Exploring Mining Podcast: News from (NYSE: NEM) (ASX: NST) (NYSE: GOLD) (NYSE: CDE) (NYSE: HL)
Point Roberts, WA and Delta, BC - December 17, 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.
Listen to the podcast:
Exploring #Mining #Podcast: News from (NYSE: NEM) (ASX: NST) (NYSE: GOLD) (NYSE: CDE) (NYSE: HL)
Newmont Goldcorp Corporation (NYSE:NEM) is selling its 50 percent stake in Kalgoorlie Consolidated Gold Mines (KCGM) to Australia's Northern Star Resources Limited (ASX:NST). The agreement will see Newmont "receive $800 million in cash for its interests in KCGM, inclusive of a $25 million payment that gives Northern Star specified exploration tenements, transitional services support and an option to negotiate exclusively for 120 days the purchase of Newmont's Kalgoorlie power business for fair market value". Newmont President and CEO Tom Palmer said:
"This transaction generates exceptional value and further strengthens our financial position by increasing proceeds from our 2019 asset sale agreements to more than $1.4 billion. Australia remains a core operating region for Newmont, and the sale of KCGM allows us to focus on investing in profitable growth and long-term value creation at our top-tier Tanami and Boddington complexes, in addition to our active exploration campaigns across the region. Northern Star is a well-established, Australian-based gold producer with a core competency in exploration, a commitment to community development, responsible environmental stewardship and, most importantly, excellence in safety."
Barrick Gold Corporation (NYSE:GOLD) has announced that the Pueblo Viejo power plant is expected to receive its first natural gas in Q1 2020, lowering greenhouse gas emissions and cutting costs. Pueblo Viejo is also contributing to the Dominican electricity sector with the construction of the Bonao III power substation. Barrick President and CEO Mark Bristow commented:
"The conversion agreement, the natural gas pipeline and the Bonao III substation represent a step forward, not only for Pueblo Viejo but for the Dominicans, as it shows not just environmental benefits, but also a significant reduction of the country's electricity cost, less dependency on crude oil and more stability for the national power grid."
Coeur Mining, Inc. (NYSE:CDE) has released an update on its 2019 exploration activities. Highlights include: Successful launch of expansion drilling program at Silvertip, promising assay results from new areas at Sterling and Crown, expansion drilling discovered multiple new high-grade targets at Kensington and continued positive results from drilling at Palmarejo. Mitchell J. Krebs, Coeur's President and CEO, explained:
"Despite overall lower levels of exploration investment, we successfully commenced several expansion drilling programs in 2019, with notable results at Silvertip, Sterling and Crown, and Kensington. We focused our efforts on exploration targets within our current operating footprint and near existing infrastructure in the pursuit of potential mine life extensions and organic growth opportunities, which rank near the top of our capital allocation framework. Overall, we are very pleased with the results from our 2019 drilling campaign and are excited about the potential of the high-grade targets we identified during the year."
Hecla Mining Company (NYSE:HL) is ramping up production at its Lucky Friday mine and hiring new employees after union workers voted against ratifying a Tentative Agreement with the company. Phillips S. Baker, Jr., President and CEO, explained:
"For much of 2019 we have employed a number of hourly workers who, combined with our salaried workforce, have operated the Lucky Friday on a limited basis. We will now accelerate hiring and utilizing contractors with the goal of reaching full production by year-end 2020. While we would have preferred ratification of the agreement reached by the two negotiating committees, after three years of negotiating we believe the best interests of the company and community is the Lucky Friday in full operation. The mine has operated for 75 years, and we believe its best days with projected higher grades and more cash flow, are in front of it."
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Contact Investorideas.com to be a guest or sponsor this podcast