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Exploring Mining Podcast Episode 84: News from (NYSE: GOLD) (NYSE: AA) (NYSE: AG) (TSXV: BNCH)

 

Point Roberts, WA and Delta, BC - July 16, 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/2020/071620-Mining.mp3

Exploring Mining Podcast Episode 84: News from (NYSE: GOLD) (NYSE: AA) (NYSE: AG) (TSXV: BNCH)

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Barrick Gold Corporation (NYSE:GOLD) has reported preliminary second quarter sales of 1.22 million ounces of gold and 123 million pounds of copper, with production of 1.15 million ounces of gold and 120 million pounds of copper. Though gold production was lower than figures from the first quarter of 2020, the company's President and CEO Mark Bristow said these results positioned Barrick well to achieve its guidance for the year. On the other hand, the press release indicates that "preliminary second quarter copper production and sales were both higher than the previous quarter."

Alcoa Corporation (NYSE:AA) has reported its second quarter 2020 results, which include: revenue of $2.1 billion, and first-half and quarterly production records for its Bauxite segment. Company President and CEO Roy Harvey commented:

"I am proud of our global team's resolve in facing challenges created by the pandemic, focusing first on protecting people. We acted early to implement comprehensive measures to mitigate health risks, and we continue to exercise all precautionary measures to keep people safe and our locations fully operational."

"Despite challenging market conditions, our team has lowered production costs, increased output, maintained stable shipments, and improved our balance sheet. We continued to make progress in executing our strategic actions and 2020 programs, and we finished the quarter with a cash balance of nearly one billion dollars."

First Majestic Silver Corp. (NYSE:AG) has announced total Q2 production of 3.5 million silver equivalent ounces consisting of 1.8 million ounces of silver and 15,764 ounces of gold. This production is perceived as being better than expected, given measures taken to slow operations to deal with COVID-19 regulations. First Majestic President and CEO Keith Neumeyer explained:

"Despite the temporary shutdown of operations during the quarter, our production results were better than anticipated as a result of implementing an extended and safe ramp down of the San Dimas operation throughout the month of April. San Dimas produced a total of 2.4 million silver equivalent ounces, or 35% lower than the previous quarter. Total production at the Santa Elena and La Encantada operations were 63% and 45% lower, respectively, compared to the prior quarter as a result of suspending operations in early April."

Benchmark Metals Inc. (TSXV:BNCH) has signed a Communications and Engagement Agreement with the Tahltan Central Government - the administrative governing body of the Tahltan Nation - regarding the former's 100 percent-owned Lawyers Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. John Williamson, Benchmark CEO commented:

"Today's announcement is another step forward in fostering the positive and constructive relationship we share with the Tahltan Nation. The Company looks forward to working in a collaborative manner with the Tahltan Nation as we continue to develop our flagship gold-silver project."

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