Exploring Mining Podcast – News from
(NYSE American: $SILV) (TSX: $SIL.TO) (TSX: $MQR.TO) (NYSE: $IAG) (NYSE: $EGO)
(TSXV: $BNCH.V)
Point Roberts WA, Delta
BC, June 9, 2020 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 filed a final short form base shelf prospectus
to provide itself the flexibility to take advantage of equity, debt,
convertible debt and other financing opportunities that may arise during the
25-month effective period of the Prospectus. N. Eric Fier, CEO of SilverCrest,
explained:
"We
currently have US$164 million dollars in the bank and are fully financed for
Las Chispas mine construction. The filing of this shelf prospectus, with a
window of 25-months, puts us in a position to rapidly complete a potential
future financing to enable us to continually drill through the construction
period and maintain strategic flexibility if other opportunities arise.”
Monarch Gold Corporation (TSX:MQR) has announced the closing of the sale of the Fayolle property
to IAMGOLD Corporation (NYSE:IAG) for $11.5 million. According to a
previous press release, the Fayolle property
consists of 39 mineral claims covering an area of 1,373 hectares in Quebec,
Canada. Jean-Marc Lacoste, President and CEO of Monarch, said:
This
is a profitable short-term transaction for Monarch, allowing us to
significantly strengthen our financial position without dilution and with the
potential for appreciation if the share value of IAMGOLD increases, especially
in the current gold bull market. While Fayolle has potential, the fact remains
that Wasamac is our priority project and the recent signing of the MOU with
Glencore Canada (see press release dated May
14, 2020)
has raised the outlook of our 2.6-million-ounce gold flagship project, which
includes 1.8 million ounces of reserves. The funds from this transaction will
allow us to advance the Wasamac project at a faster pace, while simultaneously
pursuing exploration programs on our Beaufor and McKenzie Break
properties."
Eldorado Gold Corporation (NYSE:EGO) has begun construction of a three kilometre decline
from the Sigma mill to the 405 metre level of the Triangle mine at its Lamaque
project, which is expected to be completed in the first half of 2022 at an
estimated cost of $24 million. Some expected benefits of the decline, or
tunnel, include a reduction in the energy requirements for mine ventilation,
supplying a means of secondary egress and ventilation to the Triangle mine,
increasing safety underground, and facilitating increased future production
from the Triangle mine.
Benchmark Metals Inc. (TSXV:BNCH) has announced “significant advancements it has made
over the past two years since acquiring the Lawyers gold-silver project and
it's vision for the next twelve months.” The company’s CEO, John Williamson,
explained:
"The
Lawyers project began mining operations in the late 1980's as a small
high-grade gold and silver producer, on a limited land position, during a
period of depressed gold and silver prices. Our success began 30 years later
with recognizing the potential of multiple anomalous high-grade gold and silver
results consolidated into a large land package. We identified the potential to
expand existing zones and explore the potential for larger mineralizing
systems. This led to the discovery of previously unrecognized bulk-tonnage
style mineralization. Over a two-year period, Benchmark has rapidly advanced
its gold-silver project and with the addition of the forthcoming 2020 data we
will have more than tripled the historically drilled metres. This season's data
will be invaluable for us to demonstrate the economics of a new open-pit mining
scenario during a period of escalating gold and silver prices.”
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