Exploring Mining Podcast – News from
(NYSE: $NEM) (NYSE: $AGI) (NYSE: $AG) (CSE: $ORGN.C)
Point Roberts WA, Delta
BC, May 14, 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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Newmont Corporation (NYSE:NEM) will begin to safely ramp up operations at Peñasquito
in Mexico on May 18 after mining was designated as an essential activity by the
Mexican government. Newmont President and CEO Tom Palmer explained:
"With
the government of Mexico incorporating mining into the list of essential
businesses that will be allowed to recommence activities on May 18th, we are
preparing Peñasquito and our workforce for a safe, orderly and timely
resumption of production. As we’ve been doing at all of our operations and
sites around the globe, we will maintain rigorous health and safety controls to
prevent the transmission of COVID-19 to our workforce and neighboring
communities."
Alamos Gold Inc. (NYSE:AGI) also plans to ramp up full operations at its Mulatos
mine in Mexico on May 18, 2020. John A. McCluskey, President and CEO of Alamos
Gold, said:
“As
with Island Gold, operations at Mulatos will be ramped up in a safe manner. To
date, we have not had any confirmed cases of COVID-19 among any of our
employees or contractors. We continue to follow strict protocols across our
operations with our foremost priority being to protect the health and safety of
our employees, their families, and our local communities.”
First Majestic Silver Corp. (NYSE:AG) has reported its financial results for the first
quarter 2020. Highlights include revenues of $86.1 million, which is one
percent lower than Q1 2019 and is attributed to the company’s “suspending sales
in March in an attempt to maximize future profits due to metals market
volatility”. The company also reports mine operating earnings of $21.1 million,
which is up 106 percent from to Q1 2019. Keith Neumeyer, President and CEO of
First Majestic, commented:
“As
the COVID-19 pandemic sparked higher than normal volatility in the metals
market near the end of the quarter, we temporarily suspended our silver and
gold sales as paper prices dropped significantly below true physical prices.
These inventoried ounces have been carried over into the second quarter and
will be sold as prices improve. Nevertheless, strong production from each of
our three mines generated operating earnings of $21.1 million, representing a
106% increase over the same quarter of 2019.”
Origen Resources Inc. (CSE:ORGN) has entered into a Letter of Intent (LOI) to
“acquire a 100% interest in the 26,771 hectare (ha) LGM property and the 3,971
ha Wishbone property located in British Columbia's renowned Golden Triangle
from Orogenic Regional Exploration Ltd.” According to the press release, the
properties “host significant mineralized gold and copper enriched gossans and
sulphide occurrences.” Origen CEO Gary Schellenberg said:
"The
LGM and Wishbone properties give Origen a launch pad for discovery in BC's
mineral rich Golden Triangle. The availability of such a large, well endowed,
land package was a unique opportunity and the Origen team is excited to get to
work unlocking the potential of this flagship asset.”
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