GOLDCORP INC. announced today that Mr. Ian Telfer, the Chairman of Goldcorp, has informed Newmont Mining Corporation that he will not be joining the Newmont Goldcorp Board of Directors upon completion of the proposed acquisition of Goldcorp by Newmont. Mr. Telfer is focusing all of his efforts on having the Goldcorp shareholders approve the pending transaction with Newmont.
Mako Mining Corp. announces that Mr. Kevin Bullock has tendered his resignation as CEO and director of Mako to pursue another opportunity. Mr. Bullocks departure will be effective immediately.
Jorge A. Ganoza, President and CEO, commented, In 2018 we had strong financial results with free cash-flow generation from ongoing operations of $55 million and adjusted net income of $38.4 million. Our strong results in the year, in spite of a weaker price environment in the second semester, speak for our commitment to efficient operations and the strength of our assets. Mr. Ganoza added, Our capital investment plans and working capital requirements during the Lindero construction in Argentina are adequately funded from available liquidity and free cash flow from our mines.
Southern Copper Corp, one of the worlds biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the companys chief executive told Reuters on Wednesday.
The net proceeds from the Private Placement will be used to continue exploration on the Companys Las Minas project located in the State of Veracruz, Mexico, to make the final property payment (done), and for general working capital purposes.
McEwen Mining Inc. today announced its voluntary termination of the equity distribution agreement entered into on November 8, 2018. Under the equity distribution agreement, McEwen Mining could offer, from time to time, shares of its common stock having an aggregate offering price of up to $90,000,000. McEwen Mining provided notice to the sales agents of the termination of the equity distribution agreement on March 13, 2019, effective as of the close of business on March 13, 2019.
Vangold Mining Corp has arranged a non-brokered private placement financing of up to 10,000,000 units at a price of $0.05 per unit for gross proceeds of up to $500,000. Finders fees may be payable in connection with this private placement.
Antonio Berlanga, CEO, States, These El Creston samples continue to demonstrate the quality of Tahuehueto mineralization and are, in the case of these El Creston samples verifying our reserve base established from previous drilling. In the case of the El Perdido underground development which has extended past the limits of previous drilling, channel sampling results, are verifying the continuity of mineralization along the El Perdido structure helping to verify managements assumption that the El Perdido Zone connects with the Santiago Zone on the same structure and if continuously mineralized, will allow new exploration along approximately 800 meters of unexplored structure to hopefully add additional resources to the project.
The San Francisco Mine in Q4 2018 produced 10,292 gold ounces and 4,204 silver ounces compared to 16,070 gold ounces and 7,873 silver ounces during Q4 2017. Gold and silver production was lower as a result of fewer recoverable ounces deposited on the leach pads.
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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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