The Canadian gold miner announced record gold for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.
Pancon revealed that its objective for the initial phase of Montcalm’s program is to drill at least 4,500 metres to test a series of new conductor targets identified in 2018.
The country's largest oil and gas producer by market cap also said it will specify the exact impact of Alberta's mandatory output caps when it issues its 2019 capital and production guidance on Feb. 5.
Merger-and-acquisition activity in Canada is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum.