#ExploringMining #Podcast 270 - News from (NasdaqGS: $SSRM) (NYSE: $SAND) (NYSE: $NSR) (NYSEAmerican: $NGD) (TSXV: $FIND.V)
Vancouver, Kelowna, Delta, BC, May 3, 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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SSR Mining Inc. (NasdaqGS:SSRM) has reported the consolidated financial results for its first quarter ended March 31, 2022. Highlights include the production of 173,675 gold equivalent ounces and a 14 percent increase in gold mineral reserves to 9.2 million ounces. The company’s President and CEO, Rod Antal, said:
"The first quarter of 2022 continued SSR Mining's proud track record of operational outperformance, as we delivered gold equivalent production of 173,675 ounces at AISC of $1,093/oz, positioning the Company well against full year guidance. In particular, we reported record quarterly production of 52,582 ounces at Seabee as we accessed a continuation of a high-grade zone outside of the Mineral Reserve that was first mined in the second quarter of 2021.
Sandstorm Gold Ltd. (NYSE:SAND) has announced the growth of its portfolio of assets through the acquisition of all of the issued and outstanding common shares of Nomad Royalty Company Ltd. (NYSE:NSR), as well as nine royalties and one stream from BaseCore Metals LP. Sandstorm’s President and CEO Nolan Watson explained:
"These Transactions mark the next step in the strategic growth plans for Sandstorm. Today's announcement propels the Company forward in both size and scale while solidifying Sandstorm's position amongst its peers as the highest-growth streaming and royalty company. We believe that precious metals and copper are poised to materially outperform the market in the coming years, and we are excited to provide investors with exposure to long-life, high quality, and low-cost assets focused on gold, silver and copper."
New Gold Inc. (NYSEAmerican:NGD) has reported its first quarter results as of March 31, 2022. Highlights include the production of 68,101 ounces of gold, 8.2 million pounds of copper and 109,511 ounces of silver. Renaud Adams, the company’s President & CEO, said:
"The first quarter saw New Gold continue to advance our objectives with a focus on delivering on our 2022 plan and securing and extending the Company's longer-term future. We delivered solid total gold production at Rainy River, despite an increase in COVID-19 cases and during a quarter in which capitalized waste stripping was prioritized. While we faced the inflationary challenges experienced across the industry, our teams remained disciplined with their objectives and with the benefit of a weaker Canadian dollar, delivered strong operating cash flow in the first quarter.”
Baselode Energy Corp. (TSXV:FIND) has shared an update on the ongoing 20,000 metre diamond drilling program on the ACKIO high-grade uranium discovery. James Sykes, CEO, President and Director of Baselode, said:
"The radioactivity levels have been getting stronger and shallower as we've continued exploring to the southeast since the beginning of the drill program. Each new 50 m section that we drill to the southeast continues to surpass the results from the previous section.”
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