Latest Reports on Market Movers Kirkland Lake Gold, Nemaska Lithium, Endeavour Mining, and Yamana Gold

NEW YORK, NY / ACCESSWIRE / November 1, 2016 / Canadian markets rose slightly to open the week Monday as gains by Financials and Materials sectors more than offset a sharp decline by the Energy sector. The S&P/TSX Composite Index increased 0.01 percent to close at 14,787.40, while the S&P/TSX Venture Composite Index posted a decline of 0.39 percent to close at 772.78. The Energy sector was the biggest loser of the day with a decline of 1.67 percent, while the Financials and Materials sectors posted gains of 0.25 percent and 1.74 percent, respectively.

Gold prices were flat on Monday after investors took profits from the precious metal’s rally Friday. Gold for December delivery closed at $1,277.90 a troy ounce, a gain of 0.38 percent, on the Comex division of the New York Mercantile Exchange.

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Kirkland Lake Gold Inc. (TSX: KLG)

Get Your Up-To-Date Kirkland Lake Gold Research Report at www.rdinvesting.com/company/KLG.

Kirkland Lake Gold’s shares spiked 13.28 percent to close at C$9.30 a share Monday. The stock traded between C$8.30 and C$9.35 on volume of 1.79 million shares traded. On October 31st, the company and and Newmarket Gold Inc.’s mailed joint management information circular, and respective form of proxy and letter of transmittal to shareholders. “On behalf of the board of directors, we are pleased to present a very attractive opportunity to shareholders of Kirkland Lake Gold, which we believe will provide our shareholders with significant benefits and potential opportunities not available to Kirkland Lake Gold on a stand-alone basis.”Kirkland wrote in a letter to shareholders. Shares of Kirkland Lake Gold have gained approximately 92.2 percent year-to-date, but have fallen roughly 6.5 percent in the past month.

Nemaska Lithium Inc. (TSX: NMX)

Get Your Up-To-Date Nemaska Lithium Research Report at www.rdinvesting.com/company/NMX.

Nemaska Lithium shares increased 6.06 percent to close at C$1.40 a share Monday. The stock traded between C$1.37 and C$1.43 on volume of 1.54 million shares traded. ON October 31st, the company announced that its wholly owned subsidiary Nemaska Lithium Shawinigan Transformation Inc. has signed a long-term lithium carbonate supply agreement with FMC Corp. Under the terms of the agreement, Nemaska Lithium will provide FMC with 8,000 tonnes per year of lithium carbonate beginning in mid-2018. Shares of Nemaska Lithium have gained approximately 218.2 percent year-to-date and have fallen roughly 11.4 percent in the past month.

Endeavour Mining Corp. (TSX: EDV)

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

Endeavour Mining shares gained 5.52 percent to close at C$26.20 a share Monday. The stock traded between C$24.92 and C$26.22 on volume of 238,342 shares traded. The company reported production from continuing operations increased 6.0 percent in the third quarter of 2016 when compared to the previous quarter. All-in Sustaining Cost (AISC) continued to improve to $898 an ounce in the third quarter. Shares of Endeavour Mining have gained approximately 243.4 percent year-to-date and are up roughly 2.8 percent in the past month.

Yamana Gold Inc. (TSX: YRI)

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

Yamana Gold’s shares increased 4.59 percent to close at C$4.79 a share Monday. The stock traded between C$4.56 and C$4.80 on volume of 4.95 million shares traded. The company reported revenue of $464.3 million for the third quarter of 2016, an increase of $39.9 million when compared with the third quarter of 2015, mainly due to higher realized gold and silver prices. Company has reported comparatively lower silver production and lower realized price for copper although. Net loss for the third quarter totaled 2.1 million. Shares of Yamana Gold have gained approximately 86.4 percent year-to-date, but have fallen roughly 15.2 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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