Thursday, December 19, 2019

#ExploringMining #Podcast – #Mining News from (NYSE: $AA) (NYSE: $SILV) (TSXV: $WGO.V) (NYSE: $AEM) (NYSE: $KGC) (CSE: $AJN.C)


#ExploringMining #Podcast – #Mining News from (NYSE: $AA) (NYSE: $SILV) (TSXV: $WGO.V) (NYSE: $AEM) (NYSE: $KGC) (CSE: $AJN.C)



Point Roberts WA, Delta BC, December 19, 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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Alcoa Corporation (NYSE:AA) is permanently closing its Point Comfort alumina refinery in Texas. This follows an announcement from October of 2019, in which the company revealed it was “conducting a review of its global production capacities to drive lower costs and sustainable profitability”. Alcoa President and CEO Roy Harvey explained:

"We operate one of the world’s largest alumina refining systems, and we are committed to maintaining our strong, first-quartile position. While this decision is difficult because of the long history of operations in Point Comfort, we must eliminate unprofitable capacity and continue to improve our Company for the long term."

SilverCrest Metals Inc. (NYSE American:SILV) (TSX: SIL.TO)  announced “the completion of its prospectus offering announced on December 3, 2019 whereby the Company issued a total of 12,650,000 common shares at a price of C$7.28 per common share for gross proceeds of C$92,092,000, including exercise of the over-allotment option in full”.

White Gold Corp. (TSXV:WGO) has revealed diamond drill results on the Vertigo target, located 25km north west of the Company’s flagship Golden Saddle & Arc deposit, in the White Gold District, Yukon, Canada. The drilling is part of the company’s $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (NYSE:AEM) and Kinross Gold Corporation (NYSE:KGC). White Gold CEO David D’Onofrio commented:

"We are very pleased with the abundance of gold mineralization encountered at the Vertigo to date, highlighted by the presence of multiple high-grade structures which continue to remain open in all directions. These results validate the Vertigo target to be a structurally controlled mineralized zone forming part of a regional-scale system, including the recently discovered Sabotage, Topaz, North Frenzy and multiple other gold targets across our JP Ross property. To date at least 10 gold targets have been identified over a 250km2 area on the JP Ross property, with Vertigo being the first to have received follow up diamond drilling.”

AJN Resources Inc. (CSE:AJN) has completed drilling at the Salt Wells lithium project near Fallon, Nevada. Due to disappointing results, however, the company has decided to drop the project while it pursues other opportunities. AJN also announced the appointment of Mark Gasson as its new Chief Financial Officer. According to the press release, “Mr Gasson is a geologist with 33 years of experience and has been active in South Africa, Tanzania and the DRC since 1986 in gold and base metals exploration and resource development”.

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