Thursday, May 12, 2022

#ExploringMining #Podcast 273 - News from (NYSE: $RIO) (NYSE: $CCJ) (NYSE: $AG) (NYSE: $EXK)



 

#ExploringMining #Podcast 273 - News from (NYSE: $RIO) (NYSE: $CCJ) (NYSE: $AG) (NYSE: $EXK)  

 

Vancouver, Kelowna, Delta, BC, May 12, 2022 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:

https://www.investorideas.com/Audio/Podcasts/2022/051222-Mining.mp3

 

Read this in full at https://www.investorideas.com/news/2022/exploring-mining/05121RIO-CCJ-AG-EXK.asp

 

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Rio Tinto Group (NYSE:RIO) has announced its starting of tellurium production at its Kennecott copper operation in Utah, becoming, according to the press release, “one of only two U.S. producers of the critical mineral used in advanced thin film photovoltaic solar panels.” Clayton Walker, the company’s COO, explained:

 

“Approximately 90 percent of the world’s tellurium resource is contained in copper ore and no other metal has more critical mineral by-products than copper. The Kennecott team is constantly looking for ways to extract new critical minerals to meet emerging demand for the clean energy transition."

 

Cameco Corporation (NYSE:CCJ) and Orano Canada Inc. have reached an agreement with Idemitsu Canada Resources Ltd. to acquire Idemitsu’s 7.875 percent participating interest in the Cigar Lake Joint Venture. This increases Cameco’s ownership stake in the Cigar Lake uranium mine in northern Saskatchewan by 4.522 percent to 54.547 percent. Tim Gitzel, Cameco’s President and CEO, said:

 

"As the world’s largest high-grade uranium mine, Cigar Lake is quite simply one of the best and most prolific uranium producing assets on the planet. Cameco is very pleased to increase our ownership stake in this outstanding tier-one operation. As the operator of Cigar Lake since 2002, it’s an asset we know incredibly well. It’s a proven, permitted and fully licenced mine in a safe and stable jurisdiction that operates with the tremendous participation and support of our neighbouring Indigenous partner communities."

 

First Majestic Silver Corp. (NYSE:AG) has reported its unaudited interim consolidated financial results for the first quarter ended March 31, 2022. Highlights include the production of 7.2 million ounces of silver equivalent, and quarterly revenues of $156.8 million. Keith Neumeyer, the company’s President & CEO, said:

 

“Cost-cutting measures are underway across the Company to improve profitability and help reduce further impacts to the business. In addition, efforts to improve efficiencies at Jerritt Canyon remain a key focus. As we reached the one-year anniversary of the acquisition, our team has made significant investments and operating improvements within the mines and at the processing plant. As production comes online at the West Generator and Saval II mines in the coming months, we anticipate improved production rates to drive costs lower."

 

Endeavour Silver Corp. (NYSE:EXK) has shared its financial and operating results for the three months ended March 31, 2022. Highlights include the production of 1,314,955 ounces of silver, 8,695 ounces of gold, and a net revenue of $57.7 million for the quarter. The company’s CEO, Dan Dickson, said:

 

“Our first quarter performance was strong, putting us on track to achieve our 2022 production guidance. High-grade ore at Guanacevi was a driving force and is expected to continue throughout the balance of the year, while production at Bolanitos remains solid. Industry-wide inflation is a growing challenge and we continue to look for ways to mitigate its negative impact.”

 

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