#ExploringMining #Podcast – #Mining
#Stocks News from (NYSE: $GOLD) (NYSE: $AGI) (NYSE: $HL) (TSXV: $BNCH.V)
Point Roberts WA, Delta
BC, March 26, 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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Barrick Gold Corporation (NYSE:GOLD) has published its annual report for 2019,
highlighting key goals the company has achieved since restructuring and refocusing
after merging with Randgold Resources. Barrick’s President and CEO Mark Bristow
said:
“The
work we did in 2019 has equipped us well to take Barrick to the next level. We
stand on the strong foundation of our enormous organic growth potential, which
will support a positive production profile and a very robust business, capable
of generating a substantial cash flow for at least the next decade. There are
also opportunities for growth outside our current ambit which we continue to
explore.”
In the press release, the company boasts “gold
production at the top end of the guidance range; copper production which
exceeded its forecast; the consummation of the Nevada Gold Mines joint venture,
majority-owned and operated by Barrick; [and] the consolidation of [its]
Tanzanian mines.”
Alamos Gold Inc. (NYSE:AGI) has announced a 14-day suspension of operations at
its Island Gold mine in an effort to prevent the spread of COVID-19. Alamos
President and CEO John McCluskey explained:
“First
and foremost, our focus is on ensuring we protect the health and safety of our
employees and the communities in which we operate. At Island Gold,
approximately half of our employees travel from various parts of Ontario and
Quebec, while the other half are local residents. We have a very unique camp
set-up at Island Gold, with the camp located directly within the town of
Dubreuilville. For these reasons, we have decided that the best way to minimize
the possible spread of the virus is to temporarily suspend the operation of the
mine. This is a rapidly evolving situation and we will take further action
based on the best available information.”
Similar news has come from Hecla Mining Company (NYSE:HL), which announced that it is suspending operations at
its Casa Berardi mine until April 13, 2020 in compliance with the Government of
Quebec’s order for the mining industry in the fight against COVID-19. Phillips
S. Baker, Jr., Hecla’s President and CEO, said:
"The
Government of Quebec ordered the mining industry to reduce to minimum
operations as part of the fight against the COVID-19 virus, so we are suspending
our Casa Berardi operations. We do not have a case of COVID-19, so we are
disappointed for our workers and their families, our suppliers and other
stakeholders that we have had to take this action. We look forward to Casa
Berardi resuming normal operations as soon as possible."
Benchmark Metals Inc. (TSXV:BNCH) has revealed that it is in the advanced planning
stages of its 2020 exploration program. According to the press release, the
program will “focus on the definition and expansion of key exploration target
areas within a 10km2 radiometric anomaly, including exploration
drilling at new or previously untested occurrences.” The company also addressed
COVID-19, with CEO John Williamson commenting:
“The
well-being of our team, business partners, investors and their communities is
our top priority. We have enacted a business continuity plan to safeguard the
health and safety of our personnel while ensuring our operations remain
unaffected. There has not been any disruption to planned work activities as
yet. We are continuously monitoring the progress of COVID-19 developments and
will act accordingly for the health and safety of all stakeholders."
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