- Canuc Discusses Silver-Gold Breccia Targets August 6, 2020
- Colibri Resource Corp Receives Report on Evelyn Gold Project and Prepares Next Steps for Follow Up Drill Program August 6, 2020
- Riverside Resources Inc. Provides Update on Spin-Out Transaction and Capitan Mining Inc. Listing August 6, 2020
- Great Panther Reports Second Quarter 2020 Financial Results, Including Record Net Income of $8.6 Million and Operating Cash Flow of $19.5 Million August 6, 2020
- Golden Minerals Reports Second Quarter 2020 Results August 6, 2020
- VanGold Mining Closes $3,690,520 First Tranche of Private Placement August 6, 2020
- Hecla Reports 24% Higher Revenues on Higher Production and Prices in Second Quarter 2020 August 6, 2020
- Pan American Silver Reports Cash Flow From Operations of $62.8 Million in Q2 2020 and Updates 2020 Guidance August 5, 2020
- Pan American Silver Reports Mineral Reserves Estimate of 550 Million Ounces of Silver and 5.2 Million Ounces of Gold August 5, 2020
- Vizsla Drills 1,541 g/t Silver Equiv. Over 2 Metres and 261 g/t Silver Equiv. Over 22.6 Metres at Panuco, Mexico August 5, 2020
- Impact Silver Announces Upsize To Previously Announced Brokered Financing To C$7.0 Million August 5, 2020
- GoGold Resources Intersects 29.8m of 713 g/t AgEq, including 4.5m of 4,251 g/t AgEq in First Holes Drilled at Los Ricos North August 5, 2020
“Uncovering further mineralized breccia zones on surface is the objective of current exploration. Success would be of meaningful geological importance and could have a significant impact on our understanding of structure, as well as on our interpretation of the geological potential at San Javier,” stated Chris Berlet, CEO.
Colibri Resource Corp Receives Report on Evelyn Gold Project and Prepares Next Steps for Follow Up Drill Program
Colibri Resource Corporation announces that it has received a comprehensive report covering its Evelyn Gold Project located in the Caborca Gold Belt in NW Sonora Mexico. The Evelyn is strategically located 25km East of Mexico’s largest open pit gold mine La Herradura, and 9km north east of the Noche Buena Mine.
Pan American Silver Reports Mineral Reserves Estimate of 550 Million Ounces of Silver and 5.2 Million Ounces of Gold
“Pan American holds one of the world’s largest silver mineral resources and reserves base. Over the past year, we have replaced 76% of the silver and 107% of the gold mined for the 12-month period ended June 30, 2020. Particularly significant gains were realized at La Colorada, La Arena and Shahuindo,” said Christopher Emerson, Pan American’s Vice President of Business Development and Geology.
Vizsla Drills 1,541 g/t Silver Equiv. Over 2 Metres and 261 g/t Silver Equiv. Over 22.6 Metres at Panuco, Mexico
Vizsla President and CEO, Michael Konnert, commented: “The Napoleon discovery is continuing to grow with hole NP-20-08, significantly extending high grade mineralization to depth. These results have returned both high grades and broad intervals. With the recently closed C$30M bought deal financing, the Company is well positioned to continue with the four drill rigs for the rest of 2020. We are excited to continue expanding the Napoleon discovery and to test our targets to demonstrate the “district scale”, high grade potential of Panuco.”
GoGold Resources Intersects 29.8m of 713 g/t AgEq, including 4.5m of 4,251 g/t AgEq in First Holes Drilled at Los Ricos North
“We are very excited that our initial holes on the La Trini deposit have confirmed significant widths of high-grade silver and gold mineralization. The La Trini deposit is a flat-lying zone that outcrops on surface, strikes approximately east-west and dips gently to the north around 20 degrees. These characteristics, combined with the gentle topography, will allow GoGold to rapidly develop the Mineral Resource of the deposit by drilling a series of short holes from surface over the next 4 to 6 months.”
Minera Alamos Completes Definitive Agreements To Acquire The Cerro De Oro Gold Project, Zacatecas, Mexico
“The Cerro de Oro gold project has many characteristics that mimic the El Castillo gold mine our team developed under the Castle Gold Corporation banner from 2007 until its eventual sale in 2010.” stated Darren Koningen, CEO of Minera Alamos
John Gomez President & CEO of Inomin Mines, says “The acquisition of La Gitana and Pena Blanca provides us with two gold and silver projects where initial exploration has discovered significant mineralization. At La Gitana we look forward to exploring untested areas to expand the core disseminated and high-grade gold-silver zone already delineated by drilling. Pena Blanca is geologically similar to La Gitana with a larger exposed alteration area, indicative of a major gold-silver system.”
Zanzibar Gold Inc. is pleased to announce that Minerales De Tarachi S. de R.L. De C.V. has signed an option agreement with the Company for an option for the Company to earn a 100% interest in the Sonora Gold mineral concessions in the mining district of Benjamin Hill in Sonora, Mexico.
Capitan has received conditional approval to list the Capitan Shares on the TSXV. Final listing approval will be subject to Capitan satisfying all of the listing conditions of the TSXV, including completion of a financing of at least $2,000,000. In connection with the Arrangement, Capitan has received subscriptions for and intends to complete a non-brokered private placement of approximately 17,500,000 Capitan Shares at a purchase price of $0.20 per Capitan Share for gross proceeds of approximately $3,500,000 concurrently with the Effective Date of the Arrangement.
Great Panther Reports Second Quarter 2020 Financial Results, Including Record Net Income of $8.6 Million and Operating Cash Flow of $19.5 Million
“The combination of a strong rise in the gold price and record production at our flagship Tucano mine, leading to a substantially lower AISC, drove a significant increase in cash flow from operating activities to a record $19.5 million for the second quarter of 2020,” stated President and CEO Rob Henderson.
Golden Minerals’ President and Chief Executive Officer, Warren Rehn, commented, “With the recent capital raise completed, we have a significant cash balance and are now in an excellent position to fund a start-up of production at the Rodeo deposit early next year, assuming that the results of our confirmatory drilling program are satisfactory and providing we receive the necessary government approvals.”
The Company anticipates closing a second and final tranche of the Financing on or about August 11, 2020, which may include an increase in the overall Financing to 25,645,000 Units for gross proceeds of up to $3,975,000 based on demand.
“Despite the pandemic, Hecla had its second highest quarterly silver production since 2016 which, combined with higher prices, resulted in almost 25% more revenue than a year ago and generated about $27 million of free cash flow,” said Phillips S. Baker, Jr., Hecla’s President and CEO.
Pan American Silver Reports Cash Flow From Operations of $62.8 Million in Q2 2020 and Updates 2020 Guidance
“The global COVID-19 pandemic had a significant impact on Q2 results, with all our Latin American operations placed in care and maintenance mode for periods of time during the quarter. Except for our two polymetallic underground mines in Peru, all operations are now back in production under comprehensive health and safety protocols,” said Michael Steinmann, President and Chief Executive Officer.