#ExploringMining #Podcast – #Mining
#Stocks News from (NYSE: $GOLD) (TSXV: $PRG.V) (NYSE: $AEM) (NYSE: $AG) (NYSE:
$IAG)
Point Roberts WA, Delta
BC, April 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.
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Barrick Gold Corporation (NYSE:GOLD), Precipitate Gold Corp. (TSXV:PRG) (PGC), and some affiliates, entered into an earn-in agreement giving
Barrick the exclusive right to acquire a 70% interest in PGC’s Pueblo Grande
Project in the Dominican Republic. Furthermore, the two firms entered into a
subscription agreement in which Barrick agreed to acquire, and PGC has agreed
to issue to Barrick, 12,713,636 Common Shares for investment purposes.
Agnico Eagle Mines Limited (NYSE:AEM) has provided an update following an announcement
from the government of Quebec indicating that mining activities will be
permitted to resume in the province in a gradual and supervised manner
beginning on April 15, 2020. Agnico aims to resume its operations in the Abitibi
region of Quebec “in an orderly fashion while ensuring the safety of
employees.” According to the press release, Agnico “will implement health,
hygiene and physical distancing measures that meet or exceed the requirements
of the Government of Quebec, including the Quebec department of Public Health
and the Province's Committee on Standards, Equity, and Occupational Safety
(CNESST).”
First Majestic Silver Corp. (NYSE:AG) has announced first quarter 2020 production
results of 6.2 million silver equivalent ounces consisting of 3.2 million
ounces of silver and 32,202 ounces of gold. Among the highlights were the
company’s achieved consolidated average silver recoveries of 89 percent, which
is the highest in company history. Keith Neumeyer, First Majestic President and
CEO, said:
“Strong
production from our three operating mines reached 6.2 million silver equivalent
ounces in the first quarter, or 9% above our previously suspended guidance. Our
San Dimas, Santa Elena and La Encantada mines were all operating above guidance
prior to Mexico’s Federal Decree to suspend all mining activities in response
to the COVID-19 pandemic. While we support the actions being taken, we continue
to engage in discussions with Federal and State authorities to raise awareness
on the importance of silver mining as an essential business.”
IAMGOLD Corporation (NYSE:IAG) will commence the restart from care and maintenance
status at its Westwood Gold Mine in Quebec. This follows the aforementioned
announcement from the Quebec government that mining operations are now deemed
“an essential business activity.” The following excerpt from the press release
outlines the company’s commitment to safety upon restarting operations:
Ramp-up
activities will take approximately one week, with employees being trained on
new procedures and sanitary measures, including adjusted work schedules and
transport, physical distancing and protective equipment. Protecting the health
and safety of our workforce is critical for the successful resumption of mining
activities at Westwood. Accordingly, the Company is undertaking additional
measures to improve monitoring of the well-being of our workforce.
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