Bourse Briefs
B2Gold Corp (B2G)
B2G, dual-listed on the Overall Index of the Namibian Stock Exchange (NSX), reported total gold production of 220 644 ounces in the first quarter of 2021, 9% or 18 542 ounces above budget, and consolidated gold production of 205 643 ounces from the company’s three operating mines, 9% or 17 291 ounces) above budget.
Consolidated gold revenue was US$362 million on sales of 202 330 ounces at an average price of US$1 791 per ounce.
For full-year 2021, B2G says it remains well positioned for continued strong operational and financial performance with total gold production guidance of between 970 000 to 1 030 000 ounces, with total consolidated forecast cash operating costs of between US$500 to US$540 per ounce and total consolidated all-in sustaining costs (AISC) of between US$870 to US$910 per ounce.
Based on current assumptions, including a gold price of US$1 800 per ounce, B2G expects to generate cash-flows from operating activities of approximately US$630 million for the full-year 2021.
Paladin Energy (PDN)
PDN, dual-listed on the Overall Index of the NSX, has successfully completed the A$218.7-million equity raise to redeem Paladin’s senior notes and reset its capital structure, the company said in its latest quarterly cash-flow and activities report. PDN provided a notice of redemption to the holders of the outstanding US$115-million senior notes, and the full redemption payment was processed on 12 April 2021.
The notes redemption removes PDN’s legacy corporate debt providing the company with financial security, optionality on future funding structures for the Langer Heinrich Mine (LHM) restart, and significant benefits for the company’s uranium marketing activities, it said.
PDN continued to progress the critical-path elements of its restart planning at the globally significant LHM during the past quarter, it said.
PDN held US$168.4 million of cash and cash equivalents as at 31 March 2021. Excluding the net equity raise proceeds received to 31 March 2021, cash and cash equivalents at quarter end were US$29.9 million.
Anglo American (ANM)
ANM, dual-listed on the Overall Index of the NSX, first-quarter production rose 3% year-on-year despite some operations running at 95% capacity because of Covid-19 disruptions.
Copper production climbed 9% to 160 000 tonnes in the quarter from 147 000 tonnes in the same period last year, but down from 168 000 tonnes in the previous three months. Diamond output slipped 7% year-on-year, partly due to excessive rainfall in Southern Africa and a Covid-19-related shutdown in Canada.
Iron ore production was up 1% at 16.2 million tonnes in the first quarter, while production of platinum group metals rose to 1.02 million ounces from 955 000 in the same period a year ago. – Nampa/Reuters
B2G, dual-listed on the Overall Index of the Namibian Stock Exchange (NSX), reported total gold production of 220 644 ounces in the first quarter of 2021, 9% or 18 542 ounces above budget, and consolidated gold production of 205 643 ounces from the company’s three operating mines, 9% or 17 291 ounces) above budget.
Consolidated gold revenue was US$362 million on sales of 202 330 ounces at an average price of US$1 791 per ounce.
For full-year 2021, B2G says it remains well positioned for continued strong operational and financial performance with total gold production guidance of between 970 000 to 1 030 000 ounces, with total consolidated forecast cash operating costs of between US$500 to US$540 per ounce and total consolidated all-in sustaining costs (AISC) of between US$870 to US$910 per ounce.
Based on current assumptions, including a gold price of US$1 800 per ounce, B2G expects to generate cash-flows from operating activities of approximately US$630 million for the full-year 2021.
Paladin Energy (PDN)
PDN, dual-listed on the Overall Index of the NSX, has successfully completed the A$218.7-million equity raise to redeem Paladin’s senior notes and reset its capital structure, the company said in its latest quarterly cash-flow and activities report. PDN provided a notice of redemption to the holders of the outstanding US$115-million senior notes, and the full redemption payment was processed on 12 April 2021.
The notes redemption removes PDN’s legacy corporate debt providing the company with financial security, optionality on future funding structures for the Langer Heinrich Mine (LHM) restart, and significant benefits for the company’s uranium marketing activities, it said.
PDN continued to progress the critical-path elements of its restart planning at the globally significant LHM during the past quarter, it said.
PDN held US$168.4 million of cash and cash equivalents as at 31 March 2021. Excluding the net equity raise proceeds received to 31 March 2021, cash and cash equivalents at quarter end were US$29.9 million.
Anglo American (ANM)
ANM, dual-listed on the Overall Index of the NSX, first-quarter production rose 3% year-on-year despite some operations running at 95% capacity because of Covid-19 disruptions.
Copper production climbed 9% to 160 000 tonnes in the quarter from 147 000 tonnes in the same period last year, but down from 168 000 tonnes in the previous three months. Diamond output slipped 7% year-on-year, partly due to excessive rainfall in Southern Africa and a Covid-19-related shutdown in Canada.
Iron ore production was up 1% at 16.2 million tonnes in the first quarter, while production of platinum group metals rose to 1.02 million ounces from 955 000 in the same period a year ago. – Nampa/Reuters
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