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Exploring Mining Podcast 305 - News from (NYSE: RIO) (NYSE: AG) (NYSEAmerican: EQX) (NYSE: IAG) (OTC: ZIJMF)

 

Vancouver, Kelowna, Delta, BC - October 19, 2022 (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.

Exploring Mining has been selected by Feedspot panelist as one of the Top 25 Mining Podcasts on the web.

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Exploring Mining Podcast 305 - News from (NYSE: RIO) (NYSE: AG) (NYSEAmerican: EQX) (NYSE: IAG) (OTC: ZIJMF)

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Rio Tinto Group (NYSE:RIO) has reported its production results for the third quarter 2022. Some highlights include the production of 84.3 million tonnes of iron ore at the company's Pilbara operations, 13.7 million tonnes of bauxite, 0.8 million tonnes of aluminum, and 138 thousand tonnes of copper. Jakob Stausholm, Rio Tinto's CEO, added:

"We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to C$737 million over eight years to decarbonise our Rio Tinto Fer et Titane operations in Québec, and to position the business as a centre of excellence for critical minerals processing."

First Majestic Silver Corp. (NYSE:AG) has announced record total Q3 production at its four producing operations, the San Dimas Silver/Gold Mine, the Jerritt Canyon Gold Mine, the Santa Elena Silver/Gold Mine and the La Encantada Silver Mine. According to the press release, the company produced 8.8 million silver equivalent ounces consisting of 2.7 million ounces of silver and 67,072 ounces of gold in the quarter. Keith Neumeyer, First Majestic's President and CEO, said:

"This record production was driven mostly by higher grades at our Santa Elena and San Dimas operations. At Santa Elena, the Ermitano mine produced 83% of the quarterly ounces as strong gold grades and optimized ore deliveries were achieved. At San Dimas, higher production was driven by increased silver and gold grades which were achieved with the start of production at the Perez Vein in July and continued improvements in dilution control. The Company continues to expect production in the fourth quarter to be another step up in growth with the imminent ramp-up at Jerritt Canyon of the West Generator, Saval II and Smith Zone 10 areas."

Equinox Gold Corp. (NYSEAmerican:EQX) has announced the results from a Feasibility Study for an expansion at its 100 percent-owned Los Filos Mine Complex in Mexico. According to the press release, gold mineralization at the site "extends beyond the drilled area, and it is expected that additional drilling along the contact between intrusive and carbonate rock could identify further skarn mineralization." The company's President & CEO, Greg Smith, said:

"The Feasibility Study confirms a path to expand Los Filos to a large-scale, long-life gold mine with a substantial reserve and resource endowment and opportunity for further growth. We are pleased with the results of the Feasibility Study; however, we have not made a decision to proceed with the expansion."

IAMGOLD Corporation (NYSE:IAG) has entered into a definitive agreement with Zijin Mining Group Co. Ltd. (OTC:ZIJMF) to sell its 95 percent interest in Rosebel Gold Mines N.V. for cash consideration of $360 million. Maryse Bélanger, IAMGOLD's Interim President and CEO, explained:

"This transaction represents a significant step forward in pursuing IAMGOLD's strategy of disciplined portfolio management as we look to create value for shareholders through a focus on core assets. The proceeds of the sale will be invested in the ongoing construction of our flagship Côté Gold project -- a strong positive step towards addressing our funding commitments to deliver the Côté Gold project on the updated schedule for production in early 2024."

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