Exploring Mining Podcast Episode 163 - News from (NYSE: NEM) (ASX: NCM) (NYSE: SA) (TSXV: BHT)
Point Roberts, WA and Delta, BC - April 29, 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 163 - News from (NYSE: NEM) (ASX: NCM) (NYSE: SA) (TSXV: BHT)
Newmont Corporation (NYSE:NEM) has announced its first quarter 2021 results. Highlights include the production of 1.5 million attributable ounces of gold and 317 thousand attributable gold equivalent ounces from co-products, and the generation of $841 million of cash from continuing operations and $442 million of Free Cash Flow. Tom Palmer, the company's President and CEO, commented:
"In the first quarter we delivered a solid financial performance with $1.5 billion in adjusted EBITDA and $442 million in free cash flow, putting Newmont on track to achieve our full-year guidance with improving production expected in the second half of the year. We remain confident in the strength of our business as we invest in our world-class portfolio, strengthening the balance sheet and sustaining our quarterly dividend of $0.55 per share."
Newcrest Mining Limited (ASX:NCM) has provided its quarterly report for the three months ended March 31, 2021. Their highlights include the production of 512koz of gold and 35kt of copper. Newcrest's Managing Director and CEO, Sandeep Biswas, explained:
"As part of our plan to forge an even stronger Newcrest, we continue to progress multiple organic growth options across our gold and copper assets with a number of key project milestones delivered during the period. At Red Chris and Havieron, box cut and surface infrastructure construction is progressing to plan, while at Lihir we are on target to deliver the findings of our Phase 14A Pre-Feasibility Study in the June 2021 quarter."
Seabridge Gold Inc. (NYSE:SA) has sold its residual interests in its previously owned Red Mountain project located in northwestern British Columbia for $18 million USD in cash to Sprott Resource Streaming and Royalty. Rudi Fronk, Chairman and CEO of Seabridge, commented on the news:
"The sale of our residual interests in Red Mountain is consistent with our 21+ year business plan of selling non-core assets at opportunistic times to fund activities at our core projects. To date, we have generated over $75 million in non-core asset sales with the proceeds being redeployed into our core assets where we believe we can drive greater shareholder value."
Braveheart Resources Inc. (TSXV:BHT) has announced plans to resume drilling from underground workings at its Bull River Mine project effective May 3, 2021. The company plans to drill 1,000 metres for the second quarter this year, after having been delayed last year due to COVID-19-related health and safety concerns.
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