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Exploring Mining Podcast 278 – News from (NYSE: GFI) (NYSE: AUY) (NYSE: NEM) (TSXV: ARIC) (NYSEAmerican: GPL) (TSXV: FIND)

Vancouver, Kelowna, Delta, BC – May 31, 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.

Exploring Mining has been selected by Feedspot panelist as one of the Top 25 Mining Podcasts on the web.

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Exploring Mining Podcast 278 – News from (NYSE: GFI) (NYSE: AUY) (NYSE: NEM) (TSXV: ARIC) (NYSEAmerican: GPL) (TSXV: FIND)

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Gold Fields Limited (NYSE:GFI) has entered into a definitive agreement to acquire all of the outstanding common shares of Yamana Gold Inc. (NYSE:AUY). Chris Griffith, the CEO of Gold Fields, explained:

“Today’s announcement is the result of a robust and extensive process carried out by the Gold Fields’ Board and management team to identify the optimum solution to support our revised strategy. Yamana’s high-quality asset base in the Americas and strong development and exploration pipeline will further diversify the geography of our portfolio, creating a top-4 global gold major, well positioned to deliver long-term value creation. Combined, Gold Fields will boast an industry leading portfolio of high-quality, long-life flagship assets that span some of the world’s most established gold mining jurisdictions.”

Newmont Ventures Limited, a wholly owned subsidiary of Newmont Corporation (NYSE:NEM), has announced a strategic investment in Awale Resources Limited (TSXV:ARIC). This also includes a venture option on the latter’s Odienne Project in northwest Cote d’Ivoire, which currently boasts “two primary targets for world-class discoveries: i) the gold-rich Empire corridor and ii) the recently defined Sceptre Iron Oxide Copper Gold.” Awale Resources CEO Glen Parsons said:

“Awale is a team of proven and active explorers in highly prospective underexplored regions, and I am thrilled that the Odienne Project has attracted Newmont, the world’s largest gold producer. We have always considered Odienne has the potential to produce a Tier One asset which, based on work performed to date, is now supported by Newmont through this transaction. Our shareholders can share in the delivery of a project of this potential scale.

Great Panther Mining Limited (NYSEAmerican:GPL) has reported drill results for an additional 29 holes at the Urucum North (URN) underground project at the company’s wholly owned Tucano Gold Mine in Brazil. The company’s Interim CEO, Alan Hair, commented:

“The zones of deeper, higher-grade mineralization being delineated at Urucum North demonstrate the potential for additional production from these underground resources in parallel with open pit operations at Tucano. In addition to the Urucum North underground zone, exploration has identified several similar potential high-grade zones associated with other pits along the seven-kilometre belt, which may also support underground production and warrant additional drilling. Drill results from the Urucum North underground will be incorporated into an updated underground resource estimate.”

Baselode Energy Corp. (TSXV:FIND) has shared an update for the ongoing 20,000 metre diamond drilling program on the ACKIO high-grade uranium discovery, Hook project, in the Athabasca Basin area of northern Saskatchewan, Canada. Highlights include drill hole AK22-051, which intersected 2,320 cps over 30.1 m at 27.0 m, and AK22-047, which intersected 5,229 cps over 7.35 m at 140.65 m.

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