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Exploring Mining Podcast Episode 123: News from (NYSE: NEM) (NYSE: EGO) (TSX: OSK) (TSXV: JG)

 

Point Roberts, WA and Delta, BC - December 3, 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/2020/120320-Mining.mp3

Exploring Mining Podcast Episode 123: News from (NYSE: NEM) (NYSE: EGO) (TSX: OSK) (TSXV: JG)

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Newmont Corporation (NYSE:NEM) has completed two key projects at its Musselwhite mine at Lake Opapimiskan in Ontario, Canada: the full commissioning of the mine's conveyor system and the material handling project. These developments reduce haul distances, making the movement of material more efficient. Tom Palmer, President and CEO of Newmont, said:

"I am extremely proud of the work that has been completed by the team at Musselwhite to safely deliver these two critical projects, whilst managing through the unprecedented challenges caused by COVID-19. Musselwhite is an important part of our North America region, and with the commissioning of these two projects is positioned to contribute to Newmont's portfolio for many years to come."

Eldorado Gold Corporation (NYSE:EGO) has released its updated Reserve and Resource estimates as of September 30, 2020. Highlights include 17.7 million ounces of "Proven and Probable gold Reserves," up from 17.5 million ounces, or 1.3 percent, from December 31, 2019. This growth is attributed to "increases at Kisladag, Lamaque and Perama Hill, offset by decreases at Olympias and Efemcukuru."

Osisko Mining Inc. (TSX:OSK) reports that infill drilling at the Lynx Zone of its Windfall gold project in Quebec, Canada, has returned the highest-grade result to date with "13,634 g/t Au over 2.0 metres including 90,700 g/t Au over 0.3 metres in hole WST-20-0543." The CEO of Osisko Mining, John Burzynski, said:

"Today's spectacular result, certainly one the highest gold grades in terms of metal factor (grade x width) ever reported, continues to demonstrate the exceptional high-grade characteristics of Lynx. Our infill drilling program continues to show the strength of our deposit, and is confirming both the continuity and high-grade nature of Windfall. We encourage people to go to our social media page or website and view some of the recent photos of the spectacular visible gold in this sample and other recent drill core coming from the ongoing work at Windfall."

Japan Gold Corp. (TSXV:JG) has signed a Joint Venture agreement with Koatsu Kogyo Corporation (TYO:1743) for three mining rights licenses, comprising 389 hectares, which adjoin its Ohra-Takamine Project. John Proust, Chairman & CEO of Japan Gold Corp., commented:

"We're very pleased to sign this joint venture agreement with the Koatsu Kogyo Corporation. The joint venture covers a strategic and under-explored gap in the Company's extensive portfolio in the very prospective Southern Kyushu Epithermal Gold Province."

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