Point Roberts, WA and Delta, BC – October 14, 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. Today’s podcast was sponsored by O2Gold Inc. (TSXV:OTGO), a mineral exploration company with activities in Colombia.
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Exploring Mining Podcast 212 – (TSXV: OTGO) (NYSE: RIO) (NYSE: GOLD) (NYSE: HL) (TSXV: SPOT) (TSXV: KING)
Rio Tinto Group (NYSE:RIO) is progressing a new technology to “deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.” Simon Trott, Chief Executive of Rio Tinto Iron Ore, said:
“We are encouraged by early testing results of this new process, which could provide a cost-efficient way to produce low-carbon steel from our Pilbara iron ore.
More than 70 per cent of Rio Tinto’s Scope 3 emissions are generated as customers process our iron ore into steel, which is critical for urbanisation and infrastructure development as the world’s economies decarbonise. So, while it’s still early days and there is a lot more research and other work to do, we are keen to explore further development of this technology.”
Barrick Gold Corporation (NYSE:GOLD) has shared its preliminary Q3 results, including sales of 1.07 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.09 million ounces of gold and 100 million pounds of copper. According to the press release, the company’s gold and copper production were higher in Q3 than Q2, with Q4 copper production in particular expected to be the strongest quarter of the year.
Hecla Mining Company (NYSE:HL) has reported its preliminary production results for Q3 2021. Highlights include silver production of 2.7 million ounces, gold production of 42,206 ounces, silver equivalent production of 8.4 million ounces and gold equivalent production of 113,998 ounces. Phillips S. Baker, Jr., President and CEO of the company, commented:
“Hecla is the United States’ largest silver miner producing 40% of all the silver mined in the U.S. With this quarter’s performance, we are not only the largest but also demonstrate the strength of our operations in this lower silver price environment with approximately $10 million added to our cash balance, despite the semi-annual interest payment made this quarter and some one-time cash transactions. Since the beginning of 2019, we’ve added over $160 million of cash to our balance sheet while returning approximately $30 million to common shareholders in the form of dividend payments, in addition to increasing our investment in operations and exploration.”
GoldSpot Discoveries Corp. (TSXV:SPOT) has signed a service agreement with King Global Ventures Inc. (TSXV:KING) to assist in the exploration of the latter’s projects in Central Newfoundland, Canada. Denis Laviolette, GoldSpot’s Executive Chairman and President, said:
“King’s portfolio of prospective and previously explored gold exploration projects in the Gander Gold Belt Region of Newfoundland is perfectly positioned for our team to add significant value. We look forward to undertaking our Smart Target program and advanced geological modelling for the portfolio as well as a MAG survey through Ridgeline, GoldSpot’s full-service field exploration firm which will provide high-caliber input for our AI solutions.”
Exploring Mining Podcast Sponsor
O2Gold Inc. (TSXV:OTGO) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team’s deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.
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