Point Roberts, WA and Delta, BC – July 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 Episode 189 – News from (NYSE: CCJ) (NYSE: AEM) (NYSEAmerican: NG) (NYSE: NEM) (CSE: NSG)
Cameco Corporation (NYSE:CCJ) has reported its consolidated financial and operating results for the second quarter ended June 30, 2021. This includes a Q2 net loss of $37 million, but $1.2 billion in cash and short-term investments and $1.0 billion in long-term debt. Tim Gitzel, Cameco’s President and CEO, explained:
“We are taking the steps we believe are necessary, including investing in digital and automation technologies, to support the restart of our tier-one assets to create a more flexible asset base that will allow us to align our production decisions with our contract portfolio commitments and opportunities, allow us to eliminate the care and maintenance costs incurred while our tier-one production is suspended, and to benefit from the very favourable life-of-mine economics our tier-one assets provide.”
Agnico Eagle Mines Limited (NYSE:AEM) has reported its Q2 results for 2021, including a quarterly net income of $189.6 million. This figure, an improvement over the first quarter, is attributed to “higher mine operating margins (from higher sales volumes and higher realized metal prices) and lower losses in non-cash items related to mark-to-market adjustments on financial instruments owned by the Company.” Other highlights include payable gold production of 500,698 ounces.
NovaGold Resources Inc. (NYSEAmerican:NG) has received $75 million from Newmont Corporation (NYSE:NEM). This is part of a 2018 Share Purchase Agreement in which the former agreed to sell its 50 percent interest in the Galore Creek project in British Columbia, Canada. According to the press release this provides NovaGold “with a strong financial foundation to advance its 50%-owned Donlin Gold project (“Donlin Gold”) in Alaska.”
Northstar Gold Corp. (CSE:NSG) has announced the completion of an airborne magnetic survey by Abitibi Geophysics over its 100 percent-owned, 1,200 hectare Rosegrove Property, which has identified “2 significant structures and 5 anomalies consistent with possible syenitic intrusions.” An excerpt from Abitibi’s survey report reads:
“Two shear zones and a few faults that may play a key role in the control of gold mineralization. Two distinctive low magnetic corridors (RZ-LC-01, RZ-LC-02 – Figure 2) striking northwest were identified in the center and northeast of the study grid. The largest corridor (RZ-LC-01) exceeding 250 m in width is interpreted as a shear zone; the known Pacaud Fault appears to follow this corridor.”
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