#ExploringMining #Podcast
Episode 168 – #Mining #Stocks News from (NYSE: $NEM) (TSXV: $GTT.V) (NYSE: $HL)
(NYSEAmerican: $MAG) (TSX: $TLG.TO) (TSXV: $UGM.V)
Point Roberts WA, Delta BC, May 18, 2021 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) has completed the acquisition of GT Gold Corp. (TSXV:GTT), part of which includes the Tatogga
project which, according to the press release, “has the potential to contribute
future significant gold and copper annual production.” Newmont President and
CEO Tom Palmer said:
"With
the acquisition of GT Gold and the Tatogga project in the highly sought-after
Golden Triangle district of British Columbia, Canada, Newmont continues to
strengthen our world-class portfolio. We look forward to continuing to build a
respectful and meaningful relationship with the Tahltan Nation, including the
community of Iskut. The relationships we have with Indigenous communities,
First Nations and host communities are critical to the way we operate. We will
partner with the Tahltan Nation at all levels, and with the Government of British
Columbia to ensure a shared path forward as the Company understands and
acknowledges that Tahltan consent is necessary for advancing the Tatogga
project."
Hecla Mining Company (NYSE:HL) has released its Q1 2021 exploration results.
Highlights include the interception of high-grade gold and silver
mineralization, at Green Racer Sinter, over a 1,000-foot strike length and a
1,250-foot dip extent in the Sinter Vein, as well as two new mineralized
footwall structures. Hecla’s President and CEO, Phillips S. Baker, Jr.,
commented:
"Our
early exploration results, just two miles from the mine portal, validates our
thesis that despite its long high-grade production history, there remains
significant untouched potential at Midas. The recent high-grade intercept
grading 5.52 oz/ton gold and 8.9 oz/ton silver over 20.3 feet drilled (13.1 feet
estimated true width) is one of the best exploration drillholes in North
America in the past year."
MAG Silver Corp. (NYSEAmerican:MAG) has reported its unaudited financial results for
the quarter ended March 31, 2021. The company recorded a net loss of
$3,662,000, but holds a working capital amount of $94,844,000. And amid
COVID-19 restrictions in Mexico, the company completed the full Juanicipio 2020
exploration program as planned in 2020, drilling 33 holes and 27,900 metres,
and with full assays expected for Q2 this year.
Troilus Gold Corp. (TSX:TLG) has completed its previously-announced acquisition
of UrbanGold Minerals Inc. (TSXV:UGM) Mathieu Stephens, former President
and CEO of UrbanGold, commented:
“The
amalgamation of UrbanGold with Troilus will be of significant benefit to shareholders
of both companies as it will streamline operations in an emerging gold and
copper camp, where Troilus already owns key infrastructure. With this
acquisition, the entity combines prospective ground and technical expertise
with global capital markets reach and a track record to creating shareholder
value, all key elements to continue developing a successful outcome in the
region.”
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