KL - Exploring Mining Podcast 206: OTGO MT AEM KL EGO MTU

Point Roberts, WA and Delta, BC - September 28, 2021 (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. Today's podcast was sponsored by O2Gold Inc. ( TSXV: OTGO ), a mineral exploration company with activities in Colombia.

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ArcelorMittal ( NYSE:MT ) has signed a letter of intent with the governments of Belgium and Flanders, for a €1.1 billion ($1.28 billion USD) project to build a 2.5 million-tonne direct reduced iron (DRI) plant at its site in Gent, and two new electric furnaces. This investment, according to the press release, "will result in a reduction of around three million tonnes of CO2 emissions each year," by 2030, and makes up part of the company's transition to net-zero steelmaking.

Agnico Eagle Mines Limited ( NYSE:AEM ) has entered into an agreement with Kirkland Lake Gold Ltd. ( NYSE:KL ) to combine in a merger of equals under the name "Agnico Eagle Mines Limited". According to the press release, this merger "will establish the new Agnico Eagle as the gold industry's highest-quality senior producer, with the lowest unit costs, highest margins, most favourable risk profile and industry-leading best practices in key areas of environmental, social and governance." Sean Boyd, Agnico Eagle's CEO, explained:

"Kirkland Lake is an excellent cultural fit with Agnico Eagle, and we look forward to working together to further grow our business through exploration, mine development and optimization of our high-quality asset base. Over time, we believe that the gold industry will continue to evolve and consolidate and with this transaction we are well positioned to take advantage of high-quality opportunities and be a true Canadian mining champion."

Eldorado Gold Corporation ( NYSE:EGO ) has reported results from exploration at the Lamaque and Efemcukuru operations, yielded from resource conversion drilling, step-out drilling of existing resources and testing new near-mine targets. George Burns, President and CEO of Eldorado Gold, said:

"The strong drill results build on the ongoing success of our exploration programs at the Lamaque and Efemcukuru operations. The infill and step-out drilling at Ormaque highlights the quality and growth potential of this recent new discovery, and our teams are rapidly advancing a range of exploration opportunities within the land package obtained through the acquisition of QMX, key to our Canadian growth strategy."

Manitou Gold Inc. ( TSXV:MTU ) has identified a new gold zone, on its Goudreau project in northeastern Ontario, Canada, called the Bald Eagle Gold Zone (BEGZ). This zone includes hole MTU-21-41, which intersected 3.3 g/t Au over 3.0 m, including 5.2 g/t Au over 1.5 m within a wider gold mineralized interval of 20.6 m at 0.8 g/t Au, and hole MTU-21-39, which intersected 1.4 g/t Au over 9.0 m and 2.8 g/t Au over 1.4 m within a wider gold mineralized interval of 22.8 m at 0.9 g/t Au.

Exploring Mining Podcast Sponsor

O2Gold Inc . ( TSXV: OTGO ) is a mineral exploration company with activities in Colombia. O2 Gold is focused entirely on the exploration of the Otu Fault project, with senior management based in nearby Medellin. The team's deep roots and experience in Latin America-in both capital markets and mining-gives it the regional knowledge and operational expertise to create a world-class project.

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