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Exploring Mining Podcast: News from (NYSE: GOLD) (TSXV: ANZ) (NYSE: CDE) (TSXV: SCZ) (CSE: USGD) (OTC: BDWYF)

 

Point Roberts, WA and Delta, BC - January 28, 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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https://www.investorideas.com/Audio/Podcasts/2020/012820-Mining.mp3

Exploring #Mining #Podcast: News from (NYSE: GOLD) (TSXV: ANZ) (NYSE: CDE) (TSXV: SCZ) (CSE: USGD) (OTC: BDWYF)

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Barrick Gold Corporation (NYSE:GOLD) has announced that its Kibali mine, located in the Democratic Republic of Congo, beat its 2019 production guidance of 750,000 ounces of gold with 814,027 ounces, making for a record year. Barrick's CEO Mark Bristow commented:

"The completion of the Kalimva Ikamva prefeasibility study has delivered another viable opencast project which will help balance Kibali's opencast/underground ore ratio and enhance the flexibility of the mine plan. Down-plunge extension drilling at Gorumbwa has highlighted future underground potential and ongoing conversion drilling at KCD is delivering reserve replenishment. All in all, Kibali is well on track not only to meet its 10-year production targets but to extend them beyond this horizon."

Despite this bit of positive news, Barrick's stock is down a touch today trading about 2.5 percent lower than yesterday at press time. This could be linked to the slight downtrend in gold today, which is priced at $1,571 currently, according to data from Kitco.

Alianza Minerals Ltd. (TSXV:ANZ) has signed the Option Agreement relating to a Letter of Intent with a wholly owned subsidiary of Coeur Mining, Inc. (NYSE:CDE), to explore the Tim Property in the southern Yukon Territory. This exploration will target high-grade silver-lead mineralization. Jason Weber, President and CEO of Alianza Minerals, said:

"We are very pleased to have partnered with Coeur to advance the Tim Silver Property. Tim looks to be a Silvertip analog, and the Coeur team is an obvious choice to move the project forward. It will be a great advantage to have Coeur's geological expertise applied to the project."

Coeur stock is actually down about 5 percent at press time, despite the press release for this news indicating that they "can earn an 80% interest in the Property by (i) funding $3.55 million in exploration over five years and (ii) making scheduled cash payments totalling $575,000 over eight years." Similar to Barrick, mentioned earlier, this could have more to do with silver being down about 3 percent today.

Santacruz Silver Mining Ltd. (TSXV:SCZ) has reported its Q4 2019 and year end results for the Zimapan Project in Zimapan Hidalgo, the Veta Grande Project in Zacatecas, and Rosario Project in Charcas, San Luis Potosi, all located in Mexico. Highlights indicated in the press release include:

  • Total production reached 2.8 million equivalent ounces of silver, representing a 346% increase over 2018
  • Silver production reached 787,476 ounces, representing a 249% increase over 2018
  • Ramp development advanced at Zimapan, Veta Grande and Rosario projects to support an increase in milling tonnage for 2020 at all three mines.

Santacruz's COO, Carlos Silva, said:

"Santacruz had a record year in 2019 producing 2.8 million silver equivalent ounces following the successful acquisition and integration of Carrizal Mining. In addition to this transformative event, the Veta Grande and Rosario mines increased their annual production substantially, while at the same time maintaining significant development activities and advancing exploration plans as a pathway to keep improving our production at all mines and expanding mine resources."

At press time, Santacruz stock is up nearly four percent, which may have been triggered by this positive news.

American Pacific Mining Corp. (CSE:USGD) has signed a Letter of Intent with Broadway Gold Mining (OTC:BDWYF), giving the former "the exclusive right to negotiate a definitive agreement with Broadway and certain of its subsidiaries to acquire Broadway's interest in the Madison Copper Gold Project in Montana, USA." American Pacific CEO Warwick Smith commented:

"The opportunity to acquire the fully-permitted, past-producing Madison Copper Gold Project will strengthen the portfolio with a porphyry/skarn project that has already been evaluated and transacted upon by a major."

Details of this agreement are contingent upon Broadway Gold's other deals, and as such are not yet definitive. Perhaps as a consequence of this, American Pacific's stock has not budged since this news was first released yesterday.

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