Exploring Mining Podcast – News from
(NYSE: $NEM) (NYSE: $BVN) (NYSE: $SA) (CSE: $RLG.C)
Point Roberts WA, Delta
BC, May 19, 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) announced plans to ramp up operations at
Peñasquito, Cerro Negro, Éléonore and Yanacocha properties. Expecting low
second quarter production with high costs, the company revealed an outlook of
“approximately 6.0 million ounces of attributable gold production,” for the
year. Tom Palmer, President and CEO, said:
"We
are pleased to be ramping up operations at our four sites previously placed in
care and maintenance and we remain committed to protecting our workforce and
neighboring communities. We continue to respond to this pandemic from a
position of strength and Newmont’s diverse portfolio in top-tier jurisdictions
provides a long-term, stable production profile with the potential to generate
significant free cash flow over time."
Compania de Minas Buenaventura (NYSE:BVN) has revealed results for the first quarter 2020.
The press release stresses that “results were adversely impacted by the State
of Emergency and related mandated lockdown instituted by the Peruvian
Government in order to contain the spread of the Coronavirus (COVID-19),” and
that “Due to the outbreak of COVID-19 in Peru and the related restrictions
imposed, Buenaventura was unable to produce for 17% of the first quarter 2020.”
Some highlights include: Negative $6.8 million in EBITDA (earnings before
interest, taxes, depreciation and amortization), as compared to $28.4 million
in Q1 of 2019, but a cash position of $222 million, an increase over the $210 million
in Q4 of 2019 despite production being hindered.
Seabridge Gold Inc. (NYSE:SA) will proceed with drilling this summer at its
Iskut project in British Columbia's Golden Triangle to test for a gold-copper
porphyry similar to those it discovered at its nearby KSM project. Seabridge
Chairman and CEO Rudi Fronk commented:
"We
acquired Iskut because we saw clear evidence of a large porphyry system which
looked to be similar in age and geology to our KSM project 30 kilometers to the
east. We are now working with the Tahltan Nation, B.C. Regulators, our
suppliers, and consulting with competitors to advance our target this season in
a manner that will ensure safe operations during the COVID-19 pandemic."
West Red Lake Gold Mines Inc. (CSE:RLG) plans to initiate a 3,000 metre exploration drill
program on the NT Zone during mid June to follow up on the positive results
announced on January 15, 2020. Company President, John Kontak, said:
"The
upcoming exploration drilling at the gold-bearing NT Zone provides a good
opportunity for the expansion of the gold mineralization on the property. We
are looking forward to exploration drilling in 2020 on this attractive gold property."
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