Point Roberts, WA and Delta, BC – April 27, 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 162 – News from (NYSE: GOLD) (NYSE: FSM) (TSX: ROXG) (TSXV: GGO) (TSXV: RG) (TSXV: TUF)
Barrick Gold Corporation (NYSE:GOLD) has reported that Loulo-Gounkoto, its giant gold complex, has reached the first mining level in its third underground mine, and is scheduled to start delivering ore tonnes to the plant during the current quarter. The company has also begun a prefeasibility study on two other mines on the complex. Barrick CEO Mark Bristow said:
“Loulo-Gounkoto remains a pillar of the Malian economy as well as a driver of local economic development. Over the past 24 years, Barrick and its legacy company Randgold Resources have contributed $7.7 billion to the economy, of which $3 billion went to the state in the form of dividends, taxes and royalties. Our long partnership with the country and its people is a testament to how mutually beneficial a relationship of this kind can be.”
Fortuna Silver Mines Inc. (NYSE:FSM) and Roxgold Inc. (TSX:ROXG) have entered into a definitive agreement in which Fortuna will acquire all the issued and outstanding securities of Roxgold pursuant to a plan of arrangement. A comment from Jorge A. Ganoza, the President and CEO of Fortuna, outlines potential benefits of the business combination:
“The combined company will be in a stronger position to continue accelerating the development of the Seguela gold Project at a lower cost of capital and aggressively pursuing the potential of a most exciting exploration pipeline in West Africa and Latin America. At Fortuna, we have known and followed the success of the Roxgold team for a number of years, from their early start at Yaramoko, and now look forward to working together and continuing to deliver value to our shareholders through the advancement of our assets and discovery.”
Galleon Gold Corp. (TSXV:GGO) has announced additional Zone #9 intercepts from its 100 percent-owned West Cache Gold Project, in Timmins, Ontario. Hole 173, for instance, intersected 9.37 g/t Au over 6.0 m including 13.19 g/t Au over 4.0 m, and Hole 149 intersected 3.17 g/t Au over 2.1 m including 4.31 g/t Au over 1.1 m.
Honey Badger Silver Inc. (TSXV:TUF) According to the press release, “Honey Badger’s numerous silver assets in the district provide a greater opportunity to eventually sustain a central mill that could process ore from the numerous prospects concentrated in the area,” and “By retaining a 20% interest in its claims, Romios maintains exposure to the potential production from these prospects.”
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