Metals & Minerals

  • 12:33 PM

    TransGlobe Energy (NASDAQ:TGA) announced poorer than estimated fourth quarter CFPS of -$0.14 against consensus at -$0.05. The key reason of the miss was led by lower crude sales (mainly due to Egypt) and lower than estimated realized prices.  Analysts yet maintain “Sector Perform” rating on TransGlobe Energy with 1-year target price of C$3.25 per share.

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  • 1:11 PM

    August 12, 2016: Algonquin Power & Utilities Corp. (AQN) announced another solid quarter early in morning, before market opened. Algonquin reported what consensus anticipated being a solid Q2 2016. The adjusted EPS of $0.10 remained marginally ahead of $0.09 street estimate as its core utilities performed far better than expected, which was partially offset by

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  • 5:39 AM

    Thompson Creek Metals Company Inc. (NYSE:TC) released satisfactory second quarter operating results for its Mt. Milligan copper-gold mine during market trading hours. The ramp-up at Mt Milligan made material progress in the quarter (second quarter is the seventh full quarter of operation), as the mine produced (on a payable basis) 20.2 million lbs of copper

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  • 7:17 AM

    Before market opened on Thursday, Silver Standard Resources Inc.(NASDAQ:SSRI) posted extraordinary second quarter production results and increased 2015 guidance. Silver Standard has made it again. First quarter production exceeded expectations, and now second quarter has crushed our estimates. At Marigold, gold production of 48.7 thousand ounces beat our estimate by 29%. Silver production also impressed,

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  • 8:10 AM

    Pacific Rubiales Energy Corp (TSE:PRE) disclosed the termination of the proposed takeover offer from Alfa, S.A.B. de C.V. and Harbour Energy that will leave the firm to continue pushing forward in a challenging environment. With the deal falling through and with company’ high debt levels / limited growth visibility, we expect the stock will suffer

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  • 7:08 AM

    Following approval of the Environmental Impact Assessment (EIA) for its 70%-owned Santo Domingo project obtained on the plans outlined in the 2014 Feasibility Study (FS), Capstone Mining Corp. (TSE:CS) is continuing to evaluate the project within the stage-gate approach re-scoped given market conditions. As the original plan for SD prioritized copper recovery over iron, we

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  • 5:54 PM

    Before market opened on Wednesday; SEMAFO (TSE:SMF) released an revised NI 43-101 resource forecast for the recently acquired Natougou Au deposit in Burkina Faso. We reiterate our “Sector Outperform” rating on SEMAFO shares and our 12 months target price of C$5.50. Our risk assessment remains “Speculative”. The revised resource forecast includes an Indicated resource of

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  • 5:57 PM

    We are unconvinced by The Mosaic Company (NYSE:MOS)’s arguments that potash concerns are overblown, but more bullish on phosphate. We didn’t appreciate net closures of Chinese P capacity and therefore, why MOS/CRU is now looking for annual decreases in Chinese P exports. They are calling 2014 peak Chinese exports, which is clearly bullish. If higher

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