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In this edition of RCKS Charts, Keith has evaluated Novo Resources (TSXV:NVO), Golden Star Resources (TSX:GSC), Group Ten Metals (TSXV:PGE), Red Pine Exploration (TSXV:RPX), Bonterra Resources (TSXV:BTR) and Tinka Resources (TSXV:TK). read more
In this edition of RCKS Charts, Keith has evaluated Golden Star Resources (TSX:GSC), Novo Resources (TSXV:NVO), Tinka Resources (TSXV:TK), Austral Gold (TSXV:AGLD, ASX:AGD), Ethos Capital (TSXV:ECC), Group Ten Metals (TSXV:PGE) and Teras Resources (TSXV:TRA). read more
Golden Star Resources Ltd. (TSX:GSC, NYSE MKT:GSS) reported Q2 2016 financial results which reflected the planned 2.5-week shutdown. On previously reported production of 42,472 oz, Golden Star reported consolidated operating cash costs of US$959/oz for Q2 and US$826/oz for H1 2016. Despite higher costs, the rising gold price saw CFPS before changes in working capital increased 75% QoQ to US$0.07. In our view, the 33% higher costs QoQ is likely reflective of the planned shutdown and we would expect costs to improve in H2 2016, particularly since the higher grade ore from Wassa underground is expected to hit the mill in H2. Based on these results and the expected improvement, we believe that Golden Star remains on-track to achieve both production and cost guidance in 2016. read more
Golden Star Resources Ltd. (TSX:GSC, NYSEMKT:GSS, GSE:GSR) reported Q2 2016 production of 42,472 oz Au which brings YTD production to 95,678 oz Au, 53% of the lower-end of full-year 2016 guidance (180,000 to 205,000 oz Au). In our view, Golden Star remains on-track to meet this year’s guidance, despite a 2.5 week shutdown in Q2. As well, the company continues to make steady progress in its transition to becoming a higher-grade, lower-cost underground miner, with the first stope blasted at Wassa underground. The company’s YTD outperformance is supported by the ongoing transition; however, continued operating success, particularly with respect to costs, is likely needed to maintain this trend. read more
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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