The Globe and Mail reports in its Wednesday edition that Scotia Capital analyst Ovais Habib and Eric Winmill trimmed their targets for SSR Mining to $28 from $29 and Torex Gold Resources to $22.50 from $23. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target SSR and Torex at $28.60 and $25.07. The analysts expect to see improvements in production moving into the third quarter. The analysts say in a note: "Companies guided toward improved production and cost profiles that were weighted toward 2H. Metal prices have remained range-bound, with gold and silver trading in a tight channel throughout the quarter, while energy prices have broken out to the upside. We expect that this will put some pressure on margins, but unit cost pressures will likely be outweighed by production growth in aggregate. We continue to expect (1) 2H/23 to be generally stronger than 1H/23, with Q1 expected to be the weakest quarter; (2) sticky inflationary pressures to persist (such as labour cost inflation) especially in tight markets like Canada and the U.S., leading to flat or higher costs year-over-year; and (3) 2023 could see a continuation of active M&A for our coverage universe."