Wednesday, December 28, 2022

#ExploringMining #Podcast 318 - News from (NYSE: $BVN) (NYSEAmerican: $MAG) (TSX: $ELEF.TO) (TSXV: $AGD.V)


#ExploringMining #Podcast 318 - News from (NYSE: $BVN) (NYSEAmerican: $MAG) (TSX: $ELEF.TO) (TSXV: $AGD.V) 


Vancouver, Kelowna, Delta, BC, December 28, 2022, 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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Buenaventura (NYSE:BVN) has announced the resumption of operations at its Julcani and Orcopampa mines. Operations had been interrupted by “political protests throughout Peru,” which “adversely affected supply routes to mines throughout the country,” according to a press release earlier this month. There has been no damage to Buenaventura’s property or assets, and this timely restart to operations will allow the company to meet its 2022 production guidance.


MAG Silver Corp. (NYSEAmerican:MAG) has received confirmation that final testing of the downstream power distribution and control systems at its Juanicipio Project is now complete, connecting it to the national power grid. George Paspalas, the company’s President and CEO, said:


“Connection to the power grid is a long-awaited milestone for the Juanicipio Project, our stakeholders and shareholders alike, and we are thankful for the understanding and patience as the final steps to connect the plant to the national power grid were concluded. We now turn to working with Fresnillo to maximize value generation from Juanicipio as we head into ramp-up and full-scale operations with Juanicipio graduating into a Tier-1 silver producer.”


Silver Elephant Mining Corp. (TSX:ELEF) has announced the sale of 3,166 tonnes of Ulaan Ovoo coal to China – earning it has received $73,000 USD, and that “a further batch of 3,000 tonnes of Ulaan Ovoo coal are being loaded on rail to travel south to China.” The company’s CEO, John Lee, said:


"The Company is at a historical moment as we have achieved our highest sales price and have delivered a full train load of Ulaan Ovoo coal to Erlian, China. For 2023, our goal is to secure international contracts of between 200,000 to 500,000 tonnes, matching Ulaan Ovoo mine production volume target."


Antioquia Gold Inc. (TSXV:AGD) has published a summary of its financial results for the third quarter ended September 30, 2022. Highlights include a revenue of of $22.37 million CAD in Q3 – compared to $27.55 million in the same period of 2021, the production of 11,254 ounces of gold – compared to 11,281 ounces for the third quarter of 2021, and a net loss of $2.5 million in the quarter – compared to an income of $3 million in Q3 2021. The press release cites a relative decline in gold prices as contributing to its Q3 results.


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