Latest Reports on Kinross Gold, Lundin Mining, New Gold, and Suncor Energy

NEW YORK, NY / ACCESSWIRE / September 9, 2016 / The Toronto Stock Exchange posted a slight gain Thursday as gains in the Energy Sector were enough to offset declines from Financials and Materials. The S&P/TSX Composite Index gained 0.04 percent to close at 14,803.26, while the S&P/TSX Venture Composite Index gained 0.45 percent to close at 825.60. The Energy sector jumped 2.08 percent, while the Financials and Materials sector posted declines of 0.25 percent and 1.31 percent, respectively.

Global markets slipped Thursday after the European Central Bank left its €1.7 trillion ($1.9 trillion) stimulus program unchanged at their recent policy meeting. ECB’s economists have lowered their growth forecast for the economy to 1.6 percent next year, from their previous estimates of 1.7 percent. Analysts are focusing now on whether ECB will announce any technical adjustments to its existing stimulus program to get an indication of whether ECB plans to lengthen the timeframe of its current quantitative easing.

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Kinross Gold Corporation (TSX: K)

Get Your Up-To-Date Kinross Gold Research Report at www.rdinvesting.com/company/K.

Kinross Gold’s shares declined 1.88 percent to close at C$5.74 a share Thursday. The stock traded between C$5.68 and C$5.89 on volume of 4.01 million shares traded. The company reported production of 671,267 gold equivalent ounces (Au eq. oz.) for the second quarter of 2016, compared with 660,898 Au eq. oz. in the second quarter of 2015. Revenues for the second quarter of 2016 totaled $876.4 million, compared with $755.2 million in Q2 2015. Shares of Kinross Gold have gained approximately 128.7 percent year-to-date and are down roughly 19.4 percent in the past month.

Lundin Mining Corporation (TSX: LUN)

Get Your Up-To-Date Lundin Mining Research Report at www.rdinvesting.com/company/LUN.

Lundin Mining shares declined 0.94 percent to close at C$5.25 a share Thursday. The stock traded between C$5.20 and C$5.30 on volume of 1.34 million shares traded. On September 1st, the company releases its mineral resource and reserve estimates as at June 30, 2016. “On a consolidated and attributable basis, contained metal in the proven and probable mineral reserve category totaled 3,931,000 tons of copper, 2,737,000 tons of zinc and 95,000 tons of nickel.” Shares of Lundin Mining have gained approximately 38.2 percent year-to-date and are down roughly 6.8 percent in the past month.

New Gold Inc. (TSX: NGD)

Get Your Up-To-Date New Gold Research Report at www.rdinvesting.com/company/NGD.

New Gold’s shares fell 4.90 percent to close at C$6.40 a share Thursday. The stock traded between C$6.34 and C$6.68 on volume of 2.76 million shares traded. The company reported that its Rainy River project, located in Northwestern Ontario, is approximately 45 percent complete and remains on schedule for its targeted mid-2017 start-up. Once in production, Rainy River average annual production is expected to be 325,000 ounces. Shares of New Gold have gained approximately 98.8 percent year-to-date, but have fallen roughly 13.8 percent in the past month.

Suncor Energy Inc. (TSX: SU)

Get Your Up-To-Date Suncor Energy Research Report at www.rdinvesting.com/company/SU.

Suncor Energy’s shares gained 1.33 percent to close at C$35.76 a share Thursday. The stock traded between C$35.23 and C$35.93 on volume of 2.93 million shares traded. On August 9th, the company announced that it has acquired a 30 percent participating interest in the U.K. North Sea Rosebank project from OMV (U.K.) Limited. “The Rosebank project, located approximately 130 kilometers northwest of the Shetland Islands in water depths of approximately 1,110 meters, was discovered in December 2004 and is considered one of the best and largest remaining undeveloped resources in the U.K. North Sea.” Suncor stated in the news release. Shares of Suncor Energy have gained approximately 0.11 percent year-to-date and have gained roughly 0.34 percent in the past month.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Hemal K. Gandhi, a CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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