#ExploringMining #Podcast Episode 88 – #Mining #Stocks News from (NYSE: $RIO) (NYSE: $AGI) (NYSE: $CCJ) (NYSE: $CDE)
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2020/073020-Mining.mp3
Read this in full at https://www.investorideas.com/news/2020/exploring-mining/07301RIO-AGI-CCJ-CDE.asp
Listen to Exploring Mining podcast on iTunes Apple podcasts
Listen to Exploring Mining on Spotify
Rio Tinto Group (NYSE:RIO) has approved an additional investment of almost $200 million to progress the next stage of the development, including a feasibility study, of the lithium-borate Jadar project in Serbia. The company’s Energy & Minerals Chief Executive Bold Baatar explained:
"Rio Tinto’s lithium project pipeline is an important part of our vision to pursue opportunities which are part of the transition to a low-carbon future. We look forward to working closely with the Government of Serbia over the next eighteen months as we develop and validate our understanding of the project to the point when we can seek a final investment decision by the Board of Rio Tinto."
Alamos Gold Inc. (NYSE:AGI) has reported its second quarter 2020 financial results. Highlights include the production of 78,400 ounces of gold, and the selling of 74,605 ounces of gold at an average realized price of $1,692 per ounce for revenues of $126.2 million. John A. McCluskey, the company’s President and CEO, said:
The second quarter of 2020 will be remembered as one of the most challenging times in our history given the COVID-19 pandemic. We started the quarter with two of our operations being temporarily suspended, but we adapted well and by June both Island Gold and Mulatos had safely returned to normal operating levels.
At the same time we made good progress on several catalysts that form key parts of what is a transformational year for Alamos. These include the completion of the lower mine expansion at Young-Davidson earlier this month, the announcement of a Phase III expansion of Island Gold, and a construction decision on the La Yaqui Grande project. These have greatly enhanced the long-term outlook for each of our operating mines. We look forward to creating additional value for our stakeholders in the second half of 2020 with higher production and lower costs expected to drive strong free cash flow growth
Cameco Corporation (NYSE:CCJ) has reported its consolidated financial and operating results for the second quarter ended June 30, 2020. According to the press release, the company endured a net loss of $53 million with an adjusted net loss of $65 million, which was “impacted by increasing uranium prices, increased purchase activity and additional care and maintenance costs of $37 million,” resulting from its decision to “suspend production at the Cigar Lake mine, Blind River refinery and Port Hope UF6 conversion plant in response to the COVID-19 pandemic.” Tim Gitzel, Cameco’s president and CEO, said:
“We expect our business to be resilient. Our customers continue to need uranium fuel to power the carbon-free nuclear electricity that will be part of the critical infrastructure needed to ensure hospitals, care facilities and other essential services are available during this pandemic.”
Coeur Mining, Inc. (NYSE:CDE) has reported its second quarter 2020 financial results. Some highlights include revenue of $154.2 million, cash flow from operating activities of $9.9 million and GAAP net loss from continuing operations of $1.2 million, or $0.01 per share. Looking forward, the company’s President and CEO, Mitchell J. Krebs, said:
"With multiple key catalysts in the coming quarters, we plan to proactively update investors on our capital allocation decisions and their expected impact on the Company’s growth, costs and cash flow. We plan to publish an exploration update in August given the size and importance of our investment in exploration in 2020. We also intend to deliver the results of Rochester’s updated technical report in the fourth quarter that will detail the updated economics of this important expansion project."
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:
https://www.investorideas.com/Audio/
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
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Join our Investor Club https://www.investorideas.com/membership/
Contact Investorideas.com to be a guest or sponsor this podcast
800-665-0411
No comments:
Post a Comment