RIO - Exploring Mining Podcast Episode 158
Point Roberts, WA and Delta, BC - April 8, 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.
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Exploring Mining Podcast Episode 158 - News from (NYSE: RIO) (TSX: CXB) (NYSE: EGO) (TSXV: QMX) (NYSE: EXK) (TSXV: SPOT)
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Rio Tinto Group ( NYSE:RIO ) and Calibre Mining Corp. ( TSX:CXB ) have provided an update on the Borosi exploration project held under an earn-in option agreement between both companies. Located in the prolific Mining Triangle region of northeastern Nicaragua, the Borosi exploration program is being directed by Rio Tinto Exploration (RTX) through a partnership agreement with Calibre as the project operator. Highlights from the update include plans for and initial 5,500 metres of diamond drilling in 2021. Calibre President and CEO, Darren Hall, commented:
"Partnering with Rio Tinto, a global mining industry leader, provides a significant opportunity to leverage the discovery potential of our large portfolio of base metals properties while we continue to focus on growing gold resources within our 100% owned exploration and operating properties in support of our 'Hub-and-Spoke' operating model."
Eldorado Gold Corporation ( NYSE:EGO ) has announced the acquisition of all of the outstanding common shares of QMX Gold Corporation ( TSXV:QMX ). This renders QMX as a wholly-owned subsidiary of Eldorado. George Burns, Eldorado's President and CEO, said:
"We are very pleased to complete the acquisition of QMX, which significantly increases Eldorado's position in the Abitibi Greenstone Belt and is consistent with our strategy to invest in world-class mining jurisdictions. Eldorado is a committed partner for mining in Quebec, with exploration and operational success across our Lamaque operations. The addition of QMX to our portfolio opens a range of opportunities to expand our activities in the region and to leverage our existing infrastructure and Eldorado's strong operational, exploration and stakeholder expertise."
Endeavour Silver Corp. ( NYSE:EXK ) has reported first quarter 2021 production results, including the production of 1,048,100 silver ounces and and 11,109 gold ounces for silver equivalent production of 1.9 million ounces at an 80:1 silver:gold ratio. This represents a 22 percent increase in silver production over Q1 2020, and a 31 percent increase in gold production over the same period.
GoldSpot Discoveries Corp. ( TSXV:SPOT ) has reported earnings for the quarter and year ended December 31, 2020. Highlights include consulting revenue of $5,170,044 for the year, up 123 percent from $2,311,978 the previous year, and a net income and comprehensive income of $10,363,379 for the year, up from a net loss and comprehensive loss of $4,689,081 for the year prior. Denis Laviolette, Executive Chairman and President of GoldSpot, said:
"Financially, GoldSpot ended 2020 with record revenue, net income, cash and investment balances to date. Our team rose to the challenge and worked together to deliver our strongest performance to date as well as capitalize on many new growth opportunities driven by our technological achievements and in-house innovation."
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