Point Roberts, WA and Delta, BC – July 15, 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 Episode 185 – News from (NYSE: NEM) (NYSE: GOLD) (ASX: NCM) (TSXV: AGL)
Newmont Corporation (NYSE:NEM) has announced that its Board of Directors has approved advancing the Ahafo North Project into the execution phase. According to the press release, the project will include four open pit mines and the construction of a stand-alone mill. Newmont’s President and CEO, Tom Palmer, commented:
“I am pleased to announce the approval of full funding for the Ahafo North Project, expanding our existing footprint in Ghana and adding more than three million ounces of gold production over an initial 13-year mine life. The development of this prolific ore body will leverage our proven operating model and will be supported by our existing world-class Ahafo South operation. The project will be developed and operated in a sustainable and responsible manner to create value for all our stakeholders.”
Barrick Gold Corporation (NYSE:GOLD) is on track to achieve its 2021 guidance, having today reported preliminary Q2 sales of 1.07 million ounces of gold and 96 million pounds of copper, as well as preliminary Q2 production of 1.04 million ounces of gold and 96 million pounds of copper. The company’s preliminary Q2 gold production was lower than Q1, on account of maintenance and mechanical failures, but its “preliminary Q2 copper production was slightly higher than Q1.”
Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), has reported initial results of its program on the Fortuity 89 epithermal gold property in Nevada. The company’s President and CEO, Mark Fields, said:
“We are very pleased that Newcrest has rapidly advanced Fortuity 89 and successfully identified prospective targets for a drill program. Discovery Harbour’s own Caldera drill program is planned to get underway in early August. Fortuity 89 and Caldera are only a few kilometres apart with similar geology and gold deposition models. It is an exciting time for Discovery Harbour shareholders with drill programs expected for both properties.”
Aguila American Gold Limited (TSXV:AGL) has acquired 100 percent of the Cora copper project, located in Pinal County, Arizona, through staking. The press release indicates that the project lies centrally within the Arizona copper belt, near “world class porphyry, VHMS and skarn type copper projects.” Aguila’s President and CEO, Mark Saxon, said:
“We have been progressively and patiently assessing projects, and Cora stands out as a significant copper prospect in one of the world’s premier copper producing regions. The timing could not be better, as secure global copper supplies are tightening, coinciding with strong demand growth as a result of a global infrastructure, electrification and renewable energy boom. We look forward to applying modern exploration techniques to this under explored district.”
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