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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 321 - News from (NYSE: RIO) (NYSE: GOLD) (NYSE: SA) (TSXV: CVV)
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Rio Tinto (nyse:rio ) has published its fourth quarter and full year production results for 2022. Highlights include the production of 324.1 million tonnes of Pilbara iron ore, 54.6 million tonnes of bauxite, and three million tonnes of aluminum. Jakob Stausholm, the company's CEO, said:
'A number of operational records were achieved in the second half across the Pilbara iron ore mine and rail system. Deployment of our Safe Production System resulted in improved performance at those sites and overall production was higher versus 2021 across all commodities, with the exception of aluminium and alumina.'
Barrick Gold Corporation (nyse:gold ) has reported its preliminary full year and fourth quarter 2022 production results. Highlights include preliminary gold production for the full year of 4.14 million ounces and preliminary copper production of 440 million pounds. The company also reported Q4 sales of 1.11 million ounces of gold and 99 million pounds of copper.
Seabridge Gold Inc. (nyse:sa ) has announced the completion of drilling as well as assay results received from its limited 2022 drill program. According to the press release, the 'program commenced in mid-September for the company's 100 percent-owned 3 Aces project, and 'as one of the permit conditions requires that drilling cease each year at the end of October, only four holes were drilled.' Rudi Fronk, Seabridge's Chairman and CEO, said:
'We were hoping to accomplish more in 2022, but the late start and challenging conditions slowed progress. Initial results indicate that our new model, with further modifications, should resolve many of the continuity questions at 3 Aces. Although only limited data acquisition was accomplished in this program we are confident we have moved closer to our goal of defining a large resource in coming seasons.'
CanAlaska Uranium Ltd. (tsxv:cvv ) has announced its newly acquired Frontier project, totalling 15,929 hectares, in the northeastern Athabasca Basin. The company's CEO, Cory Belyk, explained:
'This is a very exciting new project generated by our talented geologists along one of the most important mineralized corridors in the eastern Athabasca Basin near critical milling infrastructure. The Roughrider uranium deposit discovery was one of the most important in the last uranium cycle anywhere in the world reigniting interest in the northeastern area of the Basin. The Frontier project is a geological extension of the Roughrider Mineralized Corridor and has never had modern survey methods applied toward basement-hosted uranium deposit discovery.
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