Fortuna Silver Mines: Seguela Full Production Boosted Quarter Results
Summary Fortuna Silver Mines announces third-quarter 2023 financial results with record production and financial figures. The Séguéla Mine in Ivory Coast starts producing, contributing to increased gold sales and improved net income. Positive outlook for gold and silver prices, making it a good time to accumulate Fortuna Silver Mines stock. plastic_buddha Introduction On November 8, 2023, Fortuna Silver Mines (NYSE:FSM) announced its third-quarter 2023 financial results. This article is an update to the one I wrote on October 8, 2023. I have been a follower of FSM on Seeking Alpha since December 2021. This quarter marked the start of the Séguél
Summary Kinross Gold Corporation's 3Q23 results show increased production and revenue compared to the previous year. The company is on track to meet its 2023 production guidance and has a solid balance sheet. Kinross Gold has outperformed competitors, with a 25% increase in one year. bodnarchuk Introduction Toronto-based Kinross Gold Corporation (NYSE:KGC) released its third quarter 2023 results on November 8, 2023. I have regularly followed KGC quarterly since 2015. This new article is a quarterly update of my article published on September 13, 2023. I believe Kinross Gold currently satisfies all requirements for "merger potenti
Barrick Gold: Lower Gold Production Is Expected In Q4 Due To Technical Issues At Pueblo Viejo
Summary Barrick Gold's 3Q23 results exceeded analysts' estimates, with net earnings income increasing and revenue growing. The company's gold and copper production saw increases, although it may not meet its gold production guidance for the year. Due to technical issues experienced at the Pueblo Viejo mine. The technical analysis suggests a short-term bearish trend for gold but a possible longer-term positive trend if there is a breakthrough in 2024. studiocasper Introduction Toronto-based Barrick Gold (NYSE:GOLD) released its third quarter 2023 results on November 2, 2023. This quarterly article updates my preceding article publishe
Sibanye Stillwater: Significantly Lower After Offering $500 Million In Convertible Bonds
Summary Sibanye Stillwater plans to raise $500 million through the issuance of convertible bonds to fund its growth strategy and acquisition of Reldan Group. Sibanye Stillwater's stock has been declining due to weak auto production and concerns about a global economic slowdown. The company's debt has been increasing while cash on hand has been decreasing, but the new capital will help maintain cash reserves above $1 billion. Oat_Phawat/iStock via Getty Images 1: Introduction The Johannesburg-based company Sibanye Stillwater Limited (SBSW) tumbled today after announcing that it would seek to raise $500 million by issuing "senior, unsecured,
Impala Platinum Holdings: It's Hard To Think It Could Drop Much Further
Summary Impala Platinum Holdings Limited reported a net loss of $483.76 million in H1 2023, with a negative EBITDA of $325.16 million. The company's stock performance has underperformed Sibanye Stillwater Limited, and it has dropped 59% on a one-year basis. I recommend buying Impala Platinum Holdings shares between $4 and $3.40, with a lower support at $3.25. RHJ Introduction On August 31, 2023, the Johannesburg-based Impala Platinum Holdings Limited (IMPUY) announced its H1 2023 for the year ended June 30, 2023. It
Summary Valero Energy Corporation reports Q3 2023 adjusted earnings of $5.40 per share, beating analysts' expectations. Refinery throughput volumes slightly increased to 3,022 thousand barrels daily, with 95% capacity utilization. I recommend buying VLO between $123 and $121, with possible lower support at $113. Brandon Bell/Getty Images News Introduction San Antonio-based Valero Energy Corporation (NYSE:VLO) released its third-quarter 2023 results on October 26, 2023. Note: This article updates my article published on August 26, 2023. I have followed VLO on Seeking Alpha since December 2017. Among the three refiners I track on a quarterl
Summary Alamos Gold Inc. reported strong third-quarter results, with production exceeding guidance and costs near the low end of annual guidance. The company posted record revenues of $256.2 million in 3Q23 and a net income of $39.4 million. AGI raised its production guidance for 2023 by 5% and is on track to achieve a new annual record. I recommend buying AGI between $12.10 and $11.80, with possible lower support at $11.25. bodnarchuk Introduction The Toronto-based Alamos Gold Inc. (NYSE:AGI) released its third-quarter results on October 25, 2023. Note: This article updates my article published on July 31, 2023. I have followe
Summary Nabors Industries Ltd. released its Q3 2023 results, reporting total revenues of $733.974 million and a loss of $48.92 million. The company faced difficulties with newly built rigs in Saudi Arabia, leading to deployment delays and downtime. I recommend purchasing Nabors Industries shares between $102.5 and $100 to begin accumulating, with a potential lower support level at $91. imaginima Introduction Nabors Industries Ltd. (NYSE:NBR) released its third quarter of 2023 results on October 25, 2023. Note: As I have done it quarterly for many years, this article is an
Schlumberger: A Strong Quarter With Optimistic Prospects
Summary Schlumberger Limited exceeded analyst expectations with Q3 2023 adjusted earnings of $0.78 per share and total quarterly revenues of $8,310 million. The company's strong performance was driven by increased sales of drilling and oilfield equipment internationally, particularly in the Middle East. Schlumberger plans to meet its goal of mid-20% growth in adjusted EBITDA by 2023 and give back $2 billion to shareholders through stock buybacks and dividends. JHVEPhoto Introduction Houston-based Schlumberger Limited (NYSE:SLB) released its third quarter 2023 results on October 20, 2023. Note: As indicated regularly,
Summary Hecla Mining Company reported preliminary silver and gold production for Q3 2023, with silver production down 7.8% QoQ and gold production up 11.4% QoQ. The drop in silver production is attributed to issues at the Lucky Friday mine, which experienced a mine-shaft fire in September. Hecla Mining's stock performance has underperformed compared to gold and silver ETFs due to the challenges faced at the Lucky Friday mine. I recommend buying Hecla stock between $3.70 and $3.45 with lower support at $3.20. RHJ Idaho-based Hecla Mining Company (NYSE:HL) announced its preliminary silver and gold production for