#ExploringMining #Podcast 267 - News from (NYSE: $RIO) (NYSE: $AA) (TSXV: $WGO.V) (CSE: $NCLR.C)
Vancouver, Kelowna, Delta, BC, April 21, 2022 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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Rio Tinto Group (NYSE:RIO) has announced its first quarter 2022 production results. Highlights include the production of 71.7 metric tons of Pilbara iron ore, 13.6 metric tons of bauxite, and 736 kilotons of aluminum. The company’s CEO, Jakob Stausholm, said:
"We made notable progress during the quarter with the commencement of underground mining at Oyu Tolgoi following a comprehensive agreement reached with the Government of Mongolia, completed the acquisition of the Rincon lithium project in Argentina, and signed a framework agreement at the Simandou iron ore project in Guinea. These projects are all aligned with our strategy of growing in materials essential to a decarbonising world.”
Alcoa Corporation (NYSE:AA) has reported its first quarter 2022 financial results. Highlights include revenues of $3.29 billion, an adjusted sequential net income increase to $577 million, and a cash balance of $1.6 billion to finish the quarter. The company’s President and CEO, Roy Harvey, said:
"We had an excellent start to the year with record profitability in the first quarter, including quarterly EBITDA that surpassed $1 billion for the first time in our history. We also further strengthened our portfolio, provided capital returns to our investors, and captured the benefits of strengthened aluminum pricing.
In volatile markets influenced by world events, we have effectively managed our supply chain and maintained stability across our operations. We remain focused on the future through the pursuit of our strategic priorities and the development of our breakthrough technologies."
White Gold Corp. (TSXV:WGO) has reported the identification of significant copper, gold, and other multi-element soil anomalies on its Hayes and Pilot properties. The company’s CEO, David D’Onofrio, explained:
“All of the significant grass roots discoveries in the White Gold District were initially identified through soil sampling. The discovery of these and other soil anomalies through our regional exploration program continues to highlight the prospectivity of this underexplored district. We are encouraged by these results, especially with respect to their proximity to other significant deposits and new discoveries and are eager to follow up.”
Basin Uranium Corp. (CSE:NCLR) has started the spring 2022 diamond drilling program at its Mann Lake uranium project in the Athabasca Basin of Saskatchewan, Canada. Mike Blady, CEO of Basin Uranium, said:
"I am happy to report that the drill is turning and we are now coring at Mann Lake. Since acquiring the project from Skyharbour Resources in late 2021, the Basin team has made great strides in consulting, permitting, planning, and now drilling in a very short period of time. Our focus now is on executing our exploration plans for 2022 in a responsible, safe and timely manner."
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