Exploring Mining Podcast: News from (NYSE: GOLD) (NYSE: AGI) (NYSE: HL) (TSXV: BNCH)
Point Roberts, WA and Delta, BC - March 26, 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: GOLD) (NYSE: AGI) (NYSE: HL) (TSXV: BNCH)
Barrick Gold Corporation (NYSE:GOLD) has published its annual report for 2019, highlighting key goals the company has achieved since restructuring and refocusing after merging with Randgold Resources. Barrick's President and CEO Mark Bristow said:
"The work we did in 2019 has equipped us well to take Barrick to the next level. We stand on the strong foundation of our enormous organic growth potential, which will support a positive production profile and a very robust business, capable of generating a substantial cash flow for at least the next decade. There are also opportunities for growth outside our current ambit which we continue to explore."
In the press release, the company boasts "gold production at the top end of the guidance range; copper production which exceeded its forecast; the consummation of the Nevada Gold Mines joint venture, majority-owned and operated by Barrick; [and] the consolidation of [its] Tanzanian mines."
"First and foremost, our focus is on ensuring we protect the health and safety of our employees and the communities in which we operate. At Island Gold, approximately half of our employees travel from various parts of Ontario and Quebec, while the other half are local residents. We have a very unique camp set-up at Island Gold, with the camp located directly within the town of Dubreuilville. For these reasons, we have decided that the best way to minimize the possible spread of the virus is to temporarily suspend the operation of the mine. This is a rapidly evolving situation and we will take further action based on the best available information."
Similar news has come from Hecla Mining Company (NYSE:HL), which announced that it is suspending operations at its Casa Berardi mine until April 13, 2020 in compliance with the Government of Quebec's order for the mining industry in the fight against COVID-19. Phillips S. Baker, Jr., Hecla's President and CEO, said:
"The Government of Quebec ordered the mining industry to reduce to minimum operations as part of the fight against the COVID-19 virus, so we are suspending our Casa Berardi operations. We do not have a case of COVID-19, so we are disappointed for our workers and their families, our suppliers and other stakeholders that we have had to take this action. We look forward to Casa Berardi resuming normal operations as soon as possible."
Benchmark Metals Inc. (TSXV:BNCH) has revealed that it is in the advanced planning stages of its 2020 exploration program. According to the press release, the program will "focus on the definition and expansion of key exploration target areas within a 10km2 radiometric anomaly, including exploration drilling at new or previously untested occurrences." The company also addressed COVID-19, with CEO John Williamson commenting:
"The well-being of our team, business partners, investors and their communities is our top priority. We have enacted a business continuity plan to safeguard the health and safety of our personnel while ensuring our operations remain unaffected. There has not been any disruption to planned work activities as yet. We are continuously monitoring the progress of COVID-19 developments and will act accordingly for the health and safety of all stakeholders."
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