Minerals

California Resources Corporation Provides Comment on Market Speculation

Retrieved on: 
Friday, March 27, 2020
Professional services, Mining, Minerals, Oil, Gas, Energy, Finance, Natural Resources

We have significant operating flexibility and are focusing on controlling what we can control, including reducing our capital program and operating costs.

Key Points: 
  • We have significant operating flexibility and are focusing on controlling what we can control, including reducing our capital program and operating costs.
  • California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis.
  • CRC operates its world-class resource base exclusively within the State of California, applying complementary and integrated infrastructure to gather, process and market its production.
  • Using advanced technology, California Resources Corporation focuses on safely and responsibly supplying affordable energy for California by Californians.

Sierra Metals Announces 13-day Extension to the Suspension of Its Yauricocha Mining Operations in Accordance With the Government Extension of Its Declaration of a State of Emergency to Contain the Advancement of the COVID-19 Virus in Peru

Retrieved on: 
Friday, March 27, 2020
Mining, Minerals, Natural Resources, Metals, Polymetal, Mining

Our team continues to be focused on the health and safety of our workforce.

Key Points: 
  • Our team continues to be focused on the health and safety of our workforce.
  • The Company also expects the government processes related to permitting applications to be deferred during this state of emergency.
  • Sierra Metals is a Canadian based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and it's Bolivar and Cusi Mines in Mexico.
  • For the reasons set forth above, one should not place undue reliance on forward-looking information.

Freeport-McMoRan Provides Update on Cerro Verde Mine in Peru

Retrieved on: 
Thursday, March 26, 2020
Mining, Minerals, Natural Resources, Cerro Verde, Freeport-McMoRan, Companies, Arequipa, Arequipa Region, Cerro Verde mine

Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable Cerro Verde to conduct limited operations during the state of emergency and position Cerro Verde for a return to normal operations as restrictions are lifted.

Key Points: 
  • Cerro Verde is engaged in discussions with Peruvian government authorities regarding health protocols which would enable Cerro Verde to conduct limited operations during the state of emergency and position Cerro Verde for a return to normal operations as restrictions are lifted.
  • Cerro Verde is a major contributor to the national and local economy and is one of the largest employers in the Arequipa region.
  • Freeport-McMoRan owns 53.56% of Cerro Verde, which operates one of the worlds largest concentrating facilities near Arequipa, Peru.
  • In 2019, Cerro Verde produced 1.0 billion pounds of copper and 29 million pounds of molybdenum.

Royal Gold Provides Update on Mount Milligan and Issues Update on Impacts of COVID-19

Retrieved on: 
Thursday, March 26, 2020
Infectious diseases, Health, Natural Resources, Mining, Minerals, Centerra Gold, Royal Gold, Companies

Royal Gold, Inc. (NASDAQ: RGLD) (Royal Gold or the Company) today provided an update on Mount Milligan and a summary of recent events resulting from the impact of COVID-19.

Key Points: 
  • Royal Gold, Inc. (NASDAQ: RGLD) (Royal Gold or the Company) today provided an update on Mount Milligan and a summary of recent events resulting from the impact of COVID-19.
  • Centerra Gold Inc. (Centerra) today published an updated National Instrument 43-101 (NI 43-101) technical report for the Mount Milligan Mine, which provides a detailed update to the life of mine plan contained in the previous 43-101 report for the Mount Milligan Mine published by Centerra in 2017.
  • As of December 31, 2019, Royal Gold has recognized a total of $679.2 million in revenue, or $458.8 million of revenue net of cash payments for gold and copper received, from its $781.5 million investment in Mount Milligan.
  • Rainy River contributed approximately $7.6 million, or 6.1% of total revenue, to Royal Gold during the quarter ended December 31, 2019.

Minnesota Supreme Court will hear appeal on three PolyMet permits

Retrieved on: 
Wednesday, March 25, 2020
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Polymet Mining Corporation, Environmental impact of mining, Companies, NorthMet Deposit, Economy of the United States, PolyMet Mine

The Minnesota Supreme Court today granted review of a Minnesota Court of Appeals ruling on the NorthMet Permit to Mine and dam safety permits, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (together PolyMet or the company) TSX: POM; NYSE American: PLM.

Key Points: 
  • The Minnesota Supreme Court today granted review of a Minnesota Court of Appeals ruling on the NorthMet Permit to Mine and dam safety permits, according to Poly Met Mining, Inc., a wholly owned subsidiary of PolyMet Mining Corp. (together PolyMet or the company) TSX: POM; NYSE American: PLM.
  • PolyMet and the Department of Natural Resources (DNR) had petitioned the Supreme Court in February to overturn the lower courts January 13 ruling, which remanded the three permits to the DNR for a contested case hearing.
  • The court of appeals interpretation of the statute creates tremendous uncertainty for companies who want to invest in Minnesota and must seek permits from the DNR and Pollution Control Agency.
  • We are looking forward to presenting our case to the Minnesota Supreme Court.

Newmont Announces Moving to a Virtual Meeting for 2020 Annual Meeting of Stockholders

Retrieved on: 
Wednesday, March 25, 2020
Mining, Minerals, Natural Resources, Shareholders, Meetings, Newmont Goldcorp, Annual general meeting, Proxy, Companies, Organizations

Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) provided notice today of an update to the location for the Companys 2020 Annual Meeting of Stockholders via the filing of additional proxy materials with the SEC.

Key Points: 
  • Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) provided notice today of an update to the location for the Companys 2020 Annual Meeting of Stockholders via the filing of additional proxy materials with the SEC.
  • Due to the emerging public health impact of the COVID-19 pandemic, Newmonts 2020 Annual Meeting of Stockholders (Annual Meeting) will be held in a virtual only meeting format on Tuesday, April 21, 2020, at 8:00 a.m. Mountain Time.
  • We expect this modification in meeting format to be effective for this year only and to revert back to an in-person annual meeting in future years after public health conditions have improved.
  • Whether or not you plan to virtually attend the Annual Meeting, please vote as soon as possible by one of the methods described in the proxy materials for the Annual Meeting to ensure that your shares are represented and voted at the Annual Meeting.

Montage Resources Corporation Announces $45 Million Reduction in 2020 Capital Spending, Reiterates Full Year 2020 Production, and Enacts Strategic Shift in 2020 Production Mix

Retrieved on: 
Wednesday, March 25, 2020
Other Natural Resources, Mining, Minerals, Forest Products, Other Energy, Nuclear, Utilities, Natural Resources, Oil, Gas, Coal, Alternative energy, Energy, U.S. Securities and Exchange Commission, 73rd United States Congress, Communication, Forward-looking statement, Securities Act, Securities Exchange Act, Stock exchange, Units of time, Decades, Economy of the United States

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.

Key Points: 
  • This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
  • These forward-looking statements are based on Montage Resources current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events.
  • This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that Montage Resources or persons acting on its behalf may issue.
  • Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

ALROSA Launches Digital Tender for Large Rough Diamonds

Retrieved on: 
Wednesday, March 25, 2020
Minerals, Mining, Continents, Alrosa, Diamond, Blood Diamond

MOSCOW, March 25, 2020 /PRNewswire/ --ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats).

Key Points: 
  • MOSCOW, March 25, 2020 /PRNewswire/ --ALROSA has launched a digital tender for special size rough diamonds (over 10.8 carats).
  • Due to the global situation, the company decided to cancel the upcoming special size auctions, simultaneously offering customers an opportunity to take part in a digital tender.
  • Digital tender is based on the technology that provides customers with a full digital scan of each rough diamond for detailed analysis.
  • Digital scans allow selecting rough diamonds the customer wants to purchase before he comes to the office.

Materion Corporation Provides an Update on 2020 Financial Guidance

Retrieved on: 
Wednesday, March 25, 2020
Natural Resources, Manufacturing, Mining, Minerals, Steel, Corporate finance, Economy, Financial economics, Beryllium alloys, Materion, Earnings guidance, Earnings call, Coronavirus, Corporations

Materion Corporation (NYSE:MTRN) today announced an update to previous financial guidance provided for the first quarter 2020.

Key Points: 
  • Materion Corporation (NYSE:MTRN) today announced an update to previous financial guidance provided for the first quarter 2020.
  • Due to the unprecedented magnitude, duration, and uncertainty of the novel coronavirus (COVID-19) on global markets, we expect first quarter 2020 value-added sales to be approximately $12 to $15 million lower than levels assumed in our previously issued earnings guidance.
  • Furthermore, we will update full year earnings guidance during the first quarter earnings call.
  • Although the extent and duration of the COVID-19 impact is unknown at the present time, we remain confident in our financial strength and long-term ability to continue executing our One Materion strategy to deliver profitable growth.

Capstone Provides Update on COVID-19; No Impact to Operations to Date

Retrieved on: 
Wednesday, March 25, 2020
Mining, Minerals, Natural Resources, Spacecraft, Artemis program, Capstone, CubeSats, Lunar Orbital Platform-Gateway, Spaceflight, Mill

On a 100% basis, the figure is $12 million; ownership is 70% Capstone and 30% Korea Resources Corporation.

Key Points: 
  • On a 100% basis, the figure is $12 million; ownership is 70% Capstone and 30% Korea Resources Corporation.
  • On a 100% basis, the figure is $9 million; ownership is 70% Capstone and 30% Korea Resources Corporation.
  • Other input costs at both operations, like grinding media, mill liners and reagents, are also expected to track lower than budget.
  • Capstone is in a solid position to weather the storm presented by the COVID-19 crisis.