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Exploring Mining Podcast Episode 144 - News from (TSXV: AUN) (OTC: AUNFF) (NYSE: NEM) (TSX: LN) (TSXV: APN)

 

Point Roberts, WA and Delta, BC - February 19, 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 Episode 144 - News from (TSXV: AUN) (OTC: AUNFF) (NYSE: NEM) (TSX: LN) (TSXV: APN)

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Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has provided a construction update for its Revenue Virginius Mine, (RV Mine) near Ouray, Colorado. Surface Facilities upgrades reported include the completion of the rail-yard building construction to provide storage of ore car train sets and material storage, as well as the pouring of foundations for the reagent building and miners dry room, which is now awaiting structural steel erection. According to the press release, "all major pieces of equipment have been ordered and are either on-site or in transit."

Newmont Corporation (NYSE:NEM) has reported its full year and fourth quarter 2020 results. Highlights include the production of 5.9 million attributable ounces of gold and over 1 million attributable gold equivalent ounces of co-products, and the generation of a record $4.9 billion of cash from continuing operations and $3.6 billion of Free Cash Flow. Tom Palmer, Newmont's President and CEO, said:

"In 2020, Newmont achieved record performance including $3.6 billion of free cash flow and ending the year with over $5.5 billion of consolidated cash. These results enable Newmont to lead the industry in shareholder returns, invest in organic growth and maintain financial flexibility. While generating record value for shareholders, we also achieved record safety performance with the lowest injury rate in Company history. As we complete our 100th year, we will remain focused on delivering superior operational performance whilst creating value and improving lives through sustainable, responsible mining."

Loncor Resources Inc. (TSX:LN) has announced further significant assay results from its drilling program at its 84.68 percent-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. Highlights include hole LADD007, the deepest borehole drilled to date at the flagship Adumbi deposit, intersected 55.43 metres grading 2.76 g/t gold (including 12.45 metres grading 8.11 g/t Au). The company's President, Peter Cowley, said:

"We continue to be encouraged by the results at Adumbi. Results from all five boreholes of our current drilling program have intersected significant widths and grades and will increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi."

Altiplano Metals Inc. (TSXV:APN) has provided an update of the civil works and site preparation progress at its copper-gold-iron processing plant at El Peñón, near La Serena, Chile. The company's CEO, Alastair McIntyre, said:

"I am pleased to report that the work at the APN El Peñón Processing Plant is progressing well. We have completed most of the required civil work in preparation for the next phase of assembling the plant. We anticipate this phase will begin shortly pending final permitting approval. I am also pleased to report that the Company has purchased a new magnetic separator and tailings dewatering circuit designed to increase productivity and minimize our environmental footprint. This circuit will convert 45% of the tailings into high value saleable iron with the recovery of approximately 1,850 tonnes/month of 61.5% Fe2O3 through a magnetic separation process. In addition, the dewatering circuit will reduce our freshwater consumption by 75% further improving efficiencies."

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