Exploring Mining Podcast: News from (NYSE American: SILV) (TSX: SILV) (NYSE: MT) (NYSE: BVN) (CSE: RCLF)
Point Roberts, WA and Delta, BC - March 31, 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.
Listen to the podcast:
Exploring #Mining #Podcast: News from (NYSE American: SILV) (TSX: SILV) (NYSE: MT) (NYSE: BVN) (CSE: RCLF)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced protocols to minimize Coronavirus exposire so as to reduce the risk to its employees, contractors, families and communities near the Las Chispas Project in Sonora, Mexico. Primarily this will involve the suspension of its ongoing exploration and underground development work at Las Chispas at least until April 30, 2020. Additionally, the company has announced the temporary closure of offices, restrictions on non-essential business travel, medical screening at Las Chispas, the isolation of personnel at higher risk levels and more. Company President Chris Ritchie commented:
"We are thankful to report that there are currently no known cases of COVID-19 for any of our employees, contractors, their families in the communities near the Las Chispas Project. We are monitoring the situation and are proactively working with our people and community. We feel strongly that our local presence and activities alongside the government are critically important as we seek to prioritize health and safety where we live and work."
ArcelorMittal (NYSE:MT) has provided an update regarding the impact of the COVID-19 pandemic and its own response. According to the press release, ArcelorMittal is "reducing production and temporary idling steelmaking and finishing assets, adapted on a country by country basis in alignment with regional demand as well as government requirements." Addressing the volatility brought on by the virus, the press release affirms that the firm is "buoyed by the fact our company has in recent years prioritised the strengthening of its balance sheet to provide a strong financial foundation in all market conditions.' An excerpt reads:
Net debt is at a record low, we have a very manageable debt maturity profile having used available cash to prepay debt in recent years and also benefit from a significant liquidity position. We intend to provide updated guidance on our 2020 cash requirements, including capital expenditure, when we announce our first quarter 2020 results on 7 May 2020.
Compania de Minas Buenaventura (NYSE:BVN) has announced "that the Peruvian Government has extended the current state of emergency by an additional 13 days to curb the COVID-19 pandemic," meaning that quarantine is now tentatively set to end on April 12, 2020. Though the company's direct operations have been reduced to care and maintenance, it "continues to process ore on the leach pads at its Coimolache and La Zanja mines." The press release states, however, that the company is "prepared to immediately resume normal operations once it has received notice from the authorities that restrictions have been lifted."
Rockcliff Metals Corporation (CSE:RCLF) has announced an updated Mineral Resource Estimate by P&E Mining Consultants Inc. for its 100 percent-owned Rail Deposit located in central Manitoba. Highlights include a 27 percent increase of indicated copper, 72 percent increase of indicated gold, 34 percent increase of indicated zinc, and a 37 percent increase of indicated silver. Rockcliff President and CEO Alistair Ross said:
"We are very pleased that the successful drill programs at Rail have added substantially to the Rail Indicated classification tonnage. They have also identified over 730,000 tonnes of new, high-grade Inferred tonnage. The high-grade Rail deposit remains open along strike and at depth and several additional nearby copper targets remain untested. We look forward to the completion of a Preliminary Economic Assessment on the Rail deposit before the end of Q2 2020".
The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.
Visit the Podcast page at Investorideas.com:
Research mining stocks at Investorideas.com with our mining stocks directory at Investorideas.com https://www.investorideas.com/Gold_Stocks/Stocks_List.asp
About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns : Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye .
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclaimer - SilverCrest Metals Inc is a paid annual news and social media client
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp and https://www.investorideas.com/About/News/Clientspecifics.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
Follow us on Twitter https://twitter.com/Investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Download our Mobile App for iPhone and Android
Contact Investorideas.com to be a guest or sponsor this podcast