Exploring Mining Podcast 146 - News from (NYSEAmerican: SILV) (TSX: SIL) (TSXV: AUN) (OTC: AUNFF) (NYSE: AGI) (TSXV: AGLD)
Point Roberts, WA and Delta, BC - February 25, 2021 (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 #146 - News from (NYSEAmerican: SILV) (TSX: SIL) (TSXV: AUN) (OTC: AUNFF) (NYSE: AGI) (TSXV: AGLD)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced the commencement of drilling, and initial results, at the El Picacho Propertynear its Las Chispas Project in Sonora, Mexico. Highlights include "2 initial drill holes with 21 holes intercepting an average of 4.1 metres ETW grading 8.14 gpt Au and 49.7 gpt Ag, or 660 gpt AgEq for the El Picacho Vein." The company's CEO, N. Eric Fier, commented:
"We acquired El Picacho only six months ago, and in this short time period, SilverCrest's exploration team has negotiated surface rights, completed preliminary geological surface and underground exploration work, received a five-year drilling permit, set up a COVID-19 isolation camp with strict protocols, and have already made some significant discoveries. Drilling will continue throughout the year, with an approved total 2021 exploration budget of US$42 million for mostly the Las Chispas Project with some allocated to El Picacho based on success."
Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has been recognized by the TSX Venture Exchange as a top 10 performing company in the mining sector. Aurcana's ranking in the TSX Venture 50 is based on its share price appreciation, market capitalization, and trading volume for the year. The company's President and CEO, Kevin Drover, said:
"To be recognized as a TSX Venture 50 winner means that the efforts that Aurcana has made in building a strong asset base and earning a significant and loyal shareholder base have paid off. This recognition as a leader among our peers means that all of our hard work since the acquisition of Ouray Silver Mines is coming to fruition. We look forward to a successful restart of the Revenue-Virginius mine this year and plan to continue our track record of building shareholder value."
Alamos Gold Inc. (NYSE:AGI) has reported its financial results for the fourth quarter and year ended December 31, 2020. Highlights include a Q4 production increase to 120,400 ounces of gold, the highest quarterly total in 2020, and full year net earnings of $144.2 million or $0.37 per share. The company's President and CEO, John A. McCluskey, commented:
"We are expecting production to grow 15% in 2021, supporting strong ongoing free cash flow generation while we reinvest in high-return organic growth projects. This includes the Phase III Expansion at Island Gold where we just added another million ounces of combined high-grade Mineral Reserves and Resources as the value of the operation continues to grow. Reflecting the strong quarter and outlook, we are pleased to announce a further 25% increase in our dividend marking our second consecutive quarterly increase."
Austral Gold Limited (TSXV:AGLD) has announced that its wholly-owned subsidiary, Argentex Mining Corp., has completed its purchase of 5,950,000 units for $1,487,500 CAD in the capital of private mining firm Ensign Gold Inc. Ensign, according to the press release, has exploration assets in the state of Utah, and "produced over 3 million ounces of gold," before being "shut down over two decades ago when gold was selling for less than $300 per ounce."
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