Almaden Minerals Ltd. (AAU) stock prices were down by 1.17% as of the market closing on October 5th 2021. This brought the price per share up to USD$0.38 at the end of the trading day. Subsequent premarket fluctuations have seen the stock surge by 3.26%, bringing it up to USD$0.39.
Drilling Resumes at Ixtaca
October 5th 2021 saw AAU stock report the resumption of drilling activities at Ixtaca, while concurrently providing an update on the company’s coronavirus strategy. Since the global onset of the pandemic, the company has ensured that fieldwork at Ixtaca would be conducted in compliance with the directives of the Mexican Institute for Social Security (IMSS). In addition to various sanitary measures, the company has established a Covid Committee that conducts weekly assessments of the situation of the pandemic. This committee meets weekly to ensure continued commitment to company protocols, while discussing opportunities for improvement in the protocols. To this end, the company has arranged for a five hour online Covid-19 education training program that is accessible by any employee in the workforce. Completing the courses results in an IMSS certificate for each employee.
AAU Stock’s Covid-19 Efforts
The company reported on September 3rd 2021 that its Covid-19 protocols detected several Covid-19 cases among its workforce. The employees were immediately quarantined and supported by the company, with only one employee requiring hospitalization. Unfortunately, the employee eventually succumbed to the effects of the coronavirus pandemic. The entirety of the rest of the employees who have tested positive for the coronavirus are now recovering satisfactorily. AAU stock anticipates the return of all of its workforce in the near future.
Working with Local Authorities
AAU stock has continued allocating resources towards the facilitation of efforts by employees to attend the national vaccination program. The company has enabled its workers to be able to get their vaccinations on the days allocated by the authorities. Management is continuing to seek opportunities to work with local health authorities to prepare local communities for the treat of the proliferation of the disease. The company provided local authorities with 4000 bottles of alcohol gels and 10,000 masks in 2020.
Future Outlook for AAU Stock
The company reported a promising quarter, consolidated by the resumption of drilling activities at Ixtaca. AAU stock is poised to capitalize on the expanded scope of opportunities afforded to it as a result of the gradual return to pre-pandemic economy levels. Current and potential investors are hopeful that management will be able to effectively leverage the resources at its disposal. This is hoped to facilitate significant and sustained increases in shareholder value over the long term.