#ExploringMining #Podcast Episode 116 – #Mining #Stocks News from (NYSE: $SILV) (TSX: $SIL.TO)(NYSE: $GOLD) (NYSE: $KGC)( TSXV: $BTR.V)
Point Roberts WA, Delta BC, November 5, 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 discovered high-grade mineralization at the El
Muerto Zone in the northwest part of the Babicanora Vein at its Las Chispas
Property in Sonora, Mexico. This came as part of a 45-hole drill program,
wherein one hole intersected 1.5 metres grading 12.68 gpt Au and 1,723.8 gpt
Ag, or 2,675 gpt AgEq. SilverCrest Metals CEO Eric Fier said:
"Our
exploration team is doing an exceptional job under strict COVID-19 protocols,
including a quarantined site camp. The recent discovery of the El Muerto Zone
continues to show that Las Chispas has significant additional potential as we
focus on expansion and new discoveries of high-grade mineralization in the
district. Further drilling at El Muerto, below the current Babicanora Vein
resource, is planned in Q4 2020 and next year.
Our
Las Chispas operations team is also doing an excellent job as site work
continues, including: underground drifting, stockpiling of high-grade
mineralization, building the warehouse and administration office, expanding the
site quarantined camp, and installation of site water and electrical systems.
Senior management recently had visited the site to oversee the planned progress
with respect to exploration and operations. The Feasibility Study is advancing
well with an anticipated release in late December 2020 or early January 2021,
along with a final mill construction decision."
Barrick Gold Corporation (NYSE:GOLD) has revealed third quarter 2020 results,
indicating that it increased its operating cash flow by 80 percent
quarter-on-quarter to $1.9 billion and its free cash flow by 151 percent to
$1.3 billion in the third quarter of 2020, making for a record level of
quarterly free cash flow for the company. Additionally, the company reduced its
debt net of cash “to $0.4 billion with no significant maturities until 2033,”
and reported an adjusted net earnings per share increase of 78 percent to 41
cents for the quarter.
Kinross Gold Corporation (NYSE:KGC) has announced its results for the third quarter
ended September 30, 2020, including the production of 603,312 attributable gold
equivalent ounces and sales of 588,559 gold equivalent ounces. The company’s
President and CEO, J. Paul Rollinson, said:
“Year-over-year,
our margins grew by 60% to $1,171 per gold ounce sold, which substantially
outpaced the 30% increase in the average realized gold price. We also continued
to strengthen our investment grade balance sheet and ended the quarter with
approximately $935 million in cash and total liquidity of $2.5 billion.
In
September, we were pleased to announce an expected 20% increase in production
over the next three years to 2.9 million gold equivalent ounces, along with
plans for a quarterly dividend to return capital to our shareholders. We also
provided a long-term production outlook which forecasts Kinross producing an
average of 2.5 million gold equivalent ounces annually through to 2029.”
Bonterra Resources Inc. (TSXV:BTR) has announced results from the ongoing drilling
campaign at its Gladiator project, including one hole with 15.6 g/t Au over 1.6
metres. Pascal Hamelin, Interim CEO and VP, Operations commented:
"These
latest drill results are very encouraging, and demonstrate the continuity of
the Main and North Zones. The addition of a series of interpreted north-dipping
zones to the Main and North Zones further enhances our understanding of the
Gladiator deposit."
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