#ExploringMining #Podcast – #Mining News from (NYSE: $AEM) (NYSE: $FSM) (NYSE AMERICAN: $GORO) (TSXV: $AGG.V) (TSXV: $AZR.V)
Point Roberts WA, Delta BC, October 8, 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.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2019/exploring-mining/10081AEM-FSM-GORO-AGG-AZR.asp
Agnico Eagle Mines Limited (NYSE:AEM) has achieved commercial production at the firm’s Amaruq satellite deposit at the Meadowbank Complex on September 30, 2019. Agnico CEO Sean Boyd said:
"Congratulations to all of our employees at Amaruq for achieving commercial production in line with the original schedule despite ongoing challenges related to dewatering and adverse weather conditions in the second and third quarters of 2019. We would also like to thank the various government agencies and the local communities for their continued support in Nunavut. With the start of production at both Amaruq and Meliadine in 2019, the Company is well positioned to deliver on its goal of generating net free cash flow in the second half of this year. This is expected to allow us to reduce net debt and potentially increase the dividend while continuing to steadily grow our business.”
Fortuna Silver Mines Inc. (NYSE:FSM) has announced the full exercise and closing of the over-allotment option granted to the underwriters – CIBC Capital Markets, Scotiabank and BMO Capital Markets. Fortuna issued and sold the underwriters an additional $6 million USD aggregate principal amount of 4.65% senior subordinated unsecured convertible debentures pursuant to the exercise of the over-allotment option, in connection with the company’s bought deal offering that closed on October 2, 2019, for an aggregate principal amount of US$40 million 4.65% senior subordinated unsecured convertible debentures.
Gold Resource Corporation (NYSE AMERICAN:GORO) has reached commercial production levels at its Isabella Pearl gold mine, located in Mineral County, Nevada. Gold production at the site has been increasing since April 2019, when the first dore bar was produced. According to the press release, currently “2,000 ounces of monthly gold production at Isabella Pearl is expected to continue generating positive cash flow by covering operational costs at the project assuming a gold price of $1,450 per ounce”. Jason Reid, CEO and President of Gold Resource Corporation, commented:
“I am very pleased to report the Isabella Pearl mine, which broke ground and produced first dore in just ten months, has reached commercial production levels just sixteen months after breaking ground on the project in June 2018. Our team has worked extremely hard these past few months navigating the challenges of mine commissioning, managing construction contractor difficulties and the typical production ramp up of a new mine. I am very excited that during the month of September the Isabella Pearl mine moved into a phase where mining and processing rates and ore placement are now expected to generate positive cash flow on a consistent basis. This is a milestone for any mining project and should have a significant impact on the Company’s overall revenues and net income moving forward.”
African Gold Group, Inc. (TSXV:AGG) has reported the results of the company’s election of directors and an extension on its private placement. The election resulted in the nominees listed in the management proxy circular dated September 10, 2019 being re-elected as directors. Additionally, the company has received an extension from the TSX Venture Exchange with respect to the duration of its previously announced private placement to November 6, 2019.
Azarga Metals Corp. (TSXV:AZR) has completed a geophysical survey on its Unkur Copper-Silver Project in Eastern Russia, allowing a drilling program to start. An excerpt from the press release outlines the progress:
“…a geophysical contractor has now completed both a ground magnetic survey and nine induced polarization (IP) traverses, totaling 28-line kilometers at Unkur. Magnetic survey data already existed over the northwest part (representing about 20%) of the Unkur property - where all of the previous drilling and all of the current resources are located.”
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change , Exploring Mining, the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Contact Investorideas.com to be a guest or sponsor this podcast
800-665-0411
No comments:
Post a Comment