Vancouver, Kelowna, Delta, BC – March 3, 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.
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Exploring Mining Podcast 252 – (NYSE: MT) (NYSE: KGC) (NYSE: MUX) (NYSEAmerican: GPL) (TSXV: APN)
ArcelorMittal (NYSE:MT) has announced its decision to halt its steelmaking operations in Kryvyi Rih, Ukraine so as to ensure the safety and security of its people and assets. This follows a reduction at the plant to approximately one-third of its normal production levels while the company evaluated the situation on a daily basis.
Kinross Gold Corporation (NYSE:KGC) is suspending all activities at its Udinsk development project, is is also in the process of suspending operations at its Kupol mine in Russia, “with the focus on the safety and well-being of its more than 2,000 employees and in recognition of its obligations to manage and mitigate the mine’s environmental impact on an ongoing basis.”
McEwen Mining Inc. (NYSE:MUX) has reported its fourth quarter and full year results for the period ended December 31, 2021. Highlights include the annual production of 154,410 gold equivalent ounces, and $63.5 million in cash and liquid assets as of the year’s end. For 2022, the company has increased its gold equivalent production guidance from 153,000 to 172,000 gold equivalent ounces (GEOs).
Great Panther Mining Limited (NYSEAmerican:GPL) has shared the consolidated financial results for the year ended December 31, 2021 from its three wholly-owned primarily silver mines: the Tucano Gold Mine in Brazil, and Topia and the Guanajuato Mine Complex in Mexico. Alan Hair, Great Panther’s Chair and Interim CEO, explained:
“The team at Great Panther has worked incredibly hard to overcome the challenges of last year, and we are now positioned to execute the plan to return Tucano to steady-state production in 2022. Last year saw a record exploration budget, particularly at Tucano, successfully defining near-mine and underground resources that will enable us to accelerate development of a new underground mine in 2022. Health and safety initiatives remained our top priority against the backdrop of the ongoing global pandemic and we took measures to preserve liquidity while safeguarding future production. This year we will invest further into our land package in Brazil and remain focused on our mandate for sustainable growth through results-driven exploration programs to replace resources, extend mine life and make new discoveries.”
Altiplano Metals Inc. (TSXV:APN) has provided an update on the exploration activities at its newly optioned Pastillas gold exploration project in the Maricunga Gold Belt of the Atacama region in northern Chile. The company’s CEO Alastair McIntyre said:
“We are excited to get boots on the ground in the Maricunga Gold District of Chile and begin our field work program at Pastillas. Our initial mapping program will provide guidance for future sampling programs, geophysical surveys with the goal of ultimately identify potential drill targets.”
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