Tuesday, March 31, 2020

#ExploringMining #Podcast – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SILV.TO) (NYSE: $MT) (NYSE: $BVN) (CSE: $RCLF.C)



#ExploringMining #Podcast – #Mining #Stocks News from (NYSE American: $SILV) (TSX: $SILV.TO) (NYSE: $MT) (NYSE: $BVN) (CSE: $RCLF.C)




Point Roberts WA, Delta BC, March 31, 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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SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced protocols to minimize Coronavirus exposire so as to reduce the risk to its employees, contractors, families and communities near the Las Chispas Project in Sonora, Mexico. Primarily this will involve the suspension of its ongoing exploration and underground development work at Las Chispas at least until April 30, 2020. Additionally, the company has announced the temporary closure of offices, restrictions on non-essential business travel, medical screening at Las Chispas, the isolation of personnel at higher risk levels and more. Company President Chris Ritchie commented:

"We are thankful to report that there are currently no known cases of COVID-19 for any of our employees, contractors, their families in the communities near the Las Chispas Project. We are monitoring the situation and are proactively working with our people and community. We feel strongly that our local presence and activities alongside the government are critically important as we seek to prioritize health and safety where we live and work."

ArcelorMittal (NYSE:MT) has provided an update regarding the impact of the COVID-19 pandemic and its own response. According to the press release, ArcelorMittal is “reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis in alignment with regional demand as well as government requirements.” Addressing the volatility brought on by the virus, the press release affirms that the firm is “buoyed by the fact our company has in recent years prioritised the strengthening of its balance sheet to provide a strong financial foundation in all market conditions.’ An excerpt reads:

Net debt is at a record low, we have a very manageable debt maturity profile having used available cash to prepay debt in recent years and also benefit from a significant liquidity position. We intend to provide updated guidance on our 2020 cash requirements, including capital expenditure, when we announce our first quarter 2020 results on 7 May 2020.

Compania de Minas Buenaventura (NYSE:BVN) has announced “that the Peruvian Government has extended the current state of emergency by an additional 13 days to curb the COVID-19 pandemic,” meaning that quarantine is now tentatively set to end on April 12, 2020. Though the company’s direct operations have been reduced to care and maintenance, it “continues to process ore on the leach pads at its Coimolache and La Zanja mines.” The press release states, however, that the company is “prepared to immediately resume normal operations once it has received notice from the authorities that restrictions have been lifted.”

Rockcliff Metals Corporation (CSE:RCLF) has announced an updated Mineral Resource Estimate by P&E Mining Consultants Inc. for its 100 percent-owned Rail Deposit located in central Manitoba. Highlights include a 27 percent increase of indicated copper, 72 percent increase of indicated gold, 34 percent increase of indicated zinc, and a 37 percent increase of indicated silver. Rockcliff President and CEO Alistair Ross said:

“We are very pleased that the successful drill programs at Rail have added substantially to the Rail Indicated classification tonnage. They have also identified over 730,000 tonnes of new, high-grade Inferred tonnage. The  high-grade Rail deposit remains open along strike and at depth and several additional nearby copper targets remain untested. We look forward to the completion of a Preliminary Economic Assessment on the Rail deposit before the end of Q2 2020”.


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