Exploring Mining Podcast #238: OTGO, HL, IAG, NGD, EXK, SSRM

Point Roberts, WA and Delta, BC – January 13, 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. Today’s podcast was sponsored by

O2Gold Inc.

(

TSXV:


OTGO

), a mineral exploration company with activities in Colombia.

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https://www.investorideas.com/Audio/Podcasts/2022/011322-Mining.mp3

Exploring Mining Podcast #238 – (TSXV: OTGO) (NYSE: HL) (NYSE: IAG) (NYSE: NGD) (NYSE: EXK) (Nasdaq: SSRM)

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Hecla Mining Company (

NYSE:HL

) has

shared

its preliminary silver and gold production for the fourth quarter and full year 2021, as well as its year-end cash position. Highlights include annual silver and gold production of 12.9 million ounces and 201,326 ounces, respectively, and a year-end cash position of about $210 million. Phillips S. Baker, Jr., the company’s President and CEO, explained:

“All three mines reported strong production with significant production growth at Lucky Friday and Casa Berardi. Lucky Friday increased production by 75% over the prior year primarily because in 2021 the mine was in full production for the entire year. In the fourth quarter, the expected higher silver grades and benefits of the new mining method delivered a 15% increase over the third quarter. The 2020 and 2021 investments helped Casa Berardi produce 11% more gold ounces than in 2020 and 25% more than in the third quarter. At Greens Creek, silver grades improved after resolving the third quarter mine sequencing issues, as a result fourth quarter production was 2.3 million ounces of silver and over 9 million ounces for the year.”

IAMGOLD Corporation (

NYSE:IAG

) has

reported

its preliminary full year and fourth quarter 2021 operational results, and a 2022 operational outlook. Results highlights include an attributable gold production of 601,000, and ending the year with $545 million in cash and cash equivalents. The company’s operational guidance for 2022 includes an attributable gold production of 570,000 to 640,000 ounces, sustaining capital expenditures of $310 million, and exploration expenditures of approximately $35 million.

New Gold Inc. (

NYSEAmerican:NGD

) has

shared

its fourth quarter and annual operational results as of December 31, 2021. Total production for Q4 was 111,574 gold equivalent ounces, comprising 81,072 ounces of gold, 214,030 ounces of silver and 14.2 million pounds of copper. The year’s total was 418,933 gold equivalent ounces. Renaud Adams, the company’s President & CEO, said:

“2021 was not without its challenges for New Gold, but we continued to execute on our plans, with the fourth quarter representing our strongest quarter of the year, allowing us to meet our updated consolidated gold equivalent production guidance. Rainy River’s fourth quarter production was up 16% compared to the third quarter, representing Rainy River’s strongest quarter over the last two years, despite a 3-day mill shutdown in December, mainly driven by improved grade due to lower contribution from the East Lobe. At New Afton, the team was able to execute on its plans and achieved both gold and copper production guidance.”

Endeavour Silver Corp. (

NYSE:EXK

) has

entered

into a definitive agreement to purchase the Pitarrilla project in Durango State, Mexico by acquiring all of the issued and outstanding shares of SSR Durango, S.A. de C.V. from SSR Mining Inc. (

NasdaqGS:SSRM

) for total consideration of $70 million and a 1.25 percent net smelter returns royalty. Endeavour’s CEO, Dan Dickson, said:

“We now have a tremendous growth pipeline, which in addition to Pitarrilla includes the Terronera and Parral projects, in a country where we have extensive experience and expertise. While Terronera is the next project to be developed, we anticipate that Pitarrilla will be a significant asset in our portfolio and may take priority over the advancement of Parral. We will be in a position to make such a decision once we complete further drilling and analyze the economics of various scales and options for production.”

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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