#ExploringMining #Podcast Episode 82 –
#Mining #Stocks News from (NYSE: $RIO) (NYSE: $SA) (NYSE American: $GORO) (TSX:
$STGO.TO)
Point Roberts WA, Delta
BC, July 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.
Listen
to the podcast:
Read
this in full at https://www.investorideas.com/news/2020/exploring-mining/07091RIO-SA-GORO-STGO.asp
Rio Tinto Group (NYSE:RIO) plans to wind down operations and eventually
close its New Zealand Aluminium Smelters (NZAS) over the next 14 months
following a strategic review that showed that “the business is no longer viable
given high energy costs.” Alf Barrios, the CEO of Rio Tinto Aluminium, said:
"It
is not a decision we have made lightly and without significant careful
consideration. It is very unfortunate we could not find a solution with our
partners to secure a power price reduction aimed at making NZAS a financially
viable business. We will therefore terminate the power contract and move to
close the operation.”
Seabridge Gold Inc. (NYSE:SA) has begun geotechnical drilling along the route of
the Mitchell Treaty Tunnels (MTT), considered a “key infrastructure component
of its 100%-owned KSM gold-copper project in north western British Columbia,
Canada.” The company is set to drill 4,000 meters in 10 holes this year. Rudi
Fronk, the Chairman and CEO of Seabridge, explained:
"Our
permit allows us to drill 40 holes, but we have limited this summer's program
to only one drill rig and 10 holes to reduce the load on our camp facilities
and protect our employees and contractors. We will be following a very detailed
protocol to minimize risks to our workers and local Indigenous groups."
Gold Resource Corporation (NYSE American:GORO) has revealed its Q2 2020 production results from
the Tucano mine in Brazil, and Topia and the Guanajuato Mine Complex (GMC) in
Mexico, its three 100 percent-owned mines. The quarterly production reached
38,540 gold equivalent ounces and boasted record monthly production in June at
Tucano. Company CEO Rob Henderson commented:
"In
Brazil , Tucano outperformed this quarter despite the challenges of COVID-19,
and in Mexico, Topia and GMC have returned to stable production following the
lifting of government mandated restrictions on mining. I would like to thank our teams for
delivering these strong results while prioritizing the safety and health of our
people and communities and adjusting to these unprecedented times."
Steppe Gold Ltd. (TSX:STGO) has announced a $15 million CAD strategic
investment from Eric Sprott. According to the press release, Steppe Gold will
use the proceeds of this private placement to “advance their exploration and
development projects as well as for working capital and general corporate
purposes.” Matthew Wood, Executive Chairman of Steppe Gold, said:
"On
behalf of the Board and the Management of Steppe Gold, I am delighted to
welcome Mr. Sprott's initial investment. His support serves as a strong
endorsement for Steppe Gold's exciting gold assets."
The
Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com,
iHeartRadio and Google Play Music.
Visit
the Podcast page at Investorideas.com:
Research mining stocks at
Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About
Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com
is a recognized news source publishing third party news, research and original
financial content. Learn about investing in stocks and sector trends with our
news alerts, articles, podcasts
and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech,
water, renewable energy and more. Investor Idea’s original branded content
includes the following podcasts and columns : Crypto
Corner , Play by Play sports and stock news column, Investor
Ideas Potcasts Cannabis News and Stocks on the Move
podcast and column, Cleantech and Climate Change , Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third
party sourced news, articles and equity research as well as creates original
content, including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions.
More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more
about publishing your news release and our other news services on the
Investorideas.com newswire https://www.investorideas.com/News-Upload/ and
tickertagstocknews.com
Global
investors must adhere to regulations of each country. Please read
Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact Investorideas.com
to be a guest or sponsor this podcast
800-665-0411
No comments:
Post a Comment