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Exploring Mining Podcast Episode 164 - News from (TSXV: AUN) (OTC: AUNFF) (NYSE: IAG) (NYSE: EXK) (TSXV: GGO)

 

Point Roberts, WA and Delta, BC - May 4, 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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https://www.investorideas.com/Audio/Podcasts/2021/050421-Mining.mp3

Exploring Mining Podcast Episode 164 - News from (TSXV: AUN) (OTC: AUNFF) (NYSE: IAG) (NYSE: EXK) (TSXV: GGO)

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Aurcana Silver Corporation (TSXV:AUN) (OTC:AUNFF) has provided a construction update and a production outlook for the remainder of 2021 for its Revenue Virginius Mine, near Ouray, Colorado. Development highlights indicate that underground mine development is proceeding on schedule, ore development on 1800 level is on schedule to deliver initial ore to the processing plant in July, and the company anticipates that four stopes will be available by year end 2021 to supply the processing plant.

IAMGOLD Corporation (NYSE:IAG) has reported its consolidated financial and operating results for the first quarter ended March 31, 2021. Highlights include a gross profit for Q1 of $44.2 million, which is $12.3 million more than the prior year's first quarter, and net earnings of $19.5 million, as opposed to the net loss of $34.4 million, recorded in the prior year's first quarter. Gordon Stothart, President and CEO of IAMGOLD, commented:

"With the normalization of operations and continuous improvement, we expect to see improved production levels and costs over the balance of the year and to continue to steadily advance our development projects and pipeline."

Endeavour Silver Corp. (NYSE:EXK) has reported intersecting high grade silver-gold mineralization in its 2021 exploration drill program aimed at expanding the El Curso orebody at the Guanacevi Mine in Durango State, Mexico. According to the press release, the company "is currently producing from three orebodies at Guanacevi: Milache, El Curso and SCS." Luis Castro, Endeavour's Vice President of Exploration, said:

"Ultimately, we anticipate that Porvenir Cuatro, El Curso and Milache will all connect to form one continuous orebody over a 1,500 m length by 400 m vertical extent. This would make it comparable to the original Porvenir Norte orebody which supported production at Guanacevi for over 14 years. The future is looking bright for Guanacevi."

Galleon Gold Corp. (TSXV:GGO) has entered into an agreement to sell its non-core Quebec properties to a private company, Quebec Aur Ltd. Quebec Aur has paid $250,000, according to the press release, to secure 100 percent ownership of the properties, which include East Bay, Destor and Nelligan. Galleon Gold's President and CEO, David Russell, said:

"As we focus our efforts on the West Cache Gold Project in Timmins, we are very pleased to have reached an arrangement that will drive exploration on the Quebec properties. Our exposure to the upside through our equity interest in a newly formed Quebec based gold company ensures we will benefit from the development and growth of this company going forward."

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About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea's original branded content includes the following podcasts and columns: Crypto Corner, Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change, Exploring Mining the AI Eye.

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