#ExploringMining #Podcast
321 - News from (NYSE: $RIO) (NYSE: $GOLD) (NYSE: $SA) (TSXV: $CVV.V)
Vancouver, Kelowna, Delta, BC, January
18, 2023 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:
https://www.investorideas.com/Audio/Podcasts/2023/011823-Mining.mp3
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Rio Tinto (NYSE:RIO) has published its fourth quarter and full year
production results for 2022. Highlights include the production of 324.1 million
tonnes of Pilbara iron ore, 54.6 million tonnes of bauxite, and three million tonnes
of aluminum. Jakob Stausholm, the company’s CEO, said:
“A
number of operational records were achieved in the second half across the
Pilbara iron ore mine and rail system. Deployment of our Safe Production System
resulted in improved performance at those sites and overall production was
higher versus 2021 across all commodities, with the exception of aluminium and
alumina.”
Barrick Gold Corporation (NYSE:GOLD) has reported its preliminary full year and fourth
quarter 2022 production results. Highlights include preliminary gold production
for the full year of 4.14 million ounces and preliminary copper production of
440 million pounds. The company also reported Q4 sales of 1.11 million ounces
of gold and 99 million pounds of copper.
Seabridge Gold Inc. (NYSE:SA) has announced the completion of drilling as well
as assay results received from its limited 2022 drill program. According to the
press release, the “program commenced in mid-September for the company’s 100
percent-owned 3 Aces project, and “as one of the permit conditions requires
that drilling cease each year at the end of October, only four holes were
drilled.” Rudi Fronk, Seabridge’s Chairman and CEO, said:
"We
were hoping to accomplish more in 2022, but the late start and challenging
conditions slowed progress. Initial results indicate that our new model, with
further modifications, should resolve many of the continuity questions at 3
Aces. Although only limited data acquisition was accomplished in this program
we are confident we have moved closer to our goal of defining a large resource
in coming seasons."
CanAlaska Uranium Ltd. (TSXV:CVV) has announced its newly acquired Frontier project,
totalling 15,929 hectares, in the northeastern Athabasca Basin. The company’s
CEO, Cory Belyk, explained:
“This
is a very exciting new project generated by our talented geologists along one
of the most important mineralized corridors in the eastern Athabasca Basin near
critical milling infrastructure. The Roughrider uranium deposit discovery was
one of the most important in the last uranium cycle anywhere in the world
reigniting interest in the northeastern area of the Basin. The Frontier project
is a geological extension of the Roughrider Mineralized Corridor and has never
had modern survey methods applied toward basement-hosted uranium deposit
discovery.
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