Exploring Mining Podcast Episode 135: News from (NYSE: RIO) (NYSE: GOLD) (NYSEAmerican: NG) (NYSE: AG) (TSXV: EQTY)
Point Roberts, WA and Delta, BC - January 20, 2021 (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 #135: News from (NYSE: RIO) (NYSE: GOLD) (NYSEAmerican: NG) (NYSE: AG) (TSXV: EQTY)
Rio Tinto Group (NYSE:RIO) has reported its fourth quarter production results, which boasted highlights such as bauxite production of 56.1 million tonnes and aluminium production of 3.2 million tonnes. Jakob Stausholm, the company's CEO, said:
"Safe and well-run operations, together with world-class assets and a strong balance sheet, leave Rio Tinto well placed to generate superior returns for shareholders, invest in sustaining and growing our portfolio, while continuing to pay taxes and royalties in our host communities and make a broader contribution to society, including employment and procurement."
Donlin Gold LLC, which is 50 percent-owned by Barrick Gold Corporation (NYSE:GOLD), and 50 percent-pwned by NovaGold Resources Inc. (NYSEAmerican:NG), has reported its Q4 drilling program assay results. Results for 67 holes have been received to date, demonstrating "higher drilled grade-thickness than predicted by previous modelling," according to the press release. Mark Bristow, President and CEO of Barrick Gold, said:
"Assay results received to date are encouraging and support the drill program to better understand the Donlin Gold orebody and de-risk the project development. The ongoing modelling work and planned 2021 follow-up drilling program could further enhance the project parameters. Well done to the Donlin team for delivering a safe and Covid-free year."
First Majestic Silver Corp. (NYSE:AG) has announced its fourth quarter and full year 2020 production results. Highlights include total production of 5.5 million silver equivalent ounces, up 5 percent from the previous quarter, silver production of 3.5 million ounces, up 9 percent from the previous quarter, and gold production of 26,343 ounces, up 2 percent over the previous quarter. Keith Neumeyer, President & CEO of First Majestic, said:
"In 2021, we expect an increase of up to 20% in consolidated silver production across the three operating mines. In addition, our investment in underground development at the Ermitaño project near Santa Elena will kick into high gear in order to prepare the area for production ramp up in early 2022. Along with a few other projects currently being advanced, we now have a clear path to achieving our goal of producing 30 million silver equivalent ounces by 2023."
Equity Metals Corporation (TSXV:EQTY) has reported high-grade gold intercepts from the No. 3 Vein on its Silver Queen property in British Columbia Canada. These intercepts include: a 0.7 metre down-hole interval averaging 23.8g/t Au, 8g/t Ag and 0.5% Zn, a 0.6m down-hole interval grading 13.3g/t Au, 800g/t Ag, 4% Pb and 11.4% Zn, and a 0.6 metre down-hole interval grading 12.9g/t Au, 352g/t Ag and 2.4% Zn.
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