Latest Reports on Wesdome Gold Mines, Ivanhoe Mines, Cameco, and Timmins Gold

NEW YORK, NY / ACCESSWIRE / August 26, 2016 / The S&P/TSX Composite Index fluctuated between gains and losses Thursday before settling to close at 14,630.72, up 0.03 percent. Strong quarterly earnings by Canadian Imperial Bank of Commerce and Toronto-Dominion Bank were offset by a drop in gold prices. Spot gold touch a four-week low in trading Thursday after economic data release in the raised speculation of a potential rate hike by the Federal Reserve. The S&P/TSX Venture Composite Index gained 1.56 percent to close at 801.86, still down by 3.75 percent so far this week. Register with us now for your free membership and gain access to our latest reports at: www.rdinvesting.com/subscribe-today/.

Wesdome Gold Mines Ltd. (TSX: WDO)

Get Your Up-To-Date Wesdome Gold Mines Research Report at www.rdinvesting.com/company/WDO.

Wesdome Gold Mines shares soared 49.33 percent to close at C$2.24 a share Thursday. The stock traded between C$1.71 and C$2.24 on volume of 4.48 million shares traded. The company announced the finding of a high grade gold discovery at its Kiena mine complex located near Val d’Or, Quebec. “These early results exceed expectations, and these rich veins are unlike anything previously encountered at this property. Three holes have been completed to date, hitting four high-grade intersections,” commented George Mannard, Wesdome’s vice-president of exploration. Shares of Wesdome Gold Mines have gained approximately 76.4 percent year-to-date and are up roughly 23.8 percent in the past month.

Ivanhoe Mines Ltd. (TSX: IVN)

Get Your Up-To-Date Ivanhoe Mines Research Report at www.rdinvesting.com/company/IVN.

Ivanhoe Mines’ shares gained 1.22 percent to close at C$1.66 a share Thursday. The stock traded between C$1.58 and C$1.70 on volume of 1.74 million shares traded. On Thursday, Ivanhoe reported positive results from its Kakula discovery on the company’s Kamoa copper project in the Democratic Republic of the Congo. “The consistent frequency of thick intersections of exceptionally high-grade copper mineralization from both infill and step-out drill holes enhances our absolute confidence that Kakula is a game-changing discovery for the Kamoa project,” said Robert Friedland, executive chairman. Shares of Ivanhoe Mines have gained approximately 172.1 percent year-to-date and are up roughly 49.6 percent in the past month.

Cameco Corporation (TSX: CCO)

Get Your Up-To-Date Cameco Research Report at www.rdinvesting.com/company/CCO.

Cameco’s shares declined 1.38 percent to close at C$12.18 a share Thursday. The stock traded between C$12.14 and C$12.36 on volume of 1.00 million shares traded. The company reported net earnings were a loss of C$137 million for the second quarter of 2016, compared to earnings of C$88 million in the second quarter of 2015. BMO Nesbitt Burns analyst Edward Sterck currently has an “outperform” rating on the stock with a price target of C$17.00. Shares of Cameco have fallen approximately 28.7 percent year-to-date and are down roughly 10.0 percent in the past month.

Timmins Gold Corp. (TSX: TMM)

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

Timmins Gold’s shares gained 7.02 percent to close at C$0.61 a share Thursday. The stock traded between C$0.57 and C$0.62 on volume of 1.23 million shares traded. The company has recently raised its 2016 production guidance from 75,000 to 85,000 ounces of gold, to 90,000 to 100,000 ounces. Timmins has also lowered its cash cost guidance to $750 to $800 per ounce. Shares of Timmins Gold have gained approximately 221.1 percent year-to-date and are up roughly 1.7 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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