Avino Silver & Gold Mines reports Q1 EPS (1c) vs 0c last year » 19:3105/1205/12/21
Reports Q1 revenue $29M…
Pan American Silver sees FY21 silver production 20.5M-22M ounces » 17:0705/1205/12/21
Sees FY21 gold production…
Pan American Silver reports Q1 adjusted EPS 18c, consensus 43c » 17:0605/1205/12/21
Reports Q1 revenue…
Reports Q1 revenue $368.1M, consensus $448.11M. Consolidated silver production of 4.6 million ounces primarily reflects reduced production at La Colorada and Dolores. In addition to the COVID-19 related impact, noted above, at La Colorada, the bottom 42 metres of the new ventilation raise from surface to the 345 metre level became blocked from sloughing of the raise wall during shotcreting and commissioning in Q1 2021, restricting mining rates. Pan American is currently working to bypass the blockage through drifting from a nearby ramp and additional raise boring. This work is expected to be completed in Q3 2021, enabling mining rates to improve later this year. At Dolores, lower silver production reflects mine sequencing into higher gold grades and lower silver grades, as expected. Consolidated gold production of 137.6 thousand ounces reflects reduced production at Timmins where we adjusted mining to address geotechnical conditions in a section of the Bell Creek mine, and at Shahuindo from lower tonnes placed, grades and extraction rates due to mine sequencing. As expected, Dolores benefited from mine sequencing into higher gold grades, albeit at a lower ratio of ounces recovered to stacked due to temporary leach constraints during the current stage of pad construction. "Q1 was a challenging quarter, as the COVID-19 pandemic continues to grip Latin America, impacting our workforce, communities and operations. At La Colorada, we experienced large inventory build-ups and a blockage of a ventilation project that occurred during commissioning, which reduced Q1 sales and production. These are transitory issues expected to be resolved during the remainder of 2021, with the roll-out of vaccination programs across our operating jurisdictions alleviating some of the impact of the pandemic," said Michael Steinmann, President and Chief Executive Officer. "In Q1, we also made large tax payments totaling $61.3 million."
Endeavour Silver reports Q1 EPS 8c, consensus 4c » 06:5205/1105/11/21
Reports Q1 revenue…
Reports Q1 revenue $35.1M, consensus $38.33M. Produced 1,039,710 ounces, or oz, silver, up 22% and 10,894 oz gold, up 31%, in line with guidance of 1.9M oz silver equivalent up 26%, at an 80:1 silver:gold ratio, compared to Q1, 2020. Bradford Cooke, CEO, commented, "We are off to a good start in 2021, with the mining operations meeting our production plans notwithstanding the severe weather events that caused a slow down of production during the Q1. As a result, our operating costs were a bit higher than plan but we expect costs to be lower going forward. Revenue, cash flow and earnings were all sharply higher in Q1, 2021 compared to Q1, 2020. The sale of El Cubo helped boost our earnings, offset by our decisions to hold back some metal inventory from sale near the end of the 1st quarter as well as elevated general and administrative expenses."
Equinox Gold price target raised to C$20 from C$18.50 at BMO Capital » 11:4505/0605/06/21
BMO Capital analyst Ryan…
BMO Capital analyst Ryan Thompson raised the firm's price target on Equinox Gold to C$20 from C$18.50 and keeps an Outperform rating on the shares.
Equinox Gold price target lowered to C$18.50 from C$19 at TD Securities » 11:2005/0605/06/21
TD Securities analyst…
TD Securities analyst Arun Lamba lowered the firm's price target on Equinox Gold to C$18.50 from C$19 and keeps a Buy rating on the shares.
|Over a week ago|
Pan American Silver call volume above normal and directionally bullish » 14:0505/0305/03/21
Bullish option flow…
Bullish option flow detected in Pan American Silver with 3,324 calls trading, 1.2x expected, and implied vol increasing over 2 points to 47.50%. May-21 36 calls and May-21 35 calls are the most active options, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 0.31. Earnings are expected on May 12th.
Largest borrow rate increases among liquid names » 08:4504/2904/29/21
BLNK, CCIV, THBR, NEPT, ACB, EQX, CS, TAN, PATH, IDEX
Latest data shows the…
Latest data shows the largest indicative borrow rate increases among liquid option names include: Blink Charging (BLNK) 60.37% +3.55, Churchill Capital Corp IV (CCIV) 29.96% +0.72, Thunder Bridge Acquisition II (THBR) 1.12% +0.67, Neptune Technologies (NEPT) 27.68% +0.60, Aurora Cannabis (ACB) 61.22% +0.55, Equinox Gold (EQX) 1.05% +0.43, Credit Suisse (CS) 2.54% +0.34, Guggenheim Global Solar Index (TAN) 8.81% +0.25, UiPath (PATH) 3.40% +0.24, and Ideanomics (IDEX) 15.88% +0.21.
Alamos Gold reports Q1 EPS 13c, consensus 5c » 17:0404/2804/28/21
Reports Q1 revenue…
Reports Q1 revenue $227.4M, consensus $167.43M. Q1 Production of 125,800 ounces of gold, above the top end of quarterly guidance, and a 14% increase from the first quarter of 2020, driven by significantly higher production at Young-Davidson and another record quarter at Island Gold. "We had a strong start to 2021 with gold production exceeding guidance for the quarter. Our Canadian operations performed particularly well, with Young-Davidson ramping up to record mining rates and yet another quarterly production record at Island Gold," said John A. McCluskey, CEO.
Alamos Gold price target lowered to $10 from $11 at JPMorgan » 07:4704/2704/27/21
JPMorgan analyst Tyler…
JPMorgan analyst Tyler Langton lowered the firm's price target on Alamos Gold to $10 from $11 and keeps a Neutral rating on the shares. Gold stocks year-to-date have been pressured by rising real yields and falling gold prices, Langton tells investors in a research note. The analyst rolled a $1,730 gold forward price into models through 2024 and reduced estimates and price targets as a result. That said, he still sees about 14% upside in the stocks on average.