Hecla Announces Pricing of Senior Notes Offering
February 13, 2020
The Company has agreed to sell $475.0 million aggregate principal amount of 7.250% Senior Notes due 2028.
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The Company has agreed to sell $475.0 million aggregate principal amount of 7.250% Senior Notes due 2028.
“With two new mines coming into production in Nunavut, 2019 was a pivotal year for the Company. We set new records for both annual gold production and cash provided by operating activities. Despite setting these production and cash flow records, the production ramp up in Nunavut has been slower than expected, which has resulted in higher than anticipated costs in the fourth quarter of 2019 and slight revisions to our 2020 production guidance,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “
The proceeds from the Private Placement are expected to be used by the Company for general working capital and corporate purposes. All securities issued will be subject to a four month hold period, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside of Canada.
“In 2019 we began a journey to reposition the company for long-term success and sustainable shareholder value creation and we are encouraged by the progress we made as we have delivered on all our key commitments that position the Company for the future.” stated Renaud Adams, CEO.
This is the final major step in the acquisition phase of the Company’s plans for the Santo Tomas Project. The Company is now positioned to move into the historical resource confirmation and expansion phase as it works to progress the Santo Tomas deposit to an NI 43-101 compliant resource.
Camrova Resources Inc. announced today that it has changed its auditors from PricewaterhouseCoopers LLP to Wasserman Ramsay effective February 12, 2020.
“Further step-out exploration drill results demonstrate the potential to increase our initial 72.5 million tonne resource estimate announced on December 11, 2019,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.
“Newmont has the largest gold reserve base in the industry underpinned by our world-class ore bodies in top tier jurisdictions. In 2019, we added almost 50 million ounces of gold reserves through the acquisition of Goldcorp, formation of the Nevada Gold Mines joint venture and the continuation of our leading exploration program,” said Tom Palmer, President and Chief Executive Officer.
Endeavour Silver Corp. announces the appointment of Ernesto Lima, P.Eng., MBA, D.M., as the Director, Project Development to oversee the development of the Terronera and Parral mine projects in Mexico.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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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