Mining and Exploration Companies Announce 2019 Earnings Reports

SARASOTA, Fla., March 10, 2020 (Newswire.com) - Mining companies, as well as companies involved in the exploration of precious metals have announced earnings reports during the month of March. Magnum Mining and Exploration (MGU.AX), AIC Mines (A1M.AX), and Pioneer Resources Ltd. (PIO.AX) are among several small-cap companies within the mining and exploration industry to announce earnings reports later this month. Combined, these companies represent a total market cap of approximately $30 million.

Magnum Mining and Exploration is an Australia-based company dealing in the exploration of mineral properties. Magnum owns a 74% interest in the Gravelotte emerald project in the Limpopo province of South Africa. Late February, the company announced the resignation of Ms. Jacqueline Barry as Company Secretary.

AIC Mines explores and develops mineral properties in Australia, primarily focusing on gold and other precious metals. Based in Australia, AIC Mines was established as a result of a merger between Intrepid Mines and AIC Resources in April of 2019. In February 2020, AIC mines announced the appointment of Linda Hale as Joint Company Secretary.

Pioneer Resources Limited explores and develops mineral properties in Australia and Canada. Headquartered in West Perth, Australia, the company recently provided updates on three gold joint ventures with Northern Star Resources Limited, Novo Resources Corp, and Black Cat Syndicate Limited. According to CEO Tim Spencer, “We are fortunate to have three leading gold companies as our joint venture partners – each of which offers the best possible forward pathway to unlock the value of our three non-core gold assets.”

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