Month: December 2019

Goldgroup Provides a Legal Update

Goldgroup Mining Inc. provides a response to DynaResource, Inc.’s news release from December 20, 2019. The Company is currently awaiting the written judgment of the 11th Federal Circuit Collegiate Court in México to be published to assess its contents and reasons for judgment. The Company will continue to pursue all legal avenues in Mexico to achieve a favorable resolution to the DynaUSA dispute.

Prospero Announces Sale of Mexican Subsidiary

William Murray, Chairman and CEO of Prospero, commented: “The Company has diligently pursued its mission as a project generator/explorer since its formation in 2010. However, exploration results to date, and the lack of available funding for exploration projects since 2011, have made it difficult to materially advance our projects and create sustainable shareholder value. In addition, the ever increasing cost to maintain our projects, and the growing regulations that have been imposed by the new Mexican administration on exploration companies, has made it necessary that we expeditiously consider any and all alternatives…”

Sierra Metals Updates the Mineral Resource Estimate for its Bolivar Mine, Mexico

Igor Gonzales, President and CEO of Sierra Metals Inc. commented: “Since the latter part of 2017, the Company has been executing on a 55,251 meter drilling campaign, with a significant portion of the program already completed. Drilling has occurred at Bolivar West, Bolivar Northwest and El Gallo Inferior zones. Currently, these high-value targets continue to be defined and subsequent exploration programs planned with a goal of increasing tonnage and grades at Bolivar.”

First Mexican Gold Corp. Announces Closing of Third Tranche Private Placement of Units

First Mexican Gold Corp. is pleased to announce that further to its news release of December 24, 2019, the Company has issued an aggregate of an additional 1,900,000 units of the Company at a price of $0.05 per Unit for gross proceeds of $95,000. In total, the Company issued an aggregate of 20,000,000 Units for gross proceeds of $1,000,000.

Equinox Gold and Leagold Mining Mail Joint Management Information Circular in Connection with Special Meetings to Approve Business Combination to Create a Premier Americas Gold Producer

Equinox Gold Corp. and Leagold Mining Corporation have filed the joint management information circular and related meeting materials in connection with their respective special meetings of securityholders to be held on January 28, 2020. The purpose of the Meetings is to seek approval for a number of matters in connection with the proposed at-market merger announced on December 16, 2019, whereby Equinox Gold and Leagold will combine to create one of the world’s top gold producing companies operating entirely in the Americas.

Great Panther Announces US$10 Million Concentrate Prepayment

GREAT PANTHER MINING LIMITED announces that its wholly owned subsidiary, Minera Mexicana el Rosario, S.A. de C.V., has entered into a US$10 million concentrate prepayment agreement with the IXM Group, one of the world’s largest physical metal traders, headquartered in Geneva, Switzerland. MMR wholly owns and operates the Company’s Mexican mining operations.

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