#ExploringMining #Podcast 323 - News from (NYSE: $GOLD) (NYSEAmerican:
$EQX) (NYSEAmerican: $MAG) (TSXV: $SCZ.V)
Vancouver, Kelowna, Delta, BC, January
27, 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.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2023/012723-Mining.mp3
Read this in full at: https://www.investorideas.com/news/2023/exploring-mining/01271GOLD-EQX-MAG-SCZ.asp
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Barrick Gold
Corporation (NYSE:GOLD) has announced that its two gold mines in Tanzania,
North Mara and Bulyanhulu, boosted their combined output to 547,000 ounces in
2022, and that “exploration is continuing to deliver opportunities to grow the
mineral reserves net of depletion at both mines.” The company’s President and
CEO, Mark Bristow, said:
“Last
year North Mara was officially recognized as Tanzania’s largest taxpayer and
Bulyanhulu was awarded the Best Compliant Employer prize by the National Social
Security Fund. North Mara and Bulyanhulu also received the first and second
runner-up recognition awards, respectively, for the Export of Minerals and the
generation of foreign currency. They’ve both come a very long way and we look
forward to continuing that journey through our Twiga partnership with the
government.”
Equinox Gold Corp.
(NYSEAmerican:EQX) has posted an update on construction progress at
its Greenstone Project in Ontario, Canada. The Greenstone Project, according to
the press release, is expected to be “one of the largest gold mines in Canada,
producing more than 400,000 ounces of gold annually for the first five years
and more than five million ounces of gold over its initial 14-year mine life.”
Greg Smith, President & CEO of Equinox Gold, said:
"The
Greenstone Project is now more than two-thirds complete and remains on budget
and on schedule. With key equipment on site or enroute, building infrastructure
essentially complete and most buildings enclosed and heated, the construction
effort is shifting to interior mechanical, electrical and piping installation
during the winter months. Detailed commissioning and operation readiness
planning is well underway to prepare for the first gold pour in the first half
of 2024."
MAG Silver Corp. (NYSEAmerican:MAG) has reported both Q4 and full year 2022 production
results from the Juanicipio Project. According to the press release, 165,786
tonnes of mineralized material from both underground development and initial
stopes were processed during Q4 (ending December 31, 2022), and a total of
646,148 tonnes of mineralized material were processed at an average silver head
grade of 520 g/t for the year ended December 31, 2022. George Paspalas, MAG
Silver’s President and CEO, said:
“We
are excited to begin the new year marching towards ramp-up to nameplate
throughput of 4,000 tonnes per day after fully connecting to the national power
grid in December. The opportunity to run high-grade material through our world
class processing facility will set the stage for MAG becoming a top tier silver
producer, focused on cash flow generation and return on capital invested.”
Santacruz Silver
Mining Ltd. (TSXV:SCZ) has announced full-year 2022 production of
15,010,871 silver equivalent ounces from its Bolivar Silver/Zinc Mine, the
Porco Silver/Zinc Mine, the Caballo Blanco Silver/Zinc Group of Mines, the San
Lucas Trading company and the Zimapan Mine in Mexico. The company’s CEO, Carlos
Silva, said:
"Q4
has been an interesting quarter as we have received a significant amount of
underground and milling equipment across all our operations leaving us well
positioned to achieve our budgeted 2023 mine production with high levels of productivity,
efficiency, and safety."
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