#ExploringMining #Podcast Episode 109 – #Mining #Stock News from (NYSE: $GOLD) (CSE: $BFG.C) (NYSE: $AG) (NYSE: $EGO) (TSXV: $MGG.V)
Point Roberts WA, Delta BC, October 13, 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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Barrick Gold Corporation (NYSE:GOLD) has signed a definitive agreement with Bullfrog
Gold Corp. (CSE:BFG) wherein Barrick will sell the latter
all of its mining claims, historical resources, permits, rights of way and
water rights in the Bullfrog mine area. Bullfrog's CEO & President, David
Beling, commented:
"We
are delighted to announce the signing of the Definitive Agreements and are
encouraged by the positive market reaction to the announcement of the binding
term sheet in respect of the Transaction. Bullfrog will be well-funded to
expedite the exploration and development of the Bullfrog project, and we are
excited to welcome our new cornerstone shareholders, Barrick and Augusta."
First Majestic Silver Corp. (NYSE:AG) has revealed production results for Q3 2020,
including 5.2 million silver equivalent ounces consisting of 3.2 million ounces
of silver and 25,771 ounces of gold. This represents an increase of 72 percent
in silver production and a 63 percent increase in gold production over the last
quarter. First Majestic President and CEO, Keith Neumeyer, said:
“During
the quarter, higher production rates along with improved metal prices and the
recent investment by Eric Sprott resulted in significant growth of our treasury
to $232 million at quarter end. At the operations, we recorded strong quarterly
silver production at both La Encantada and San Dimas due to higher milling
rates and we expect this trend will continue going forward into 2021. Santa
Elena is expected to see higher grades and milling rates in the fourth quarter
of 2020 as additional workers have recently arrived to site to assist with
increasing underground ore production. While the COVID-19 situation has thrown
many new complexities at the business, I’m proud of our team’s overall
production results and our continued commitment towards ensuring the health and
safety of all our employees on site and within our local communities.”
Eldorado Gold Corporation (NYSE:EGO) has reported a Q3 2020 preliminary production of
136,672 ounces of gold, making for a 35 percent increase over Q3 2019. In
particular, gold production at the company’s Kisladag mine saw a 66 percent
increase over Q3 2019 with 59,593 ounces produced. The company’s Olympias mine
produced 13,912 ounces in the quarter, which makes for a 75 percent increase
over Q3 2019.
Minaurum Gold Inc. (TSXV:MGG) has discovered exceptional grades at its Alamos
Silver Project in Sonora, Mexico. Drilling highlights at the site include: 5.1
m of 769 g/t Ag, 0.76% Cu; incl. 3.1 m of 1,197 g/t Ag, 1.38% Cu in hole
AL20-046, 2.9 m of 636 g/t Ag, 1.36% Cu, 3.85% Pb, 7.18% Zn in hole AL20-044,
and 1.75 m of 144 g/t Ag, 4.15% Pb, 9.10% Zn in hole AL20-043. Minaurum
President and CEO, Darrell Rader, said:
"We
are very pleased by these high-grade silver results from the Promontorio Vein,
historically the second largest producer at Alamos. These results confirm that
mining stopped in mineralization and that it continues to depth. We are
continuing to trace the mineralized shoot through systematic 75- to 150-metre
step-outs along strike and down-dip."
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