#ExploringMining #Podcast 194 – #Mining #Stocks News from (TSXV: $OTGO.V) (NYSE: $AG) (TSXV: $UGD.V) (CSE: $NSG.C) (TSXV: $FRE.V)
Point Roberts WA, Delta BC, August 17, 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. Today’s podcast was sponsored by O2Gold Inc.
(TSXV:OTGO) , a mineral exploration company with activities in Colombia.
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First Majestic Silver Corp. (NYSE:AG) has reported its financial results for the second quarter ended June 30, 2021. Highlights include a new company record of $154.1 million in revenue, and mine operating earnings of $29.4 million, up from the $28.1 million recorded in Q1, 2021. First Majestic’s President and CEO, Keith Neumeyer, said:
"Improved production rates and higher metal prices during the quarter generated record revenues for the business. As a result of the higher revenues, our quarterly dividend increased by approximately 33% when compared to the prior quarterly payment. The mining units generated $29.4 million in mine operating earnings due to strong production and higher realized metal prices. At Jerritt Canyon, operational improvements are being achieved although AISC are expected to be higher than normal in the third quarter due to a $12.3 million lift on the tailing impoundment that is currently being constructed. Once completed, costs at Jerritt Canyon are expected to return to normal levels."
Unigold Inc. (TSXV:UGD) has revealed its latest drill results from exploration drilling at its 100 percent-owned Neita concession in the Dominican Republic. The company’s Chairman and CEO, Joe Hamilton, explained:
“This drilling demonstrates that high-grade mineralization extends beyond the envelope that defines the most recent Mineral Resource Estimate. Previous exploration efforts in this area intersected lithologies that suggested we are getting closer to a volcanic vent. Although the previous drilling failed to find high-grade mineralization, it increased our understanding of the structure in this area and led directly to this new discovery. Our increased understanding of the structure opens up approximately 1000 metres of potential strike extension to the west. There is minimal historic drilling through this gap, and we believe these latest holes suggest that we have the possibility to increase the mineral resource at Candelones to the west through further drilling.”
Northstar Gold Corp. (CSE:NSG) has started a surface exploration program at the Miller Gold Property, involving prospecting, mechanical stripping, geological mapping and channel sampling of selected areas. Some areas of particular focus, according to the press release, include those “where visible gold and gold tellurides have been observed either on or near-surface in recent high-grade gold-telluride diamond drill hole intercepts within the Allied Syenite Gold Zone.”
Fremont Gold Ltd. (TSXV:FRE) has provided an exploration update for its Cobb Creek project in Elko County Nevada. Highlights include the staking of an additional 89 federal lode claims on the northern and eastern sides of the project, thereby increasing the size of the property area by roughly 30 percent. According to the press release, the Cobb Creek project “occurs at the northern end of the Independence trend, one of the most important gold belts in northern Nevada and contains a non-N43-101 compliant, historic resource of 160,000 ounces gold.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otú Fault project, with senior management based in nearby Medellín. The team’s deep roots and experience in Latin America—in both capital markets and mining—gives it the regional knowledge and operational expertise to create a world-class project.
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