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Borr Drilling reports 3Q earnings and provides its new fleet status report. There are few developments on the fleet front which is not surprising given the current market environment. → Read More
IAMGOLD's Q3 2020 results show improved operating cash flow but the market is focused on the problems at Westwood mine. → Read More
Harmony Gold Mining provides its 3Q 2020 operational update. Production increases by 46% as its operations return to normal after COVID-19 disruption. → Read More
Tidewater's 3Q 2020 report shows that the company is on the path to positive operating cash flow for the full year 2020. → Read More
Transocean reported its third quarter results. Another rig is leaving the active fleet. → Read More
AngloGold Ashanti has just provided its Q3 update and boosted its dividend payout ratio. Not surprisingly, the stock rallied after the announcement about a higher dividend. → Read More
Turquoise Hill has recently provided its 3Q 2020 production report. The company is set to achieve its previous annual production guidance. → Read More
Transocean releases its new fleet status report. A customer exercised a 180-day option for a drillship. → Read More
Rainy River's production increased materially in Q3 2020. New Afton continued to deal with lower grades but still managed to increase its production. → Read More
Yamana Gold increased its full-year production guidance by 3%. The company also boosted its dividend by 50%. → Read More
Pacific Drilling announced that it chose not to make interest payments on its debt. The stock rallied, gaining more than 50% at one point. → Read More
Borr contemplates equity offering of $40 million - $50 million. Creditors agree to push $595 million of maturities to January 2023. → Read More
Galiano Gold shares corrected by more than 30% from their recent highs that were reached at the end of July. The company is trading at just 6X forward P/E. → Read More
Kinross Gold provides production guidance for 2021-2023. Production will increase steadily and reach 2.9 gold equivalent ounces in 2023. → Read More
Suddenly, Turquoise Hill reveals the results of its funding discussions with Rio Tinto. Previously, Turquoise Hill stated that these discussions were deferred due to improved liquidity outlook. → Read More
Turquoise Hill increases its gold production guidance for 2021. The company publishes technical report for Oyu Tolgoi; definitive estimate is expected to be released at the end of the fourth quarter. → Read More
Borr reports a second-quarter net loss of $109.6 million, driven by an impairment of $57.9 million. The company's cash position takes a hit as it takes delivery of forward contracts related to its unfortunate speculation in Valaris shares. → Read More
Seadrill reports its Q2 2020 results and indicates that current shareholders may get minimal or no recovery in the upcoming restructuring. → Read More
Transocean reports first results of the debt exchange offer that it announced on August 10. It looks like holders of the nearest maturities did not participate actively in the offer, and Transocean is forced to improve the terms to attract more creditors to participate. → Read More
Valaris filed for bankruptcy and presents its restructuring support agreement. The plan looks realistic and is based on conservative assumptions which should be carefully studied by investors in those drillers that did not yet file for bankruptcy. → Read More