Month: January 2020

Hexagon Strengthens Claim as Digital Mining Leader with Blast Movement Technologies Acquisition

“This is great news for Hexagon customers,” said Nick Hare, Hexagon’s Mining division COO. “The Blast Movement Technologies system is the only one of its type and generates significant profits for customers in every blast at over 120 open pit mines globally. The company is rapidly growing and is becoming standard best practice for open cut mining operations. It will be a highly valuable and complementary addition to our suite of pit-to-plant digital solutions.”

Sable Resumes Drilling at Vinata, Acquires Drilling Permits for its Projects in Argentina and Two Key Permits for Scorpius Project in Peru

“The presence of this large halo of argillic alteration with anomalous gold values intercepted in several of our drillholes strongly suggests that Vinata is a robust epithermal system that deserves further drilling to understand it properly and to search for the possible occurrence of the actual feeder of the system.” commented Ruben Padilla, Sable’s VP of Exploration

Ridgestone Mining Appoints Richard Savage to the Advisory Board

Jonathan George, Ridgestone’s Chief Executive Officer and President, commented: “We are excited and fortunate to welcome Richard to our Advisory Board. His wealth of capital markets experience and more specifically his involvement in financing the mining sector significantly complements the skill set of our existing board and management team members. We look forward to his valuable input and advice in the exciting development of our Rebeico gold-copper project in Mexico.”

Hecla Reports Third Quarter 2019 Results

“The third quarter performance, including our increased adjusted EBITDA results, demonstrates significant progress toward our twin financial goals of having no net revolver indebtedness at year end and refinancing our senior notes,” said Phillips S. Baker, Jr., President and CEO

Hecla Reports 22% Higher Silver and 4% Higher Gold Production, Lower Debt, Growing Cash Balances

“2019 marked a year of higher metal production and in the second half of the year, strong cash flow generation and an improved balance sheet,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “While gold & silver prices have increased, Greens Creek’s record silver production combined with the most gold production in Hecla’s history were the primary reasons for the cash flow strength.”

Avino Announces Management Appointments

Avino Silver & Gold Mines Ltd. is pleased to announce the appointment of Nathan Harte as Chief Financial Officer and Peter Latta as VP Technical Services.

Solaris Announces Director Changes and Joins the Augusta Group of Companies

Solaris Resources Inc. is pleased to announce the appointments of Mr. Richard Warke and Mr. Donald Taylor, respectively, as Executive Chairman and non-executive director of the Company, effective immediately following the resignations of Mr. Scott Heffernan and Mr. Marcel DeGroot as directors. In addition, Solaris joins the Augusta Group of Companies.

Silver Spruce Closes First Tranche of Financing

Silver Spruce Resources Inc. is pleased to announce the closing of the first tranche of its non-brokered financing, on December 31, 2019. The Company has issued 4,750,000 units at $0.05 per unit for gross proceeds of $237,500.

Newmont Refreshes Brand as Company Looks to Next 100 Years of Superior Performance, Value Creation and Sustainability Leadership

“We successfully completed two historic transactions in 2019, which have transformed Newmont into a truly international organization with an unmatched portfolio of assets and prospects in top-tier jurisdictions around the world,” said Tom Palmer, President and Chief Executive Officer. “As this company has done many times in the past, Newmont has demonstrated its ability to adapt to change, which is truly a hallmark of our success over the last 100 years. Updating our brand represents a natural step as we approach the next 100 years in Newmont’s long and proud legacy of operating discipline, profitable growth, environmental stewardship, and developing the industry’s best talent.”

Advance Gold Begins Second Drill Hole Into Large 1000 X 500 Metres Chargeability Anomaly

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “One of the great things about exploration in the state of Zacatecas, Mexico is that due to the established infrastructure and seasoned contractors we can get a lot of work done at a low cost. Now that we are confident that the large IP geophysical chargeability anomaly is caused by a sulphide system, we feel it is time to bring in a second rig to expedite our exploration of the system.”

Prime Mining Provides Update and Plans for New Year

COO Greg Liller states, “Unlike many junior exploration companies, Prime aims to be a gold producer. Key to the plan to advance Los Reyes to near-term production, the surface sampling is providing a better estimation of the grades and tonnes of the first benches that can potentially be mined in the open pits. This estimation will provide confidence in the economic projections during the critical planning and mine startup phase.”

Great Panther Announces US$11.25 Million Gold Dore Prepayment

GREAT PANTHER MINING LIMITED announces that it has entered into a US$11.25 million gold doré prepayment agreement with Samsung C&T U.K. Ltd., a wholly owned subsidiary of Samsung C&T Corporation, headquartered in Seoul, South Korea and a part of the Samsung Group.

SSR Mining Secures C$2.1 Million Gain from Exercise of SilverCrest Equity Participation Right

SSR Mining Inc. is pleased to announce that it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals Inc. dated November 28, 2018 to purchase on a private placement basis 1,819,074 common shares of SilverCrest at the same price per share as the bought deal public offering announced by SilverCrest on December 3, 2019. The additional shares will be acquired at a price of C$7.28 per common share for total consideration of C$13.2 million.

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