GREY:RNKLF - Post by User
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tickerhiton Apr 20, 2020 12:57pm
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RNC Minerals Up 3.9% As It Reports Q1 Gold Production,
RNC Minerals Up 3.9% As It Reports Q1 Gold Production, | Reiterates 2020 Guidance | | 2020-04-20 12:24:11 PM ET (MT Newswires) | | | |
| | | | 12:24 PM EDT, 04/20/2020 (MT Newswires) -- RNC Minerals (RNX.TO) was up nearly 4% after the company on Monday said it produced 24,816 ounce of gold from its Australian mining operations and reiterated it guidance. The result is 7.7% below its fourth-quarter output of 26,874 ounce from its Higginsville mill and Beta Hunt mine, acquired last June. "We remain on track to achieve our 2020 gold production guidance of 90,000-95,000 ounces," chief executive Paul Andre Huet said in a release. RNC said its operations have not been disrupted by quarantine measures and it had C$38.4 million in cash at the end of the first quarter. The company's shares were last seen up C$0.015 to C$0.40 on the Toronto Stock Exchange. | |