Exploring Mining Podcast – News from (TSX: $MQR.TO) (NYSE: $AUY) (NYSE: $AGI) (NYSE: $AG) (TSX: $FF.TO) (TSXV: $JG.V) (TSXV: $IO.V)
Point Roberts WA, Delta BC, June 11, 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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Monarch Gold Corporation (TSX:MQR) has announced the closing of a $5,419,800 private placement with Yamana Gold Inc. (NYSE:AUY), Alamos Gold Inc. (NYSE:AGI), and other investors. Jean-Marc Lacoste, President and CEO of Monarch, commented:
"This strategic investment by a mining company of Yamana's calibre is tangible proof that we are on the right track. I would like to thank them for their confidence and their future contribution to our Board of Directors. The steps we have taken to advance our flagship Wasamac project continue to attract a great deal of interest from the mining and financial community and it is only a matter of time before we are fully appreciated. With this financing, our overall financial position now stands at more than $25 million , which will allow us to move more quickly to develop Wasamac, Beaufor and McKenzie Break, gold projects at various stages of development that each have excellent upside potential."
First Majestic Silver Corp. (NYSE:AG) has agreed to acquire a stream on 50 percent of payable silver produced from the Springpole Gold Project in Ontario, Canada from Gold Canyon Resources Inc., a wholly-owned subsidiary of First Mining Gold Corp. (TSX:FF) For this, First Majestic will pay $22.5 million in cash and shares, over three payments, and ongoing cash payments of 33 percent of the silver spot price per ounce, to a maximum of $7.50 per ounce, for all payable silver delivered by Springpole. Keith Neumeyer, President and CEO of First Majestic, explained:
"This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs. With approximately 22 million ounces of silver expected to be produced over the life of the project, and additional exploration upside, Springpole has both the scale and location to make this an ideal investment for our long-term portfolio. In addition, this silver stream marks our first investment outside of Mexico in the Company’s 18-year history.”
Japan Gold Corp. (TSXV:JG) has announced encouraging results from its geochemical and geophysical surveys at the Ohra-Takamine Gold Project in southern Kyushu, including the defining of five new anomalous exploration targets. Company Chairman and CEO John Proust said:
"The definition of these new exploration targets, revealing both strike extensions to the known mines, and new parallel zones, is highly encouraging and validates our exploration methodology. These results further support our CSAMT defined geophysical targets. We will now rank all targets and advance the first phase of our scout drilling program.”
Inca One Gold Corp. (TSXV:IO) has provided an update on the accelerated restart of small scale mining in Peru, helping to kickstart the Peruvian mining sector. Edward Kelly, President and CEO of Inca One, said:
"We are hopeful for a swift return to normalized and socially responsible operations. Although the reopening will still face challenges in this new COVID-19 environment, we have deployed our ore buying teams across the country to purchase stockpiled gold bearing material for shipment to our plants as the country opens up industrial activity region by region."
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