Exploring Mining Podcast: News from (NYSE: NEM) (NYSE: GOLD) (NYSE: AEM) (TSXV: WGO) (TSXV: MN)
Point Roberts, WA and Delta, BC - October 24, 2019 (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 (NYSE: NEM) (NYSE: GOLD) (NYSE: AEM) (TSXV: WGO) (TSXV: MN)
"We appreciate the government's efforts to uphold the law by assuring ongoing access to and from Peñasquito while continuing to sponsor the dialogue process, should that continue to be needed. Our focus is on ensuring a safe start up of operations so our workforce can return to their jobs in an orderly manner."
Barrick Gold Corporation (NYSE:GOLD) set new mining and shaft production records in the third quarter at its Kibali Gold Mine in the Democratic Republic of Congo. Barrick president and chief executive Mark Bristow also confirmed to local media that the firm was "commissioning of a Newtrax system which would provide real-time data collection, enhance predictive maintenance, track and manage the fleet, and implement a digital safety system with personnel tracking" at the mine. He said:
"In line with our policy of local employment and advancement, we continue to transfer the specialized skills required for automated mining to our Congolese workforce. The success of this policy is evident in Kibali's consistently excellent performance and shows what can be achieved with a world-class asset in a remote and under-developed region of Africa."
Agnico Eagle Mines Limited (NYSE:AEM) has reported its third quarter 2019 results. Results include a net income of $76.7 million, or $0.32 per share for the quarter. Sean Boyd, Agnico Eagle's CEO, said:
"With record performance at several of our operations and the ongoing ramp up of our two new mines in Nunavut, we achieved record quarterly gold production in the third quarter of 2019. As expected, this strong result, combined with the completion of the extensive construction spending program in Nunavut, resulted in the generation of substantial free cash flow in the quarter. With the expectation of growing production and strong free cash flow generation, we are in a good position to continue to invest in our project pipeline, improve our financial flexibility and grow our dividend. We are pleased to announce a 40 percent increase in our quarterly dividend."
White Gold Corp. (TSXV:WGO) has announced multiple high-grade grab samples including 605.0 g/t Au, 497.0 g/t Au, 113.0 g/t Au and 78.3 g/t Au and GT Probe samples up to 17.35 g/t Au at the site of the recent Titan discovery, located near the Vertigo discovery, in Yukon, Canada. Shawn Ryan, the firm's Chief Technical Advisor, commented:
"These positive results from our early stage exploration work on the Titan are very encouraging, and display the continued proliferation of high-grade gold mineralization across our vast portfolio of properties. Our model has always been to generate a pipeline of gold targets so that as we advance our mature stage assets, we have new discoveries to bring up the development ladder."
Manganese X Energy Corp. (TSXV:MN) has received an update from Kemetco Research Inc., which is "developing a commercializable flow sheet to produce ultrahigh-purity (greater than 99.9 per cent) battery-grade manganese for the growing electric vehicle and energy storage sectors". According to the press release, "Kemetco Research has built a mini pilot plant dedicated to this project and is currently assessing various purification options to minimize impurities in the final manganese sulfate product. Test results are positive, indicating higher purity as compared to previous results". In reply, Manganese X is "very pleased with the progression of the metallurgical project and is encouraged that a commercial battery-grade MnSO4 product can potentially be produced".
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