#ExploringMining #Podcast – #Mining News
from (NYSE: $GOLD) (TSXV: $ANZ.V) (NYSE: $CDE) (TSXV: $SCZ.V) (CSE: $USGD.C)
(OTC: $BDWYF)
Point Roberts WA, Delta
BC, January 28, 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.
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Barrick Gold Corporation (NYSE:GOLD) has announced that its Kibali mine, located in the
Democratic Republic of Congo, beat its 2019 production guidance of 750,000
ounces of gold with 814,027 ounces, making for a record year. Barrick’s CEO
Mark Bristow commented:
“The
completion of the Kalimva Ikamva prefeasibility study has delivered another
viable opencast project which will help balance Kibali’s opencast/underground
ore ratio and enhance the flexibility of the mine plan. Down-plunge extension drilling at Gorumbwa
has highlighted future underground potential and ongoing conversion drilling at
KCD is delivering reserve replenishment.
All in all, Kibali is well on track not only to meet its 10-year
production targets but to extend them beyond this horizon.”
Despite this bit of positive news, Barrick’s stock is
down a touch today trading about 2.5 percent lower than yesterday at press
time. This could be linked to the slight downtrend in gold today, which is
priced at $1,571 currently, according to data from Kitco.
Alianza Minerals Ltd. (TSXV:ANZ) has signed the Option Agreement relating to a
Letter of Intent with a wholly owned subsidiary of Coeur Mining, Inc. (NYSE:CDE),
to explore the Tim Property in the southern Yukon Territory. This exploration
will target high-grade silver-lead mineralization. Jason Weber, President and
CEO of Alianza Minerals, said:
“We
are very pleased to have partnered with Coeur to advance the Tim Silver
Property. Tim looks to be a Silvertip analog, and the Coeur team is an obvious
choice to move the project forward. It will be a great advantage to have
Coeur’s geological expertise applied to the project.”
Coeur stock is actually down about 5 percent at press
time, despite the press release for this news indicating that they “can earn an
80% interest in the Property by (i) funding $3.55 million in exploration over
five years and (ii) making scheduled cash payments totalling $575,000 over
eight years.” Similar to Barrick, mentioned earlier, this could have more to do
with silver being down about 3 percent today.
Santacruz Silver Mining Ltd. (TSXV:SCZ) has reported its Q4 2019 and year end results for
the Zimapan Project in Zimapan Hidalgo, the Veta Grande Project in Zacatecas,
and Rosario Project in Charcas, San Luis Potosi, all located in Mexico.
Highlights indicated in the press release include:
●
Total production reached 2.8 million
equivalent ounces of silver, representing a 346% increase over 2018
●
Silver production reached 787,476 ounces,
representing a 249% increase over 2018
●
Ramp development advanced at Zimapan, Veta
Grande and Rosario projects to support an increase in milling tonnage for 2020
at all three mines.
Santacruz's COO, Carlos Silva, said:
"Santacruz
had a record year in 2019 producing 2.8 million silver equivalent ounces
following the successful acquisition and integration of Carrizal Mining. In
addition to this transformative event, the Veta Grande and Rosario mines
increased their annual production substantially, while at the same time
maintaining significant development activities and advancing exploration plans
as a pathway to keep improving our production at all mines and expanding mine
resources."
At press time, Santacruz stock is up nearly four
percent, which may have been triggered by this positive news.
American Pacific Mining Corp. (CSE:USGD) has signed a Letter of Intent with
Broadway Gold Mining (OTC:BDWYF), giving the former “the exclusive
right to negotiate a definitive agreement with Broadway and certain of its
subsidiaries to acquire Broadway’s interest in the Madison Copper Gold Project
in Montana, USA.” American Pacific CEO Warwick Smith commented:
“The
opportunity to acquire the fully-permitted, past-producing Madison Copper Gold
Project will strengthen the portfolio with a porphyry/skarn project that has
already been evaluated and transacted upon by a major.”
Details of this agreement are contingent upon Broadway
Gold’s other deals, and as such are not yet definitive. Perhaps as a
consequence of this, American Pacific’s stock has not budged since this news
was first released yesterday.
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