#ExploringMining #Podcast Episode 191 – #Mining #Stocks News from (NYSE: $HL) (NYSE: $IAG) (TSXV: $WGO.V) (TSXV: $PER.V)
Point Roberts WA, Delta BC, August 5, 2021 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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Hecla Mining Company (NYSE:HL) has reported its second quarter 2021 financial and operating results. Highlights include sales of $218 million, gross profit of $59.3 million, silver production of 3.5 million ounces, and gold production of 59,139 ounces. Phillips S. Baker, Jr., Hecla's President and CEO, commented:
"Despite the continuing pandemic, Hecla had near record results across a number of metrics improving on the consistent performance of the past two years. We generated over $54 million of free cash flow due to a combination of lower treatment charges, increasing throughput and recoveries, and higher prices. Our American silver mines produce more than 40% of all the silver mined in the United States and with silver being important for the transformation to renewable energy, electric vehicles and 5G, Hecla's growing silver production and low costs make it well-positioned for even better results in the future."
IAMGOLD Corporation (NYSE:IAG) has reported its consolidated financial and operating results for the second quarter ended June 30, 2021. The company posted a revenue of $265.6 million in the quarter, down from $297.4 million in the first quarter this year. IAMGOLD President and CEO, Gordon Stothart, explained:
"The second quarter of 2021 was challenging primarily because production from our Rosebel mine was unexpectedly adversely affected by unusually heavy rains and an increase in COVID-19 cases in Suriname, in addition to difficult industrial relations.”
White Gold Corp. (TSXV:WGO) has provided an update on the recently initiated 2021 exploration program on its district scale 420,000 hectare land package. Terry Brace, the company’s Vice President of Exploration, explained:
“We are anticipating an exciting season in 2021 with our field programs well underway. We have diamond drilling programs planned on several projects, including the Ryan’s Surprise where we encountered multiple high-grade gold intercepts last year, as well as targets on the Betty and Nolan properties, which will be the first-ever diamond drilling on those properties. Rotary air blast drilling is also planned on several high priority targets on the White Gold and Bonanza properties. The work programs are progressing well, with further detail and updates to be reported in due course.”
Peruvian Metals Corp. (TSXV:PER) has announced the achievement of a monthly mineral processing record at its 80 percent-owned fully permitted Aguila Norte Processing Plant in Peru. In July, the company processed 2,840 metric tonnes of material, an increase over the previous monthly record of 2,771 tonnes from May 2019. Jeffrey Reeder, CEO of Peruvian Metals, said:
"The Company's Aguila Norte processing facility is achieving consistent throughput for 2021. Our clients are pleased with the quality concentrates being produced. The Company is continuing discussions with small miners to process and/or purchase batches of mineral and is reviewing new opportunities and sources of mineral.”
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