#ExploringMining #Podcast
– #Mining News from (NYSE: $SILV) (TSX: $SIL.TO) (NasdaqGS: $SSRM) (NYSE: $IAG)
(NYSE: $EXK) (TSXV: $AAX.V) (TSXV: $SKP.V) (CSE: $SIG.C)
Point Roberts WA,
Delta BC, January 14, 2019 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:
Read this in full
at https://www.investorideas.com/news/2020/exploring-mining/01141SILV-SSRM-IAG-EXK-AAX-SKP-SIG.asp
SilverCrest
Metals Inc. (NYSE
American:SILV) (TSX:SIL) has closed the
private placement with SSR Mining Inc. (NasdaqGS:SSRM) previously announced on January
3, 2020. The press release indicates that:
SSR Mining
purchased 1,819,074 common shares of the Company at a price of C$7.28 per share
for a total investment of C$13,242,859. The common shares have a statutory hold
period of four months and one day expiring May 11, 2020.
With the closing of
the bought deal public offering (see news release dated December 18, 2019) and
exercise by SSR Mining of its equity participation right, SilverCrest is in a
robust financial position to advance the high-grade precious metal Las Chispas
Project in Sonora, Mexico with C$124 million of cash and no debt.
IAMGOLD
Corporation (NYSE:IAG) has received
approval from the Government of the Republic of Senegal of a
mining permit application for the Boto Gold Project lasting for an initial
period of 20 years. Gord Stothart, President and COO of IAMGOLD, commented:
“The Boto Gold
Project generates impressive returns and margins, and we are very pleased to
now be in receipt of the exploitation permit. We thank the Government of
Senegal for their ongoing support of this Project. Situated in the highly
prospective Boto-Karita-Diakha gold district, the Project is well positioned to
benefit from further discoveries. Work is already underway to obtain approvals
for the next steps, supporting either a decision to proceed to full
construction or further de-risk prior to construction approval."
Endeavour
Silver Corp. (NYSE:EXK) has reported
“production of 4.0 million silver ounces (oz) and 38,907 gold oz in 2019, for
silver equivalent production of 7.1 million oz at an 80:1 silver:gold ratio.”
The company’s silver production in Q4, 2019 was “939,511 oz and gold production
was 9,578 oz, for silver equivalent production of 1.7 million oz.” Factors such
as the suspension of mining operations at the El Cubo mine resulted in Q4, 2019
being lower than Q4, 2018, according to the press release. Bradford Cooke,
Endeavour CEO, explained:
“The Company’s
performance last year was negatively impacted by operating issues at all four
mines. We made sweeping changes to the
mining operations in Q2 and Q3 and as a result, we are finally seeing production
turning around, led by [the] Guanacevi [project]. Endeavour expects higher production at each
of its three mines in 2020.”
Advance
Gold Corp. (TSXV:AAX) has announced that
the third phase of geophysics is underway on the company's Tabasquena project
in Zacatecas, Mexico. The aims of this geophysical survey are to “delineate a
new chargeability anomaly, identified on the most southerly of the
reconnaissance lines from the second survey” and to “do a long
northwest-southeast line cross cutting all of the previous east-west survey
lines and by so doing obtain a much deeper penetration to better understand the
depth potential of the previously identified chargeability anomaly.” Allan
Barry Laboucan, President and CEO of Advance Gold Corp., explained:
"Our previous
geophysical surveys have identified a large continuous chargeability anomaly
and what appears to be the start of a new anomaly, however this new anomaly can
only be seen on one of the most southerly reconnaissance lines. This additional
grid to the south of the primary anomaly will extend the grid beyond the last
reconnaissance line by approximately 1000 metres and hopefully delineate the
new anomaly.”
StrikePoint
Gold Inc. (TSXV:SKP) has
signed a definitive
agreement with Sitka Gold (CSE:SIG)
regarding the acquisition by Sitka of 100 percent of StrikePoint's Mahtin
property in the Yukon Territory in Canada. StrikePoint CEO Shawn Khunkhun
commented:
"The Mahtin
transaction will provide StrikePoint with a significant share position in Sitka
and a royalty on the Mahtin property. This will provide StrikePoint
shareholders with exposure not only to the exploration upside at Mahtin, but to
Sitka's entire project portfolio, which include the Burro Creek Gold-Silver
Deposit in Arizona, the Alpha Gold Project in Nevada and the RC Gold Property
in the Yukon. Sitka's has a strong technical team, good share structure with
significant ownership by management and have demonstrated an ability to finance
operations."
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