#ExploringMining #Podcast Episode 84 –
#Mining #Stocks News from (NYSE: $GOLD) (NYSE: $AA) (NYSE: $AG) (TSXV: $BNCH.V)
Point Roberts WA, Delta
BC, July 16, 2020 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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this in full at https://www.investorideas.com/news/2020/exploring-mining/07161GOLD-AA-AG-BNCH.asp
Barrick Gold Corporation (NYSE:GOLD) has reported preliminary second quarter sales of
1.22 million ounces of gold and 123 million pounds of copper, with production
of 1.15 million ounces of gold and 120 million pounds of copper. Though gold
production was lower than figures from the first quarter of 2020, the company’s
President and CEO Mark Bristow said these results positioned Barrick well to
achieve its guidance for the year. On the other hand, the press release
indicates that “preliminary second quarter copper production and sales were
both higher than the previous quarter.”
Alcoa Corporation (NYSE:AA) has reported its second quarter 2020 results,
which include: revenue of $2.1 billion, and first-half and quarterly production
records for its Bauxite segment. Company President and CEO Roy Harvey
commented:
"I
am proud of our global team’s resolve in facing challenges created by the
pandemic, focusing first on protecting people. We acted early to implement
comprehensive measures to mitigate health risks, and we continue to exercise
all precautionary measures to keep people safe and our locations fully
operational.”
"Despite
challenging market conditions, our team has lowered production costs, increased
output, maintained stable shipments, and improved our balance sheet. We continued
to make progress in executing our strategic actions and 2020 programs, and we
finished the quarter with a cash balance of nearly one billion dollars."
First Majestic Silver Corp. (NYSE:AG) has announced total Q2 production of 3.5 million
silver equivalent ounces consisting of 1.8 million ounces of silver and 15,764
ounces of gold. This production is perceived as being better than expected,
given measures taken to slow operations to deal with COVID-19 regulations.
First Majestic President and CEO Keith Neumeyer explained:
“Despite
the temporary shutdown of operations during the quarter, our production results
were better than anticipated as a result of implementing an extended and safe
ramp down of the San Dimas operation throughout the month of April. San Dimas
produced a total of 2.4 million silver equivalent ounces, or 35% lower than the
previous quarter. Total production at the Santa Elena and La Encantada
operations were 63% and 45% lower, respectively, compared to the prior quarter
as a result of suspending operations in early April.”
Benchmark Metals Inc. (TSXV:BNCH) has signed a Communications and Engagement
Agreement with the Tahltan Central Government – the administrative governing
body of the Tahltan Nation – regarding the former’s 100 percent-owned Lawyers
Gold-Silver Project located in the prolific Golden Horseshoe of northern
British Columbia, Canada. John Williamson, Benchmark CEO commented:
"Today's
announcement is another step forward in fostering the positive and constructive
relationship we share with the Tahltan Nation. The Company looks forward to
working in a collaborative manner with the Tahltan Nation as we continue to
develop our flagship gold-silver project."
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