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Exploring Mining Podcast Episode 64: News from (NYSE: NEM) (NYSE: IAG) (TSXV: OCG) (TSXV: APN)

 

Point Roberts, WA and Delta, BC - May 5, 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 Episode 64: News from (NYSE: NEM) (NYSE: IAG) (TSXV: OCG) (TSXV: APN)

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Newmont Corporation (NYSE:NEM) has announced its first quarter 2020 results. Highlights include production of $1.5 million attributable ounces of gold, $939 million of cash generated from continuing operations, and a first quarter dividend of $0.25 per share, which represents an increase of 79 percent over the prior year's quarter. Newmont President and CEO Tom Palmer said:

"We are responding to COVID-19 from a position of strength, taking proactive steps to prioritize the well-being of our employees and the communities in which we operate. These unprecedented times further highlight the importance of a proven operating model, talented workforce and the ability to adapt to dynamic circumstances quickly and with care for all stakeholders."

IAMGOLD Corporation (NYSE:IAG) has reported its consolidated financial and operating results for the quarter ended March 31, 2020. Results include 170,000 ounces in attributable gold production, revenues of $274.5 million, and 159,000 ounces in attributable gold sales from continuing operations. IAMGOLD President and CEO Gordon Stothart said:

"IAMGOLD benefited from strong revenues on higher gold prices in the quarter, generating $44 million in operating cash flow, notwithstanding the rapid onset of the COVID-19 crisis toward the end of the quarter."

Outcrop Gold Corp. (TSXV:OCG) has resumed drilling at the Santa Ana high-grade silver-gold project in Colombia. According to the press release, this second phase of the property's drilling program "will extend through the end of the calendar year and into the first quarter of 2021, providing sustained news flow of drill and surface assays for the next eleven months." With regard to working amid the COVID-19 crisis, an excerpt from the press release reads:

Outcrop submitted a formal action plan demonstrating its adherence to guidelines to both the Ministry and the Mayor of Falan, the community nearest the project.

Outcrop in consultation with and as advised by the municipality of Falan, continues to provide basic food items to local communities and continues to contribute to a local COVID-19 general response fund managed by Falan.

Altiplano Metals Inc. (TSXV:APN) has announced that "the 86.5 m Hugo decline extension has reached the planned 382 level and the crosscut has intersected the Farellon Vein system as anticipated." The company's CEO Alastair McIntyre explained:

"The decline extension is part of Altiplano's ongoing expansion plans at the historic Farellon mine designed to access lower levels of Cu-Au mineralization. By opening the 382 and the 389 levels, in addition to recovering the remaining material from the upper levels, this block opens new accesses expanding the bulk sampling program. I am also pleased to report that the work was completed on time and budget, while continually operating within safety and COVID-19 protocols."

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