#ExploringMining #Podcast
311 - News from (NYSE: $AGI) (TSXV: $SCZ.V) (NYSEAmerican: $TMQ) (TSXV: $NGC.V)
Vancouver, Kelowna, Delta, BC, November
30, 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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Alamos Gold Inc. (NYSE:AGI) has shared results from its surface and
underground exploration drilling at the Island Gold mine, further extending
high-grade gold mineralization in Island West, Island East, and at depth. John
A. McCluskey, the company’s President and CEO, said:
“These
high-grade results across multiple areas of the Island Gold deposit highlight
the significant exploration upside, not only laterally and at depth, but within
newly defined sub-parallel structures. Much of our focus the last several years
has been adding high-grade Mineral Resources at depth in advance of the Phase
3+ Expansion study. Having nearly tripled the Mineral Reserve and Resource base
to over five million ounces of gold and with work on the expansion ramping up,
our exploration focus is shifting to more cost-effective underground drilling
where we can leverage existing infrastructure.”
Santacruz Silver Mining
Ltd. (TSXV:SCZ) has reported its financial and operating results
for the third quarter of 2022. Highlights include quarterly revenues of $87.7
million – up 501 percent from Q3 2021, and a gross decrease of 260 percent
in profit to a loss of $5.8 million. The company’s CEO Carlos Silva explained:
"For
the three months ended September 30, 2022 the Company recorded a net loss of
$9.9 million (2021: net loss of $3.8). These results were due in part to a $3.4
million increase in depreciation and depletion at the Zimapan Mine combined
with a certain one-time charges recorded to cost of sales and operating
expenses in Bolivia.”
Trilogy Metals Inc. (NYSEAmerican:TMQ) has announced drilling results from the 2022
summer field season at the Upper Kobuk Mineral Projects (UKMP) in northwestern
Alaska. The 2022 field program comprised 10,738 metres of diamond drilling.
Richard Gosse, the company’s Vice President of Exploration, said:
"We
are encouraged by the results of this first set of holes, received from a
record total number of meters drilled at Arctic (8,376 meters) in one season,
in addition to seven regional drill holes, and extensive geological mapping and
soil sampling at several other VMS prospects in the belt, including Ambler,
Dead Creek, Sunshine and COU. We look forward to announcing more results from
this comprehensive program in the next few months, with a view of upgrading the
Indicated Resources at Arctic to Measured."
Northern Graphite
Corporation (TSXV:NGC) has reported its financial results for the three
and nine month periods ended September 30, 2022. Q3 highlights include the
production of 3,068 tonnes of graphite, the generation of $4.5 million in
revenue, and total assets of $106.5 million as at September 30, 2022. Hugues
Jacquemin, the company’s CEO, said:
"LDI
[Lac des Iles Mine] is operating according to plan, sales are successfully
being increased in both North America and Europe and we are now focussed on
developing more aggressive expansion strategies in both Quebec and Namibia.
Numerous, active discussions are ongoing with potential strategic and offtake
partners and various government agencies and we expect to comment on these
developments in the new year."
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