Day: July 18, 2019

Taj Singh, President and CEO of Discovery commented, “We are excited to have Mr. Sprott’s support as we enter into our next phase of growth. His investment ensures Discovery is well funded to pursue its exploration plans for its Coahuila projects and also for the Cordero project, which will be added to Discovery’s portfolio upon closing of the Levon Transaction. For Discovery and Levon shareholders, Mr. Sprott’s investment is a strong endorsement of the combined company’s future business plans.”

Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook and plans to increase its global production outlook once commercial production levels are reached at its Nevada Mining Unit’s Isabella Pearl gold project. The Isabella Pearl project reported the commencement of first gold production during the second quarter.

‘Our strong silver production reflects the continued outperformance of Greens Creek, which had higher grades and recoveries during the quarter as expected,’ said Phillips S. Baker, Jr., Hecla’s President and CEO. ‘San Sebastian is continuing to perform as expected as we continue the bulk sample test of the sulfide material. We expect gold production to be higher at both Casa Berardi and in Nevada in the second half of the year, particularly the fourth quarter.’

Under the now modified terms of the financing and in addition to the placement of Series 1 Units described above, IMPACT will offer up to 10,344,828 units at an increased price of $0.29 per unit consisting of one Share and one common share purchase warrant exercisable for a 36-month period following their issuance at an exercise price of $0.385 per Share for additional gross proceeds of up to $3,000,000.