Vancouver, Kelowna, Delta, BC – March 22, 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.
Listen to the podcast:
Exploring Mining Podcast 258 (NYSE: GOLD) (NYSE: MT) (NYSEAmerican: ASM) (NYSE: CDE) (NYSEAmerican: AXU)
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Barrick Gold Corporation (
NYSE:GOLD
) has
reached
an agreement with the governments of Pakistan and Balochistan regarding the reconstitution of the Reko Diq project in the province of Balochistan in Pakistan. According to the press release, Reko Diq “hosts one of the world’s largest undeveloped open pit copper-gold porphyry deposits.” Mark Bristow, Barrick’s President and CEO, said:
“Barrick has successfully partnered with host countries worldwide and our philosophy of sharing the economic benefits our mines generate equitably with core stakeholders is also evident in the ownership structure of the new Reko Diq. This is a unique opportunity for substantial foreign investment in the Balochistan province and will bring enormous direct and indirect benefits not only to this region but also to Pakistan for decades to come. In addition to local employment and skills development, local procurement, infrastructure upgrades and improved medical and education systems, Reko Diq could also be the springboard for further exploration and other mineral discoveries along the highly prospective Tethyan Metallogenic Belt.”
ArcelorMittal (
NYSE:MT
) has
established
a strategic partnership with Indian energy transition company Greenko Group, to develop a renewable energy project with 975 MW of nominal capacity. Aditya Mittal, the CEO of ArcelorMittal, said:
“Large amounts of green energy are one of the key foundations for both a net zero economy and a decarbonised steel industry. We are excited about the potential of replicating this model in other regions. It demonstrates how establishing partnerships and collaborating across the supply chain can help us to progress faster towards our decarbonisation targets.”
Avino Silver & Gold Mines Ltd. (
NYSEAmerican:ASM
) has
closed
the acquisition of the La Preciosa property in Mexico from Coeur Mining, Inc. (
NYSE:CDE
). The La Preciosa property, according to the press release, “hosts one of the largest undeveloped primary silver resources in Mexico and is located adjacent to Avino’s existing operations at the Avino Property.” David Wolfin, President & CEO of Avino, said:
“The closing of the acquisition of La Preciosa represents a major milestone for Avino as we advance our growth strategy to augment Avino to an intermediate silver producer with a large silver resource base. Now that the Transaction is complete, we can fully assess how to optimally integrate this large, high-quality silver project into our mine plan and leverage our existing processing facilities and infrastructure.”
Alexco Resource Corp. (
NYSEAmerican:AXU
) has
shared
its financial results for the fourth quarter and year ended December 31, 2021. Highlights include mining operations revenue of $2.81 million CAD for Q4 2021, and $19 million CAD for the full year. Clynton Nauman, Chairman and CEO of Alexco, said:
“We are in the ore at both of our new mines, our capital improvements at the mill and across the district have been completed, and our silver production is just now starting to ramp up. In 2022 we will also be undertaking a 15,000 meter surface drilling program focused on identifying and testing new prospective areas adjacent to the Bermingham deposit, especially areas projected to contain structural characteristics and architecture similar to our discovery at Bermingham.”
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