Exploring Mining Podcast: News from (NYSE: SILV) (TSX: SIL) (NasdaqGS: SSRM) (NYSE: IAG) (NYSE: EXK) (TSXV: AAX) (TSXV: SKP) (CSE: SIG)
Point Roberts, WA and Delta, BC - January 14, 2020 (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: SILV) (TSX: SIL) (NasdaqGS: SSRM) (NYSE: IAG) (NYSE: EXK) (TSXV: AAX) (TSXV: SKP) (CSE: SIG)
SSR Mining purchased 1,819,074 common shares of the Company at a price of C$7.28 per share for a total investment of C$13,242,859. The common shares have a statutory hold period of four months and one day expiring May 11, 2020.
With the closing of the bought deal public offering (see news release dated December 18, 2019) and exercise by SSR Mining of its equity participation right, SilverCrest is in a robust financial position to advance the high-grade precious metal Las Chispas Project in Sonora, Mexico with C$124 million of cash and no debt.
IAMGOLD Corporation (NYSE:IAG) has received approval from the Government of the Republic of Senegal of a mining permit application for the Boto Gold Project lasting for an initial period of 20 years. Gord Stothart, President and COO of IAMGOLD, commented:
"The Boto Gold Project generates impressive returns and margins, and we are very pleased to now be in receipt of the exploitation permit. We thank the Government of Senegal for their ongoing support of this Project. Situated in the highly prospective Boto-Karita-Diakha gold district, the Project is well positioned to benefit from further discoveries. Work is already underway to obtain approvals for the next steps, supporting either a decision to proceed to full construction or further de-risk prior to construction approval."
Endeavour Silver Corp. (NYSE:EXK) has reported "production of 4.0 million silver ounces (oz) and 38,907 gold oz in 2019, for silver equivalent production of 7.1 million oz at an 80:1 silver:gold ratio." The company's silver production in Q4, 2019 was "939,511 oz and gold production was 9,578 oz, for silver equivalent production of 1.7 million oz." Factors such as the suspension of mining operations at the El Cubo mine resulted in Q4, 2019 being lower than Q4, 2018, according to the press release. Bradford Cooke, Endeavour CEO, explained:
"The Company's performance last year was negatively impacted by operating issues at all four mines. We made sweeping changes to the mining operations in Q2 and Q3 and as a result, we are finally seeing production turning around, led by [the] Guanacevi [project]. Endeavour expects higher production at each of its three mines in 2020."
Advance Gold Corp. (TSXV:AAX) has announced that the third phase of geophysics is underway on the company's Tabasquena project in Zacatecas, Mexico. The aims of this geophysical survey are to "delineate a new chargeability anomaly, identified on the most southerly of the reconnaissance lines from the second survey" and to "do a long northwest-southeast line cross cutting all of the previous east-west survey lines and by so doing obtain a much deeper penetration to better understand the depth potential of the previously identified chargeability anomaly." Allan Barry Laboucan, President and CEO of Advance Gold Corp., explained:
"Our previous geophysical surveys have identified a large continuous chargeability anomaly and what appears to be the start of a new anomaly, however this new anomaly can only be seen on one of the most southerly reconnaissance lines. This additional grid to the south of the primary anomaly will extend the grid beyond the last reconnaissance line by approximately 1000 metres and hopefully delineate the new anomaly."
StrikePoint Gold Inc. (TSXV:SKP) has signed a definitive agreement with Sitka Gold (CSE:SIG) regarding the acquisition by Sitka of 100 percent of StrikePoint's Mahtin property in the Yukon Territory in Canada. StrikePoint CEO Shawn Khunkhun commented:
"The Mahtin transaction will provide StrikePoint with a significant share position in Sitka and a royalty on the Mahtin property. This will provide StrikePoint shareholders with exposure not only to the exploration upside at Mahtin, but to Sitka's entire project portfolio, which include the Burro Creek Gold-Silver Deposit in Arizona, the Alpha Gold Project in Nevada and the RC Gold Property in the Yukon. Sitka's has a strong technical team, good share structure with significant ownership by management and have demonstrated an ability to finance operations."
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