milligan Mine and the ?-ks? 1/4 tproject, we were able to offset the depletion of 1.1 million contained ouncesof gold during 2017,” says Scott Perry, president and chief executive officer.
By Allen SykoraFor Kitco News
Follow @AllenSykora
asykora@kitco.com Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.