#ExploringMining
#Podcast – #Mining News from (NYSE: $NEM) (NYSE: $GOLD) (NYSE: $AEM) (TSXV:$WGO.V)
(TSXV: $MN.V)
Point Roberts WA, Delta BC, October 24,
2019 - Investorideas.com, a global investor
news source covering mining and metals stocks releases today’s edition of Exploring Mining
Podcast,
featuring stock news from TSX, TSXV ,CSE, ASX, NASDAQ, NYSE companies plus interviews with CEO's and
leading experts.
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this in full at https://www.investorideas.com/news/2019/exploring-mining/10241NEM-GOLD-AEM-WGO-MN.asp
Newmont Gold Corporation (NYSE:NEM) is beginning production at the Peñasquito mine in
Mexico after an illegal blockade was lifted from the site on October 8. Tom
Palmer, President and CEO, commented:
“We
appreciate the government’s efforts to uphold the law by assuring ongoing
access to and from Peñasquito while continuing to sponsor the dialogue process,
should that continue to be needed. Our focus is on ensuring a safe start up of
operations so our workforce can return to their jobs in an orderly manner.”
Barrick Gold Corporation (NYSE:GOLD) set new mining and shaft production records in the third quarter at
its Kibali Gold Mine in the Democratic Republic of Congo. Barrick president and
chief executive Mark Bristow also confirmed to local media that the firm was
“commissioning of a Newtrax system which would provide real-time data
collection, enhance predictive maintenance, track and manage the fleet, and
implement a digital safety system with personnel tracking” at the mine. He
said:
“In
line with our policy of local employment and advancement, we continue to
transfer the specialized skills required for automated mining to our Congolese
workforce. The success of this policy is evident in Kibali’s consistently
excellent performance and shows what can be achieved with a world-class asset
in a remote and under-developed region of Africa.”
Agnico Eagle Mines Limited (NYSE:AEM) has reported its third quarter 2019 results.
Results include a net income of $76.7 million, or $0.32 per share for the
quarter. Sean Boyd, Agnico Eagle's CEO, said:
"With
record performance at several of our operations and the ongoing ramp up of our
two new mines in Nunavut, we achieved record quarterly gold production in the
third quarter of 2019. As expected, this
strong result, combined with the completion of the extensive construction
spending program in Nunavut, resulted in the generation of substantial free
cash flow in the quarter. With the expectation of growing production and strong
free cash flow generation, we are in a good position to continue to invest in
our project pipeline, improve our financial flexibility and grow our
dividend. We are pleased to announce a
40 percent increase in our quarterly dividend.”
White Gold Corp. (TSXV:WGO) has announced multiple high-grade grab samples
including 605.0 g/t Au, 497.0 g/t Au, 113.0 g/t Au and 78.3 g/t Au and GT Probe
samples up to 17.35 g/t Au at the site of the recent Titan discovery, located
near the Vertigo discovery, in Yukon, Canada. Shawn Ryan, the firm’s Chief Technical
Advisor, commented:
"These
positive results from our early stage exploration work on the Titan are very
encouraging, and display the continued proliferation of high-grade gold
mineralization across our vast portfolio of properties. Our model has always
been to generate a pipeline of gold targets so that as we advance our mature
stage assets, we have new discoveries to bring up the development ladder.”
Manganese X Energy Corp. (TSXV:MN) has received an update from Kemetco Research Inc.,
which is “developing a commercializable flow sheet to produce ultrahigh-purity
(greater than 99.9 per cent) battery-grade manganese for the growing electric
vehicle and energy storage sectors”. According to the press release, “Kemetco
Research has built a mini pilot plant dedicated to this project and is
currently assessing various purification options to minimize impurities in the
final manganese sulfate product. Test results are positive, indicating higher
purity as compared to previous results”. In reply, Manganese X is “very pleased
with the progression of the metallurgical project and is encouraged that a
commercial battery-grade MnSO4 product can potentially be produced”.
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