Month: October 2019

Aloro Samples High Grade Veins

Thomas A. Doyle, President, CEO, stated “We are very pleased to have reached a surface access agreement on an area that was not previously available to the Company. The historical information has always maintained our interest for this area and I look forward to the Aloro geological team being able to confirm and work with that information as well as identifying new mineralised targets.”

Vista Gold Corp. Announces Third Quarter Financial Results and Mt Todd Update

Vista’s President and CEO, Mr. Frederick H. Earnest commented, “Completing the 2019 PFS was a significant achievement in further advancing and de-risking Mt Todd. With average life-of-mine gold recoveries of 91.9%, NPV5% of $823 million, an IRR of 23.4% at a $1,350 per ounce gold price and a $0.70=A$1.00 exchange rate, and all major environmental approvals in place, we believe Mt Todd is a superior asset located in a Tier-1 mining jurisdiction…”

Agnico Eagle Reports Third Quarter 2019 Results; Record Quarterly Gold Production; Amaruq Declares Commercial Production; Free Cash Flow Generation Drives 40% Increase in Dividend; Exploration Drilling Continues to Advance Minesite and Pipeline Projects

“With record performance at several of our operations and the ongoing ramp up of our two new mines in Nunavut, we achieved record quarterly gold production in the third quarter of 2019. As expected, this strong result, combined with the completion of the extensive construction spending program in Nunavut, resulted in the generation of substantial free cash flow in the quarter,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With the expectation of growing production and strong free cash flow generation, we are in a good position to continue to invest in our project pipeline, improve our financial flexibility and grow our dividend. We are pleased to announce a 40 percent increase in our quarterly dividend,” added Mr. Boyd.

First Mexican Gold Corp. Announces Private Placement and Change of Management

The Company wishes to announce the resignation of Mr. Jim Voisin as President, Chief Executive Officer and director of the Company, as well as the resignations of Messrs. Gregg Roberts and Patrick Burns as directors of the board, effective immediately. The Company wishes to thank Messrs. Voisin, Roberts and Burns for their contribution to the Company and wishes them the best in their future endeavours.

Oroco Announces Special Meeting Date

Oroco Resource Corp. is pleased to announce that it will hold a Special General Meeting of its shareholders at 2:00 p.m. on Thursday, December 19, 2019, at 402 – 1166 Alberni Street, Vancouver, B.C., to consider and vote on a resolution to approve the Company’s option to acquire Altamura Copper Corp. and advance loans to Altamura as described in the Company’s news release of October 9, 2018. The Company will also hold its annual general meeting at that time.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.