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Exploring Mining Podcast: News from (NYSE: MT) (NYSE: HL) (NYSE American: GPL) (TSXV: WGO) (TSXV: ILC) (OTC: GNENF)

 

Point Roberts, WA and Delta, BC - February 6, 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/2020/020620-Mining.mp3

Exploring #Mining #Podcast: News from (NYSE: MT) (NYSE: HL) (NYSE American: GPL) (TSXV: WGO) (TSXV: ILC) (OTC: GNENF)

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ArcelorMittal (NYSE:MT) has reported its fourth quarter 2019 and full year 2019 results. Yearly highlights include: the generation of $2.4 billion in free cash flow, the acquisition of Essar Steel India in partnership with Nippon Steel, and achieving gross debt of $14.3 billion and net debt of $9.3 billion, which according to the press release is the lowest since the Arcelor and Mittal merger in 2006. Despite these positives, ArcelorMittal Chairman and CEO Lakshmi N. Mittal commented:

"2019 was a very tough year, clearly reflected in our significantly reduced profitability. However, our cash generation remained strong helping to reduce net debt to the lowest ever level. This demonstrates the contribution of our Action2020 programme which was designed to ensure ArcelorMittal can be cash flow positive through all aspects of the steel cycle. We expect to make further deleveraging progress this year."

As a possible consequence of these results being published, ArcelorMittal stock is up about nine percent today.

Hecla Mining Company (NYSE:HL) has reported the highest silver, lead, and zinc reserves in its history and has also provided an update on its exploration programs during the fourth quarter of 2019. The company's President and CEO, Phillips S. Baker, Jr., commented:

"The foundation of value creation for any mining company is increasing reserves, and Heclas silver, lead and zinc reserves are the most in our 129-year history. Despite using what we believe is the industry's most conservative price assumption and spending our second lowest amount on exploration in the last 10 years, Hecla grew silver reserves 11% last year with Greens Creek having its most reserves since 2001. We expect our exploration programs over the next few years to further add reserves across the Company."

As one might expect, these positive developments coincide with Hecla's stock being up about 9.5 percent today.

Great Panther Mining Limited (NYSE American:GPL) has provided 2020 exploration plans for its Tucano Gold Mine in Brazil. According to the press release, the company is budgeting $6.6 million for exploration of the project this year, which covers 55,000 meters. Jeffrey Mason, Interim President & CEO, explained:

"With a three-fold increase in drilling metres planned for 2020, we are working to capitalize on Tucano's exploration potential. We have identified near-mine targets that could lead to the development of new mineralized zones, and we are prioritizing prospects for new discoveries farther afield. In addition, with the current gold price well above the prices used in the historic pit shell designs, we are analyzing opportunities to expand the existing pits."

Great Panther Mining stock is up 2.8 percent, at press time.

White Gold Corp. (TSXV:WGO) has announced Rotary Air Blast (RAB) drill results for multiple targets on its White Gold property in the Yukon, Canada. Result highlights include the confirmation of near surface gold mineralization across multiple targets, prospectivity of multiple gold zones over a 11km by 5km trend, and significant potential for additional gold discoveries outside of current resource areas. White Gold CEO David D'Onofrio commented:

"We are very encouraged with these positive drill results in such close proximity to our flagship deposits with our first RAB drilling on newly identified targets. With only a few holes drilled on each target in a first-pass, shallow drill program, this further validates the effectiveness of our exploration methodologies, the large scale of the mineralized system and the potential for additional new discoveries on this underexplored trend which has now been expanded to an area of roughly 55 km2. We look forward to our first drilling on the additional new targets identified on this trend and following up on these results in the upcoming season."

At press time, White Gold stock is up about 2.3 percent.

International Lithium Corp. (TSXV:ILC) has received a technical report from its strategic partner Ganfeng Lithium Co. Ltd. (OTC:GNENF), including an updated mineral resource estimate for the Mariana lithium brine project in Salta, Argentina. The following highlights were indicated in the press release:

  • 4,410,000 tonnes of lithium carbonate ("Li2CO3") equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 253% over the 2017 estimate of 1,248,000 tonnes of Indicated Resource
  • 49,700,000 tonnes of potash ("KCl") equivalent in the Measured and Indicated Resource categories
  • an additional 786,000 tonnes of Li2CO3 and 9,260,000 tonnes KCl in the Inferred Resource category

International Lithium Corp.'s stock is up an astounding 18 percent, at press time.

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