Point Roberts, WA and Delta, BC - January 9, 2020 (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.
Listen to the podcast:Exploring Mining Podcast: News from (NYSE: NEM) (TSX: MIN) (TSXV: PDM) (TSXV: BHT)
Newmont Corporation (NYSE:NEM) is transferring mining leader Jim Cooper, General Manager of Boddington in Australia, to lead the Peñasquito mine in Mexico. Tom Palmer, Newmont's President and CEO, commented:
"Under Jim's leadership, Boddington has delivered step-change improvements in safety, mill throughput and recovery, mine plan sequencing and execution. Boddington's scale and processing characteristics are similar to Peñasquito's, making Jim uniquely qualified to replicate Boddington's consistently strong performance at Peñasquito in Mexico."
Excelsior Mining Corp. (TSX:MIN) has announced an update on operations at the Gunnison Copper Project in southern Arizona. Among other things, the update indicates that initial copper recovery grades are higher than the feasibility study expectations. Stephen Twyerould, President and CEO, said:
"We have the newest, most orderly, and technologically advanced in-situ recovery wellfield on the planet, and to date, it is functioning better than anticipated. We look forward to updating the market on our progress as we complete the transition to producer status."
Palladium One Mining Inc. (TSXV:PDM) has entered into a binding Letter of Intent to buy back an existing 2 percent Net Smelter Return royalty on the Haukiaho deposit of the palladium dominant, LK project in Finland. Company President and CEO Derrick Weyrauch explained:
"The historic Haukiaho deposit is now royalty free. Buying back the existing royalty on Haukiaho eliminates a dilutive overhang on the project while also providing future optionality."
According to the press release:
The terms of the royalty buyback include a cash payment of C$50,000 and issuance of 375,000 common shares of the Company on closing. The transaction is expected to close this month, and is subject to definitive documentation, customary terms, conditions for a transaction of this nature and TSX Venture Exchange approval.
Braveheart Resources Inc. (TSXV:BHT) is planning to begin drilling from underground workings at the Bull River Mine project, "to test the down dip extension of the vein systems under the current workings." The press release indicates that:
The Bull River Mine project has an indicated resource of 1.51 million tonnes of copper, gold and silver mineralized material with an average copper equivalent grade of 2.263% CuEq based on a cut off grade of 1% CuEq. Additionally, the project has an inferred resource of 340,000 tonnes at 1.86% CuEq based on a cut off grade of 1% CuEq.
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