Hess Ups Net Income, Oil and Gas Production in Q3
Oil – Hess Corp. (NYSE:HES) announced its estimated results for the third quarter of 2012, commenting that its net income was $557 million, nearly double the $298 million seen a year ago.
Oil – Hess Corp. (NYSE:HES) announced its estimated results for the third quarter of 2012, commenting that its net income was $557 million, nearly double the $298 million seen a year ago.
Oil – Quarterly results for Big Oil are rolling in, and it’s a similar picture across the board. Most are slightly down due to marginally lower oil prices; gas is burning a hole in their budgets, still falling well below full cycle economics in America.
The US and Chinese economies continued to show signs of recovery this week, but that wasn’t enough to support resource prices.
Silver – First Majestic Silver Corp. (TSX:FR) announced production results for the third quarter of 2012 from its four operating mines in Mexico. Production hit 2,438,085 equivalent ounces of silver, a record for the company and an increase of 36 percent from the same quarter in 2011.
Silver – Great Panther Silver Ltd. (TSX:GPR) announced the third quarter results for Guanajuato and Topia, its two 100-percent-owned, Mexico-based silver mining projects, commenting that silver production totalled 371,857 ounces, an 8 percent increase from the same quarter in 2011.
Silver – Reuters Africa reports that Mercator Minerals Ltd (TSE:ML) revised its third-quarter results for the second time this month.
Gold – Randgold Resources (LON:RRS) reports that Q3 results posted show profit of US$28.2 million.
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