Vancouver, Kelowna, Delta, BC – July 14, 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 288 – News from (NYSE: RIO) (NYSE: GOLD) (NYSEAmerican: BTG) (NYSE: OR)
Rio Tinto Group (NYSE:RIO) has announced that it is investing $188 million USD ($240 million CAD) to increase the production capacity for low-carbon, high value aluminium billets at its Alma smelter in Lac-Saint-Jean, Quebec by 202,000 metric tonnes. Construction on the plant expansion will begin in May 2023, with commissioning expected in the first quarter of 2025. Sebastien Ross, Managing Director of Rio Tinto Aluminium’s Atlantic operations, said:
“This expansion of our low carbon aluminium billet production capacity in Quebec will allow us to better meet our customer’s growing demand for high quality alloys and value-added products made with renewable hydroelectricity. This new capacity will help to strengthen the position of our Alma smelter…”
Barrick Gold Corporation (NYSE:GOLD) has reported its preliminary sales for the second quarter of 2022. Highlights include the sale of 1.04 million ounces of gold, 113 million pounds of copper, as well as the production of 1.04 million ounces of gold and 120 million pounds of copper. According to the press release, “Barrick’s gold production in 2022 is expected to increase through the year, and with the stronger Q2 performance, it remains on track to achieve 2022 gold and copper guidance.”
B2Gold Corp. (NYSEAmerican:BTG) has announced its gold production and gold revenue for the second quarter and first half of 2022. Total gold production for Q2 was 223,623 ounces (432,988 ounces for the first half of the year) and consolidated gold revenue for Q2 was $382 million ($748 million for the first half of the year). According to the press release, the company “remains well positioned for continued strong operational and financial performance and remains on track to achieve its total gold production guidance of between 990,000 and 1,050,000 ounces”
Osisko Gold Royalties Ltd. (NYSE:OR) has shared an update on its second quarter 2022 deliveries, revenues, cash margins and recent asset advancements for its royalty and stream segment. According to the press release, the company “earned approximately 22,240 attributable gold equivalent ounces in the second quarter of 2022,” and “had record preliminary revenues from royalties and streams of $51.5 million CAD during the second quarter.” Sandeep Singh, President and CEO of Osisko, said:
“Our royalty and streaming portfolio delivered records on a number of fronts in Q2 including GEO deliveries and absolute cash margins. We continue to expect further increases in deliveries in the second half of the year as ramp-ups at Mantos and Eagle progress towards nameplate capacity. In a period of heightened volatility in the mining sector, and rising costs across all facets of the economy, our inflation protected business model continues to thrive.”
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