#ExploringMining #Podcast Episode 83 –
#Mining #Stocks News from (NYSE: $AGI) (NYSE: $EXK) (TSXV: $BTR.V) (TSXV: $SCZ.V)
Point Roberts WA, Delta
BC, July 14, 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/07141AGI-EXK-BTR-SCZ.asp
Alamos Gold Inc. (NYSE:AGI) has reported new results from surface and
underground exploration drilling at its Island Gold Mine. Alamos President and
CEO, John A. McCluskey, said:
“Island
Gold has seen exceptional growth over the last several years with the deposit
doubling in size since we acquired it in 2017. This includes the addition of
nearly one million ounces of Mineral Reserves and Resources through our 2019
exploration program to now total 3.7 million ounces. This growth has been
incorporated into a Phase III Expansion Study of the operation which we will be
releasing the details of later this week.”
Endeavour Silver Corp. (NYSE:EXK) has announced strong economic results from the
final Pre-Feasibility Study of the Terronera Mine Project in Jalisco state,
Mexico. Some highlights include: an after-tax net present value of $137
million, after-tax internal rate of return of 30 percent, and life of mine
annual production averaging 3 million oz silver and 32,800 oz gold for 5.9 million
oz silver equivalent at an 89:1 silver:gold ratio over an initial 10 year mine
life. The company’s CEO Bradford Cooke said:
“At
current spot prices, the project exhibits the exceptional economics that one
would expect from such a shallow, thick and rich silver-gold vein system.
Endeavour now plans to complete a Feasibility Study at an estimated cost of
$1.8 million over the next 12 months. Terronera represents our next core asset
and once built, should become our largest and lowest cost mine.”
Bonterra Resources Inc. (TSXV:BTR) has resumed its 2020 drill program this week at
the Moroy, Gladiator and Barry projects which had previously been suspended on
March 17, 2020 in response to COVID-19. According to the press release, “an
additional 56,000 meters of drilling is planned for the remainder of 2020,
which includes 20,000 m of surface and underground drilling at Moroy, 16,000 m
at Gladiator and 20,000 m at Barry.” Pascal Hamelin, Interim CEO and VP,
Operations commented:
"We
are very excited to resume our exploration activities in the Urban-Barry and
the Bachelor camps as we have excellent targets to follow up on. I wish to
thank our employees and suppliers for their continuous support and effort in
maintaining all our assets in excellent shape for a safe resumption."
Santacruz Silver Mining Ltd. (TSXV:SCZ) has reported its Q1 financial and production
results for 2020. The company’s consolidated mining operations generated a
gross loss of $1.87 million with a net loss after taxes of $87,000. Carlos
Silva, CEO of Santacruz, explained:
"With
the acquisition of Carrizal Mining now complete our focus has shifted to
streamlining operations for improved efficiency. Our primary focus is to get
the Zimapan operations back to historic throughput levels - a task that has
been made more challenging by taking the necessary COVID-19 precautions at the
beginning of March. Rosario's contribution to earnings is expected to increase
as mining operations begin to access higher grade material and efforts are made
to increase throughput. The one-time cost of shutting the Veta Grande
operations increased our cost per ounce metrics in the current quarter, but
with operations curtailed these costs are not forecast to flow through to
future periods. The costs of managing an effective COVID prevention program
will weigh on our Q2 results, but with improved silver prices we expect to have
a strong Q3."
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