Exploring Mining Podcast: News from (TSXV: JG) (NYSE: GOLD) (NYSE: AG) (NYSE: EXK) (TSXV: CUC) (TSXV: ANTL)
Point Roberts, WA and Delta, BC - February 25, 2020 (Investorideas.com Newswire) 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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Exploring #Mining #Podcast: News from (TSXV: JG) (NYSE: GOLD) (NYSE: AG) (NYSE: EXK) (TSXV: CUC) (TSXV: ANTL)
Japan Gold Corp. (TSXV:JG) has formed a country-wide alliance with Barrick Gold Corporation (NYSE:GOLD) "to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan." Japan Gold's Chairman and CEO John Proust commented:
"Japan Gold is delighted to welcome Barrick Gold to Japan. As Barrick is one of the pre-eminent gold producers in the world we look forward to a very positive partnership. Every great new frontier starts with geology. Japan is an ideal, underexplored, setting to make new large low sulphidation epithermal gold discoveries, building on the great success of the Sumitomo Metal Mining Co. Ltd.'s Hishikari Gold Mine. Barrick's global experience of operating 15 mines on 4 continents combined with Japan Gold's in country knowledge and operational expertise make an ideal partnership to advance the gold mining industry in Japan."
In addition, Japan Gold Corp. announced the acquisition of six new projects in the Southern Kyushu Gold Province. At press time, Japan Gold stock is up 2.86 percent and that's against the price of gold being down about 1.4 percent presently.
First Majestic Silver Corp. (NYSE:AG) has announced the results from its 2019 exploration program at the Ermitaño project in Sonora, Mexico. According to the press release, the program "totalled 33,767 metres in 103 drill holes." Keith Neumeyer, President and CEO of First Majestic, explained:
"Today's exploration results bring us another step closer to ensuring a longer mine life for Santa Elena. Not only has this program increased our confidence in the resource but we also encountered significant intercepts of high-grade gold which we expect will improve the overall grade of the resource. Next month we plan to announce an updated resource estimate for the Ermitaño project which will include these high-grade drill results."
First Majestic stock is down about 1.3 percent at press time, though this may have been influenced by the prices of gold and silver, which are down 1.4 percent and 3 percent, respectively.
Endeavour Silver Corp. (NYSE:EXK) has reported its financial results for the fourth quarter and year ended December 31, 2019. Highlights include "Q4 revenue of $34.6 million and full year revenue of $121.7 million," but "Q4 net loss of $17.9 million ($0.13 per share) and full year net loss of $48.1 million ($0.36 per share)," the latter of which being due to "higher operating costs, increased general administrative and exploration costs and significant depreciation and depletion due to short mine lives.' Bradford Cooke, Endeavour CEO, explained:
"The Company's financial performance last year was negatively impacted by significant operating issues and higher costs at each of our mines. We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production rising and costs falling, led by Guanacevi. Endeavour expects higher production and lower costs at each of its three mines in 2020."
Carube Copper Corp. (TSXV:CUC) has announced the finalization of its acquisition of Latin America Resource Group (LARG). The latter's key asset is the Jasperoide Copper-Gold Project in Peru, which "hosts a number of copper-gold skarn and porphyry targets at various stages of exploration, with drilling by previous explorers intersecting intervals of copper-gold mineralisation." Stephen Hughes, CEO of Carube, commented:
"As a result of a disciplined and rigorous acquisition strategy over the past 18 months, Carube has successfully completed this Company transforming transaction with LARG. With an experienced management team and a proven track record of building successful mining companies, we can now focus on creating significant value for our shareholders. The initial exploration program we have designed for Jasperoide aims to fast track the project to resource delineation drilling stage and will produce strong news flow throughout 2020. Carube is also continuing to advance and commercialise value at its high-quality pipeline of advanced-stage and drill ready gold-copper projects in Jamaica and Canada."
Antler Gold Inc. (TSXV:ANTL) has entered into an agreement to acquire 100% of a gold exploration license in Namibia. According to the press release, the license "measures 159.12 square kilometers and is located within the Erongo region of central Namibia near the towns of Usakos, Karibib and Omaruru," and also near several historical mines.
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