On Friday, Shares of Kinross Gold Corporation (USA) (NYSE:KGC), gained 5.62% to $1.88.
Kinross Gold Corporation’s (TSX:K.TO) (KGC) Paracatu operation in Brazil has returned to normal production levels following a partial production curtailment on November 5th, 2015 due to lack of sufficient rainfall.
Both Plant 1 and Plant 2 resumed full production on November 20th, 2015, and the Paracatu area has seen an improvement in rainfall as the rainy season, which historically runs from October to April, progresses. The Santo Antonio tailings reprocessing project, planned to commence in Q4 2015, remains temporarily suspended until the water balance is fully restored.
The temporary curtailment of Plant 1 and Plant 2 is predictable to impact production by a minimum of 16,000 gold ounces and a maximum of 34,000 gold ounces in Q4 2015, depending on the amount of rainfall received in December. The impact range contemplates the possibility of another curtailment should the site receive less than one-third of the average rainfall for the month of December. Given December is typically the wettest month of the year, the Company forecasts this to be a low probability. As noted in the Q3 2015 results, the Company anticipates to be within its production guidance for the year of 2.5 - 2.6 million Au eq. oz.
Kinross Gold Corporation, together with its auxiliaries, engages in the acquisition, exploration, and development of gold bearing properties. It is involved in mining and processing gold and silver ores. The company’s gold production and exploration activities are carried out principally in Canada, the United States, the Russian Federation, Brazil, Chile, Ghana, and Mauritania.
Shares of B2Gold Corp (NYSEMKT:BTG), inclined 3.70% to $1.12, during its last trading session.
B2Gold Corp., declare that it has filed a preliminary short form base shelf prospectus (the “Shelf Prospectus”) with the securities commissions in each of the provinces of Canada, except Québec, and a corresponding shelf registration statement on Form F-10 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”) under the U.S./Canada Multijurisdictional Disclosure System.
The Shelf Prospectus and Registration Statement, when made final or effective, will allow the Company to offer up to US$300,000,000 of debt securities, warrants, subscription receipts, units or common shares, or any combination thereof, from time to time during the 25-month period that the Shelf Prospectus is effective. The Company filed this Shelf Prospectus in order to maintain financial strength and flexibility going forward. The specific terms of any future offering will be established in a prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian securities regulatory authorities and the SEC.
The Registration Statement filed recently with the SEC has not yet become effective. No securities may be sold, nor may offers to buy be accepted under the base shelf prospectus before the time the Registration Statement becomes effective. This news release shall not in any circumstances constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful before the registration or qualification under the applicable securities laws of any such jurisdiction.
B2Gold Corp., a mid-tier gold mining company, explores and develops mineral properties in Nicaragua, the Philippines, Namibia, Burkina Faso, and Chile. The company principally explores for gold, silver, and copper. It primarily holds a 100% interest in the La Libertad mine, which comprises of an exploitation concession covering 10,950 hectares located in Nicaragua; a 95% interest in the Limon mine property that covers an area of 12,000 hectares located northwest of Managua; and has 95% interest in Limon gold mine located in northwestern Nicaragua.
Finally, Huntsman Corporation (NYSE:HUN), ended its last trade with 6.61% gain, and closed at $10.49.
Huntsman Corporation, declared global price improvements for all its titanium dioxide pigments. The following improvements are effective January 1, 2016, or as contracts allow:
Europe: €150 (Euros) per tonne or $160 (USD) per tonne in dollar-based markets
North America: $0.07 per pound (USD)
Asia-Pacific, Africa, Latin America and Middle East: $160 (USD) per tonne
Huntsman Corporation, together with its auxiliaries, manufactures and sells differentiated organic and inorganic chemical products worldwide. The company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.