#ExploringMining #Podcast 309 - News from (NYSE: $TRQ) (NYSE: $AGI)
(NYSEAmerican: $XPL) (CSE: $SCV.C)
Vancouver, Kelowna, Delta, BC, November
16, 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/2022/111622-Mining.mp3
Read this in full at https://www.investorideas.com/news/2022/exploring-mining/11161TRQ-AGI-XPL-SCV.asp
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Turquoise Hill
Resources Ltd. (NYSE:TRQ) has announced its financial results for the three
month period ended September 30, 2022. The company posted a revenue of $391.1
million in the quarter – down from $662.1 million in Q3 of 2021. This drop is
attributed to “decreases in copper and gold production,” and “decreases in
average copper and gold prices.” Turquoise Hill’s Interim CEO, Steve Thibeault,
commented:
“From
a production perspective, we increased our gold production guidance for the
year and are on track to meet our revised copper production guidance.”
Alamos Gold Inc. (NYSE:AGI) has reported new results from ongoing surface
exploration drilling at its higher-grade underground deposit Puerto Del Aire,
extending high-grade gold mineralization outside of Mineral Reserves and
Resources. John A. McCluskey, the company’s President and CEO, said:
“These
exploration results highlight the significant potential to add higher-grade
Mineral Reserves and Resources at Puerto Del Aire. They are also a further
demonstration of the potential within the Mulatos District and our long-term
track record of exploration success. Mulatos began producing in 2005 with a
mine life of approximately seven years. Seventeen years later, the mine has
produced 2.5 million ounces of gold and still had a six year Mineral Reserve
life as of the end of 2021.”
Solitario Zinc
Corp. (NYSEAmerican:XPL) has discovered a new area of high-grade gold and
silver mineralization at surface and has also significantly expanded its land
position in South Dakota. According to the press release, assay results from
the Geyser prospect area of the newly acquired Ponderosa Property “range from
1.1 grams per tonne gold to 94.2 gpt gold.” Chris Herald, the company’s
President and CEO, said:
“A
significant number of additional samples have been collected in the Geyser
area, extending hundreds of meters in all directions. We look forward to
releasing the results of these samples as they become available."
Scotch Creek
Ventures Inc. (CSE:SCV) has added 54 claims adjacent to its 100
percent-owned Macallan East Lithium project, thereby increasing the project's
total acres to 6,360 acres, and making Scotch Creek one of the largest lithium
landholders in Clayton Valley. According to the press release, the Macallan
East project “now lies on trend South-Southeast (SSE) of one of the world's
most prolific lithium claystone belts.”
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