#ExploringMining #Podcast Episode 82 – #Mining #Stocks News from (NYSE: $RIO) (NYSE: $SA) (NYSE American: $GORO) (TSX: $STGO.TO)
Point Roberts WA, Delta BC, July 9, 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.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2020/exploring-mining/07091RIO-SA-GORO-STGO.asp
Rio Tinto Group (NYSE:RIO) plans to wind down operations and eventually close its New Zealand Aluminium Smelters (NZAS) over the next 14 months following a strategic review that showed that “the business is no longer viable given high energy costs.” Alf Barrios, the CEO of Rio Tinto Aluminium, said:
"It is not a decision we have made lightly and without significant careful consideration. It is very unfortunate we could not find a solution with our partners to secure a power price reduction aimed at making NZAS a financially viable business. We will therefore terminate the power contract and move to close the operation.”
Seabridge Gold Inc. (NYSE:SA) has begun geotechnical drilling along the route of the Mitchell Treaty Tunnels (MTT), considered a “key infrastructure component of its 100%-owned KSM gold-copper project in north western British Columbia, Canada.” The company is set to drill 4,000 meters in 10 holes this year. Rudi Fronk, the Chairman and CEO of Seabridge, explained:
"Our permit allows us to drill 40 holes, but we have limited this summer's program to only one drill rig and 10 holes to reduce the load on our camp facilities and protect our employees and contractors. We will be following a very detailed protocol to minimize risks to our workers and local Indigenous groups."
Gold Resource Corporation (NYSE American:GORO) has revealed its Q2 2020 production results from the Tucano mine in Brazil, and Topia and the Guanajuato Mine Complex (GMC) in Mexico, its three 100 percent-owned mines. The quarterly production reached 38,540 gold equivalent ounces and boasted record monthly production in June at Tucano. Company CEO Rob Henderson commented:
"In Brazil , Tucano outperformed this quarter despite the challenges of COVID-19, and in Mexico, Topia and GMC have returned to stable production following the lifting of government mandated restrictions on mining. I would like to thank our teams for delivering these strong results while prioritizing the safety and health of our people and communities and adjusting to these unprecedented times."
Steppe Gold Ltd. (TSX:STGO) has announced a $15 million CAD strategic investment from Eric Sprott. According to the press release, Steppe Gold will use the proceeds of this private placement to “advance their exploration and development projects as well as for working capital and general corporate purposes.” Matthew Wood, Executive Chairman of Steppe Gold, said:
"On behalf of the Board and the Management of Steppe Gold, I am delighted to welcome Mr. Sprott's initial investment. His support serves as a strong endorsement for Steppe Gold's exciting gold assets."
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. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.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