#ExploringMining #Podcast - News from #Mining #Stocks (NYSEAmerican: $ASM) (NYSEAmerican: $GROY) (CSE: $LIFT.C) (CSE: $AUOZ.C)
Vancouver, Kelowna, Delta, BC, March 29, 2023 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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Avino Silver & Gold Mines Ltd. (NYSEAmerican:ASM) has released its consolidated financial results for its fourth quarter and year end 2022. Some highlights includes quarterly revenues of $14.6 million with a net income of $1.3 million, and revenues of $44.2 million with a net income of $3.1 million for the full year. David Wolfin, President and CEO, said:
“We are focused on our clear path to transformation growth, with a collective effort of initiative, resilience, and once again strong cost management both corporately and at the mine site. We remain well-positioned to manage through any near-term pressures arising from an overall economic slowdown and focused on delivering the best performance to our shareholders and stakeholders, while executing on our growth plan to become an intermediate producer in Mexico."
Gold Royalty Corp. (NYSEAmerican:GROY) has announced the filing of its operating and financial results for the three months ended December 31, 2022. Highlights for the quarter include total revenue and option proceeds of $1.1 million, and $35 million in available liquidity at the period’s end. David Garofalo, Chairman and CEO of Gold Royalty, said:
"Gold Royalty's portfolio of long-life, high-quality assets saw several significant advancements in the first quarter of 2023. The organic growth within our portfolio is coming to fruition, fueling increased revenue and cash flow as key development stage royalties enter production over the coming years.”
Li-FT Power Ltd. (CSE:LIFT) has commenced the first diamond drill program at the Rupert Lithium Project in the James Bay region of Quebec, Canada. According to the press release, the company plans to drill 17 holes for 5,000 meters of diamond drilling that will test targets generated by the 2021 and 2022 exploration programs. Li-FT’s CEO, Francis MacDonald, said:
“Our first drill program will target two robust lithium anomalies at Target A and B in the right geological setting proximal to a large granite intrusion. These anomalies are large enough to represent a significant spodumene occurrence in one of the most exciting lithium pegmatite districts on the planet.”
Emperor Metals Inc. (CSE:AUOZ) has received the relevant permitting from the Ministry of Forests in Canada’s province of Quebec, for the initial 12 drill pads for its fully funded 8,000-10,000 meter drilling program at the Duquesne West high-grade gold project in the Duparquet Mining District in Quebec. John Florek, the company’s CEO, said:
"This permit allows us to solidify our upcoming drilling plans with our contractors and set commencement dates. We are excited to begin the process of resource expansion on this high grade gold deposit. The new A.I. Model illuminated the blue-sky potential for exploration targets; drilling along the margins of a high-grade gold deposit significantly reduces the risk for our exploration program to add to our ounces."
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