Vancouver, Kelowna, Delta, BC – May 19, 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 275 – News from (NYSE: AA) (NYSEAmerican: MAG) (TSXV: ELE) (TSXV: GSHR)
Alcoa Corporation (NYSE:AA) has signed a contract for renewable energy to support the planned restart in 2024 of aluminum smelting at the San Ciprian smelter in Spain. The company had previously announced a two-year curtailment of aluminum smelting at the site in December, 2021, in response to high energy prices. Alvaro Dorado Baselga, Vice President Global Energy in Alcoa and President of Alcoa in Spain, said:
“This power contract is a very important step for the long-term viability of San Ciprian. We are working to fulfill our commitments to the workers’ representatives, and the support of the government in the development of the necessary energy framework remains vital.”
MAG Silver Corp. (NYSEAmerican:MAG) has announced its unaudited financial results for the three months ended March 31, 2022. Highlights for the quarter include the processing of 145,484 tonnes of mineralized development and stope material through the Fresnillo and Saucito plants, with “2,238,810 payable silver ounces, 5,345 payable gold ounces, 1,066 tonnes of lead and 1,448 tonnes of zinc produced and sold.” The company also reported a net income of $2,680,000 for the quarter.
Elemental Royalties Corp. (TSXV:ELE) has posted its operating and financial results for the three months ended March 31, 2022. Highlights include a quarterly revenue of $2.2 million generated across five diversified royalties, and record quarterly gold production at Capricorn’s Karlawinda mine. Frederick Bell, CEO of Elemental, said:
“Alongside a solid quarter of production across our royalties, we are particularly excited to see exploration underway across some of our major assets that will continue to demonstrate the upside potential for shareholders at no cost to Elemental.”
Goldshore Resources Inc. (TSXV:GSHR) has announced that it is working with Dr. Russell Birrell of Globex on implementing his ionic leach soil sampling technique to enable the detection of bedrock anomalies beneath muskeg swamp and glacial till at the company’s Moss Lake project. Peter Flindell, Vice President Exploration, explained
“I have worked with Dr. Birrell and the ionic leach technique in Scotland where we successfully identified several mineralized targets. This technique is well suited to the type of cover at Moss Lake and I look forward to reviewing the first results over the QES Zone. The ionic leach program will continue throughout the 2022 summer field season and focus on the targets developed from last year’s VTEM/magnetics survey. This will help us to rank and rate all targets, and to prioritize the scout drilling program, outside the historical Moss Lake deposit.”
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