#ExploringMining #Podcast – #Mining
#Stock News from (NYSE: $AGI) (NYSE: $EXK) (TSXV: $MAI.V) (TSXV: $HIGH.V)
Point Roberts WA, Delta
BC, April 30, 2019 Investorideas.com,
a global investor news source covering mining and metals stocks releases
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Mining Podcast, featuring stock news from TSX, TSXV ,CSE,
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Alamos Gold Inc. (NYSE:AGI) has reported its financial results for the quarter
ended March 31, 2020. Highlights include gold production of 110,800 ounces,
which was largely driven by the company’s Island Gold and Mulatos properties,
cash flow from operating activities of $56.6 million and the repurchase of
1,133,561 common shares at a cost of $5.5 million, or $4.90 per share. Alamos
Gold President and CEO John A. McCluskey said:
“Despite
the temporary challenges with COVID-19, Alamos remains well positioned for a
strong second half of the year. We expect to start ramping up operations at
Island Gold in a safe manner in early May and will do the same at Mulatos once
the government suspension has been lifted. We are making solid progress on the
Phase III expansion study at Island Gold and the lower mine expansion at
Young-Davidson with both expected to be completed in the middle of this year.
We expect both will be significant catalysts for the Company. Combined with a
robust balance sheet and strong free cash flow growth starting in the second
half of this year, the outlook for Alamos has never been stronger.”
The Mexican government has decreed an extension of the
suspension of all non-essential activities until May 30, 2020, but will cease
to be applicable as of May 18, 2020 in municipalities that present low or no
known cases or transmission of COVID-19. In a recent press release, Endeavor Silver Corp. (NYSE:EXK) announced that it now anticipates
reopening its mines around May 18, 2020, pursuant to the government decree. The
company’s CEO Bradford Cooke said:
“We
look forward to bringing our mines back to production in a safe and orderly
manner. Naturally, we will continue to
apply all aspects of our coronavirus plan to maintain the health of our people
and the local communities.”
Minera Alamos Inc. (TSXV:MAI) has reported additional drill results from its
Phase 2 drill program at the Santana gold project, Sonora, Mexico. Highlights
include Hole S19-132, which intersected 143.7 m of 0.50 g/t gold, and Hole S20-134,
which intersected 247.9 m of 0.60 g/t gold ending in mineralization. Darren
Koningen, CEO of Minera Alamos, explained:
"This
initial phase of our ongoing drill activities at the Santana project was
intended primarily to confirm the margins of the Nicho mineralization as we
work to optimize open pit modelling for the pending start of mining operations.
Rather than closing off the limits of the deposit in this area we have
demonstrated significant potential for further expansion to the south and southwest.”
HighGold Mining Inc. (TSXV:HIGH) has announced a mineral resource estimate for the
Johnson Tract Deposit at the company's flagship Johnson Tract Gold property in
coastal Southcentral Alaska. Highlights include an indicated resource of 2.14
million tonnes grading 10.93 grams per tonne gold equivalent for 750,000 ounces
gold equivalent (AuEq), and a high-grade core of 1.25 million tonnes indicated
grading 14.54 g/t AuEq for 583,000 ounces AuEq at an 8 g/t AuEq cutoff.
HighGold President & CEO, Darwin Green, said:
"We
are extremely pleased with the resource estimate which positions the JT Deposit
among the highest-grade undeveloped gold projects in North America.”
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