Vancouver, Kelowna, Delta, BC – March 9, 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 254 – News from (ASX: NCM) (NYSE: PVG) (NYSE: AA) (NYSE: KGC) (NYSEAmerican: MMX)
Newcrest Mining Limited (ASX:NCM) has completed the acquisition of Pretium Resources Inc. (NYSE:PVG), owner of the Brucejack mine in British Columbia, Canada. Following on from this, Pretium will be delisted from the New York Stock Exchange and Toronto Stock Exchange. Sandeep Biswas, CEO of Newcrest, commented:
“We are very excited to add Brucejack to Newcrest’s portfolio, which now includes exposure to six Tier 1 assets. Through this acquisition and the continued development of our outstanding organic growth pipeline, Newcrest’s base case gold production is expected to remain strong until at least 2030, and we have a range of further upside opportunities being progressed across the portfolio. This production profile is also expected to drive a major reduction in All-In Sustaining Costs, which makes Newcrest unique in the industry.”
Alcoa Corporation (NYSE:AA) has announced the completion of an energy infrastructure project at its Deschambault aluminum smelter in Quebec, Canada. This is a capital project aimed at improving stability, increasing efficiency, and boosting production at the site. John Slaven, Alcoa’s Executive Vice President and COO, said:
“Through continuous improvement, we have been able to economically increase the capabilities of many of our assets, and this capital project at Deschambault should help us meet the strong demand we’re seeing for sustainably produced aluminum. We appreciate the dedication of our employees and the strong support from our stakeholders, including the investment from the Government of Canada.”
Kinross Gold Corporation (NYSE:KGC) has poured the first gold bar at its La Coipa project in Chile. At the end of last year, the company increased La Coipa’s expected life of mine production by 45 percent to roughly 1 million gold equivalent ounces, and also signed a power purchase agreement late last year to supply the project with 100 percent renewable power. Kinross’s President and CEO, J. Paul Rollinson, said:
“Our team has safely delivered the project on schedule and under budget despite the challenging operating environment caused by the global pandemic over the past two years. With La Coipa expected to reach full operating capacity by mid-year, we are on the cusp of further exciting milestones at the project.”
Maverix Metals Inc. (NYSEAmerican:MMX) has acquired a package of three royalties on gold projects in Nevada from “an indirect, wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP for a $5 million cash payment.” The company’s CEO, Dan O’Flaherty, said:
“This royalty package fits Maverix’s strategy perfectly. The properties have excellent exploration and development potential for gold in a great jurisdiction while, uniquely, providing immediate cash flow via advance royalty payments while the projects continue to be advanced.”
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