#ExploringMining #Podcast – #Mining
#Stocks News from (NYSE: $GOLD) (NYSE: $CCJ) (NYSE: $EXK) (ASX:AGD)
Point Roberts WA, Delta
BC, April 9, 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), through its joint venture with the
Tanzanian government, Twiga Minerals Corporation, has announced a support program to assist Tanzania
in combating COVID-19. This will involve the commitment of “$1.7 million in the
form of critical equipment and expertise to help prevent the spread of the
virus.” The company announced similar moves in the Democratic Republic of the
Congo (DRC), where it is contributing $1.5 million,
and in Zambia, where it gave a $530,000 cheque to that
country’s Minister of Health.
Cameco Corporation (NYSE:CCJ) is implementing temporary operational changes at its
fuel services division facilities in Ontario as a response to challenges
imposed by the COVID-19 pandemic. Cameco President and CEO Tim Gitzel
explained:
“While
our fuel services facilities have been able to operate safely, it has become
increasingly challenging to maintain a sufficient roster of qualified operators
for the UF6 plant. The UF6 plant is designed for
continuous operation, and we need to prevent unplanned interruptions arising
from personnel shortages.
Therefore,
after weighing many factors, including the state of the pandemic, we made a
measured decision to suspend production in a careful, planned manner at the UF6
plant and the UO3 refinery which feeds it. We will watch closely how
the situation evolves over the next four weeks before making further
decisions.”
Endeavor Silver Corp. (NYSE:EXK) has reported its first quarter 2020 production
results. This includes 857,659 silver oz and 8,476 gold oz. Bradford Cooke,
Endeavour CEO, commented:
“Even
though our foremost concerns at this time are the health of our employees,
safely managing the COVID-19 pandemic risk and the care and maintenance of our
mining operations, Endeavour delivered solid Q1, 2020 performance at our mining
operations. We met production guidance
prior to suspension, Guanacevi neared completion of its operational turn-around
and Bolanitos and El Compas continued to make good progress.”
Austral Gold Limited (ASX:AGD) has reported first quarter 2020 production of
17,159 gold equivalent ounces, which is up 34 percent from the prior year
quarter, but down 4 percent from production of 17,953 gold equivalent ounces in
Q4 2019. Austral Gold CEO Stabro Kasaneva said:
"We
are closely monitoring the developments around COVID-19 and we have implemented
several precautionary measures to protect the health of all our people which is
our top priority. The Company is also working on contingency plans in the event
we have supply-chain disruptions to gold or silver deliveries or the receipt of
essential equipment and materials to operate. We are being conservative with
the use of our cash in the event that our operations are temporarily curtailed.
We have minimised capital expenditures, and exploration activity has been
streamlined to brownfield areas within the Guanaco/Amancaya district. Starting
April 2020, the Guanaco/Amancaya mines have been operating at 75% capacity due
to changes in work shifts to minimise COVID-19 risks at the mine site."
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