• 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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  • 6:04 PM

    After market closed, MTY Food Group (TSE:MTY) posted second quarter Revenues of $38.4 million, EBITDA of $13.4 million and EPS of $0.44 versus our estimates of $35.5 million, $10.9 million and $0.33 versus consensus of $34.3 million, $12.0 million and $0.37 respectively. The solid earnings were largely the result of higher than anticipated ($1.5 million)

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  • 6:02 PM

    For Horizon North Logistics (TSE:HNL), we are off restriction following the completion of its $80.6 million bought deal, which includes 15% overallotment option at $3.75 per share. We are reiterating our 12 months price target of $4.00 and maintain “Sector Outperform” rating as of now. We see company financing in expectation of LNG opportunities. Following

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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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  • 5:54 PM

    Niko Resources Ltd (TSE:NKO) posted that the Government of India cut the price of natural gas by 8% to $5.18/mmBtu from $5.61/mmBtu, which comes in below our base estimates of $5.25-$5.50/mmBtu. We continue to see the revenues from the updated price as insufficient for Niko to demonstrate any material positive net asset value value and

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