Exploring Mining Podcast – News from
(NYSE: $GOLD) (NYSE: $MT) (NYSE: $KGC) (TSXV: $ANTL.V)
Point Roberts WA, Delta
BC, May 7, 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 announced its first quarter performance
results. Highlights include an increase in operating cash flow to $889 million,
free cash flow to $438 million, and a debt net of cash reduction of 17 percent
from the previous quarter to $1.85 billion. Company President and CEO Mark
Bristow said:
“Our
sustainability and regional teams have done a great job in taking timely action
to introduce comprehensive and carefully considered measures at all our sites
and offices to manage and mitigate any impacts of Covid-19 on our employees and
contractors. A key focus of this plan is on prevention, and all sites are
working actively to head off an outbreak.”
ArcelorMittal (NYSE:MT) has reported its first quarter 2020 results.
Highlights include a reduced operating loss of $0.4 billion (compared to a loss
of $1.5 billion in Q4 2019), and a marginal increase in net debt to $9.5
billion (down $1.7 billion from Q1 2019). Lakshmi N. Mittal, ArcelorMittal
Chairman and CEO, commented:
“The
remainder of this year will be challenging, but I am confident that
ArcelorMittal has the experience, and inherent resilience, to manage through
these difficult times. As a result of the hard work undertaken in recent years
to strengthen the balance sheet, we went into the COVID-19 crisis with the
lowest net debt since the creation of the Company, which is a matter of
considerable comfort.”
Kinross Gold Corporation (NYSE:KGC) has released results for its first-quarter ended
March 31, 2020. Highlights include production of 567,327 attributable gold
equivalent ounces, sales of 552,742 gold equivalent ounces, and net earnings of
$122.7 million, which nearly doubled from Q1 2019. J. Paul Rollinson, President
and CEO, said:
“During
the quarter, we focused on protecting the health and well-being of our
employees and communities against the spread of COVID-19 while maintaining the
continuity of our operations in a safe manner. As a result of our business
continuity plans and precautionary protocols implemented across our global
portfolio, and with the support of our host governments, all our mines remained
operational during the quarter and were not materially impacted by the
pandemic. While we prudently withdrew our 2020 guidance given the pandemic’s
significant global impacts, we will continue to work safely on meeting our 2020
operational targets.”
Antler Gold Inc. (TSXV:ANTL) has announced further consolidation
of its land holdings for the Central Erongo Gold Project through the acquisition of the Exclusive Prospecting License
EPL 6550. According to the press release, “EPL 6550 comprises 24.8km2
of prospective ground adjacent to the Osino Resources Gold Kuppe Project and
covers a large geological dome structure.” Dan Whittaker, President and CEO of
Antler, explained:
"This
acquisition adds to our prospective land package for the Central Erongo Gold
Project. EPL 6550 contains the Etiro Dome and at least two significant
historically outlined gold anomalies. The entire EPL represents an interesting
target due to the interpreted importance these dome structures play in
concentrating gold mineralizing fluids, as demonstrated by the Navachab and
satellite deposits."
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