Exploring Mining Podcast: News from (NYSE: NEM) (HKSE: 2899) (TSX: CNL) (NYSE: GOLD) (ASX: SAR) (NYSE: AXU) (NYSE: AKG)
Point Roberts, WA and Delta, BC - December 3, 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) (HKSE: 2899) (TSX: CNL) (NYSE: GOLD) (ASX: SAR) (NYSE: AXU) (NYSE: AKG)
Newmont Goldcorp Corporation (NYSE:NEM) has entered into a contractual arrangement to support Zijin Mining Group’s (HKSE:2899) bid to acquire Continental Gold Inc. (TSX:CNL) by selling its 19.9 percent equity stake and its convertible bond for $260 million. Tom Palmer, Newmont CEO and president, commented:
“Newmont technical teams identified the potential of the deposit and have supported Continental as it advanced Buritica toward production. While we have valued our partnership with Continental, this is an appropriate time to sell into a strong bid and remain focused on operating our world-class portfolio of assets, optimizing our leading project pipeline and investing in growing Reserves and Resources.”
Barrick Gold Corporation (NYSE:GOLD) has completed the divestiture of its 50 percent interest in Kalgoorlie Consolidated Gold Mines in Western Australia to Saracen Mineral Holdings Limited (ASX:SAR) for a total cash consideration of $750 million. In a press release last month Barrick president and CEO Mark Bristow said:
"The sale of our non-operating interest in KCGM represents the first step in our plan to realize in excess of $1.5 billion from the disposal of non-core assets by the end of next year. While this iconic gold mine has been a valuable contributor to Barrick over the years, the asset does not fit with our strategy of operating mines that we own. The sale allows us to further focus our portfolio on core operations.”
Alexco Resource Corp. (NYSE American:AXU) has been issued an amended Quartz Mining License, effective for 17 years, for the Keno Hill Silver District from the Yukon Government. Alexco Chairman and CEO, Clynt Nauman, commented:
"We are pleased to have received the long awaited QML that will allow us to mine ore for the next 17 years from our four key deposits at Keno Hill. The issuance of this permit enables us to immediately advance the remaining underground development necessary to reach the production areas at Flame & Moth and Bermingham. With the Water Use licensing process in its final stage, we remain on track to restart operations in 2020, subject to a positive production decision.”
Asanko Gold Inc. (NYSE American:AKG) has won the "Mining Company of the Year" award from the Ghana Chamber of Mines at the annual Ghana Mining Industry Awards Ceremony for the second consecutive year for Asanko Gold Ghana. Company CEO Greg McCunn said:
"We are elated that for the second year in a row Asanko Gold Ghana has won such a prestigious award from the Ghana Chamber of Mines against very intense competition. As a relatively young mine within Ghana this award recognizes the commitment that our team continues to demonstrate through its leadership in innovation in the workplace and ensuring we operate in a safe, socially and environmentally responsible manner."
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