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Exploring Mining Podcast: News from (NYSE: NEM) (NYSE: MT) (NYSE: IAG) (NYSE: AU) (TSXV: ZON)

 

Point Roberts, WA and Delta, BC - December 26, 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: MT) (NYSE: IAG) (NYSE: AU) (TSXV: ZON)

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Goldcorp, the wholly-owned subsidiary of Newmont Goldcorp Corporation (NYSE:NEM), has “disposed of 3,478,261 common shares and 3,478,261 common share purchase warrants of Origin Gold Corporation for aggregate consideration of $177,391.31” on the TSX Venture Exchange. The press release reads:

Prior to the Disposition, Goldcorp beneficially owned or exercised control or direction over 3,478,261 Common Shares and 3,478,261 Warrants, representing approximately 6.7% of issued and outstanding Commons Shares or approximately 12.6% of issued and outstanding Common Shares (assuming exercise of the Warrants held by Goldcorp). Following the completion of the Disposition, Goldcorp will own, and Newmont Goldcorp will beneficially own, no Common Shares and no Warrants.

ArcelorMittal (NYSE:MT) has “signed a share purchase agreement with DryLog Ltd for the sale of a 50 percent stake in Global Chartering Limited (GCL), its wholly owned shipping business, and will subsequently form a 50:50 shipping joint venture with DryLog”. According to the press release:

The joint venture will benefit from the combination of the two businesses respective knowledge and expertise, and ArcelorMittal’s extensive annual cargo commitments, a portion of which will be handled exclusively by the JV. It will also benefit from DryLog’s ability to optimise transport solutions and its technical and commercial vessel management expertise. These factors will enable the joint venture to grow its operations and become a significant player in the international shipping industry.

IAMGOLD Corporation (NYSE:IAG), along with its joint venture partner, AngloGold Ashanti Limited (NYSE:AU), has entered into an agreement to sell its collective interests in Société d'Exploitation des Mines d'Or de Sadiola S.A. (SEMOS) to Allied Gold Corp. According to the press release, “AGA and IAMGOLD each hold a 41% interest in SEMOS with the remaining 18% interest held by the Government of Mali”. Gord Stothart, President and COO of IAMGOLD, commented:

"This transaction reflects our continuing efforts toward self-funding and focussed capital allocation. The Sadiola mine was the founding asset of IAMGOLD, and we are pleased to have reached this agreement with Allied Gold to secure its long-term future."

Zonte Metals Inc. (TSXV:ZON) has completed a $1.25 million financing consisting of 4,166,667 flow through shares at a price of $0.30 for total proceeds of $1,250,000, which is subject to TSX Venture Exchange approval. According to the press release, “the Company intends to use the net proceeds of the Offering for exploration at the Cross Hills Iron Oxide Copper Gold Property, in Newfoundland and Labrador . The current drill program will extend through the winter and additional exploration over yet unexplored areas will be completed”.

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