#ExploringMining #Podcast – #Mining News
from (NYSE: $AA) (NYSE: $ATI) (TSX: $MIN.TO) (TSXV: $LITH.V)
Point Roberts WA, Delta
BC, February 4, 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/2020/exploring-mining/02041AA-ATI-MIN-LITH.asp
Alcoa Corporation (NYSE:AA) has completed the sale of its wholly-owned
subsidiary, Elemental Environmental Solutions LLC (EES), which “operates a
1,300-acre hazardous waste treatment business in Gum Springs, Arkansas.” The
buyer is to Veolia ES Technical Solutions, LLC (VTS). According to the press
release, the sale “is part of the Company’s plan to pursue sales of non-core
assets with the goal of generating between $500 million to $1 billion in cash.”
Perhaps as a consequence of this news, Alcoa stock is
up about 3.5 percent at press time.
Allegheny Technologies Incorporated (NYSE:ATI) has reported its fourth quarter results for 2019,
boasting “sales of $1.02 billion and net income attributable to ATI of $56.5
million, or $0.41 per share.” Another quarterly highlight outlined in the
report is the “$491 million of cash on hand at year-end after reducing debt by
$150 million.” Though quarterly sales are down some two percent from 2018, full
year sales of $4.12 billion are actually up two percent over 2018. Robert S.
Wetherbee, ATI President and CEO, commented:
"The
team executed well in the fourth quarter, delivering solid results in both
operating segments, and successfully capping a challenging year buffeted by
industry, supply chain and regulatory headwinds.”
Allegheny’s stock is up around nine percent at press
time, following the release of these results.
Excelsior Mining Corp. (TSX:MIN) has provided an update of mining operations at the Gunnison
Copper Project in Southern Arizona. The following updates were reported in the
press release:
●
Improved
preventative maintenance to limit pump and wellfield down-time; and
●
Injection
wells will be retrofitted with pumps allowing them to be used as recovery wells
when needed; and
●
Wellheads
and related piping are to be reconfigured to allow for both injection and
recovery operations in each well, this addition will make the wellfield
entirely reversable in terms of fluid flow; thereby allowing for greater
flexibility during operations.
Excelsior President & CEO, Stephen Twyerould,
commented:
"Our
initial copper recoveries are highly encouraging; and the implementation of
these improvement programs keeps us focused on achieving long-term, low-cost
copper production as soon as possible."
Despite these developments, Excelsior stock is actually
down about nine percent at press time. This may be related to the downtrend in
copper price witnessed in the few weeks. According to data from Markets Insider, copper went from trading
at $6,300/tonne on January 16, 2020 to a current price of $5,616/tonne.
Lithium Chile Inc. (TSXV:LITH) has completed drilling of the first target on its
Turi prospect with samples having been sent to ALS laboratory for analysis. The
company has shut down its rig while it waits for results to come back.
Additionally, the company has revealed “results from a recently concluded
program of re-analysis of surface salt rich, silt and clay samples from the
Company's Laguna Blanca prospect have returned unusually high assays for Rare
Earth Elements, especially Cesium.” Lithium Chile President and CEO, Steve
Cochrane, commented:
"The
presence of Cesium on our Laguna Blanca prospect adds another potentially
valuable mineral in addition to interesting lithium values. We continue to
build a portfolio with diverse opportunities over a range of elements."
At press time, Lithium Chile stock is enjoying growth
of about 9.5 percent.
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