#ExploringMining #Podcast
275 - News from (NYSE: $AA) (NYSEAmerican: $MAG) (TSXV: $ELE.V) (TSXV: $GSHR.V)
Vancouver, Kelowna, Delta, BC, May 19,
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.
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podcast:
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Alcoa Corporation (NYSE:AA) has signed a contract for renewable energy to
support the planned restart in 2024 of aluminum smelting at the San Ciprián
smelter in Spain. The company had previously announced a two-year curtailment of
aluminum smelting at the site in December, 2021, in response to high energy
prices. Álvaro Dorado Baselga, Vice President Global Energy in Alcoa and
President of Alcoa in Spain, said:
"This
power contract is a very important step for the long-term viability of San
Ciprián. We are working to fulfill our commitments to the workers’
representatives, and the support of the government in the development of the
necessary energy framework remains vital."
MAG Silver Corp. (NYSEAmerican:MAG) has announced its unaudited financial results for
the three months ended March 31, 2022. Highlights for the quarter include the
processing of 145,484 tonnes of mineralized development and stope material
through the Fresnillo and Saucito plants, with “2,238,810 payable silver
ounces, 5,345 payable gold ounces, 1,066 tonnes of lead and 1,448 tonnes of zinc
produced and sold.” The company also reported a net income of $2,680,000 for
the quarter.
Elemental Royalties Corp.
(TSXV:ELE) has posted its operating and financial results for
the three months ended March 31, 2022. Highlights include a quarterly revenue
of $2.2 million generated across five diversified royalties, and record
quarterly gold production at Capricorn's Karlawinda mine. Frederick Bell, CEO
of Elemental, said:
“Alongside
a solid quarter of production across our royalties, we are particularly excited
to see exploration underway across some of our major assets that will continue
to demonstrate the upside potential for shareholders at no cost to
Elemental."
Goldshore Resources Inc. (TSXV:GSHR) has announced that it is working with Dr. Russell
Birrell of Globex on implementing his ionic leach soil sampling technique to
enable the detection of bedrock anomalies beneath muskeg swamp and glacial till
at the company’s Moss Lake project. Peter Flindell, Vice President Exploration,
explained
"I
have worked with Dr. Birrell and the ionic leach technique in Scotland where we
successfully identified several mineralized targets. This technique is well
suited to the type of cover at Moss Lake and I look forward to reviewing the
first results over the QES Zone. The ionic leach program will continue
throughout the 2022 summer field season and focus on the targets developed from
last year's VTEM/magnetics survey. This will help us to rank and rate all
targets, and to prioritize the scout drilling program, outside the historical
Moss Lake deposit."
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