#ExploringMining #Podcast 318 - News from (NYSE: $BVN) (NYSEAmerican:
$MAG) (TSX: $ELEF.TO) (TSXV: $AGD.V)
Vancouver, Kelowna, Delta, BC, December
28, 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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https://www.investorideas.com/Audio/Podcasts/2022/122822-Mining.mp3
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Buenaventura (NYSE:BVN) has announced the resumption of operations at its
Julcani and Orcopampa mines. Operations had been interrupted by “political
protests throughout Peru,” which “adversely affected supply routes to mines
throughout the country,” according to a press release earlier this month. There has
been no damage to Buenaventura’s property or assets, and this timely restart to
operations will allow the company to meet its 2022 production guidance.
MAG Silver Corp. (NYSEAmerican:MAG) has received confirmation that final testing of
the downstream power distribution and control systems at its Juanicipio Project
is now complete, connecting it to the national power grid. George Paspalas, the
company’s President and CEO, said:
“Connection
to the power grid is a long-awaited milestone for the Juanicipio Project, our
stakeholders and shareholders alike, and we are thankful for the understanding
and patience as the final steps to connect the plant to the national power grid
were concluded. We now turn to working with Fresnillo to maximize value
generation from Juanicipio as we head into ramp-up and full-scale operations
with Juanicipio graduating into a Tier-1 silver producer.”
Silver Elephant
Mining Corp. (TSX:ELEF) has announced the sale of 3,166 tonnes of Ulaan
Ovoo coal to China – earning it has received $73,000 USD, and that “a
further batch of 3,000 tonnes of Ulaan Ovoo coal are being loaded on rail to
travel south to China.” The company’s CEO, John Lee, said:
"The
Company is at a historical moment as we have achieved our highest sales price
and have delivered a full train load of Ulaan Ovoo coal to Erlian, China. For
2023, our goal is to secure international contracts of between 200,000 to
500,000 tonnes, matching Ulaan Ovoo mine production volume target."
Antioquia Gold Inc.
(TSXV:AGD) has published a summary of its financial results
for the third quarter ended September 30, 2022. Highlights include a revenue of
of $22.37 million CAD in Q3 – compared to $27.55 million in the same
period of 2021, the production of 11,254 ounces of gold – compared to 11,281
ounces for the third quarter of 2021, and a net loss of $2.5 million in the
quarter – compared to an income of $3 million in Q3 2021. The press
release cites a relative decline in gold prices as contributing to its Q3
results.
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