GFG ramps up exploration at Pen

Drilling commenced circa 2 kilometres from a previous RC drill hole, which returned 60m at 10.7% Total Graphitic Carbon.

Eric Sprott backed the company with a $20 million financing in August.

Major producers are adopting shadow prices on carbon to mitigate carbon risk and address energy challenges.

The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.

The company had halted production in June following a government inspection that led to a row over work permits, but work resumed in August.

The Conference Board of Canada also expects the oil industry’s losing streak to last three years, from the last quarter of 2014 through to the second quarter of 2017.

Still, the world’s biggest diamond producer by value said the auction was better than it had expected.

The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.

Vincent Benoit will assume the newly created position of Executive Vice President, Chief Financial Officer and Corporate Development effective November 1.