Month: March 2020

Mithril Resources Limited – Sun Minerals Acquisition Update and COVID-19 Impact

“With the changing global economic environment, it delights me to advise that both parties in the Transaction continue to show a willingness to work together now and into the future by agreeing to vary the Share Sale Agreement. The updated and agreed changes provides the Company with the ability to complete the Transaction and procced with the strategy to acquire a transformative gold/silver project such as Copalquin.”

Newmont Completes Sale of Red Lake and Realizes Cash Proceeds of $375 million

“We are pleased to complete the sale of Red Lake to a highly respected and responsible operator in Evolution. The transaction provides us ongoing exposure to future exploration upside, whilst we remain focused on our diverse global portfolio of 12 managed operations and two joint ventures, which includes eight world-class assets,” said Tom Palmer, President and Chief Executive Officer.

Teck Announces Q1 2020 Update

“Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our steelmaking coal results significantly exceeded guidance,” said Don Lindsay, President and CEO. “We remain focused on ensuring we have the necessary measures in place to safeguard the health and safety of our people and communities, while maintaining safe operations.”

GoGold Completes Commissioning of SART Plant at Parral

“Our team at Parral has successfully adapted agglomerated heap leaching to old mined waste at Parral, and the SART is a further optimization of this innovation. The operation produces low cost gold and silver ounces while providing environmental remediation for the town of Parral. We see this expertise which we’ve developed over the last 6 years of operation as a real asset to the Company that may be applicable to the millions of tonnes of mined waste in Mexico and beyond,” said Brad Langille, President and CEO.

Discovery Provides Further Update on Covid-19 Response

Discovery Metals Corp. announces that it has temporarily suspended all exploration activities at its Mexican operations due to the increased health and safety risks associated with the growing number of COVID-19 cases in the country.

Great Panther Files NI 43-101 Technical Reports on the Guanajuato Mine Complex

The reports are titled “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, San Ignacio Mine, Guanajuato State, Mexico”, dated March 17, 2020, and “NI 43-101 Mineral Resource Update Technical Report on the Guanajuato Mine Complex, Guanajuato Mine, Guanajuato State, Mexico”, dated March 27, 2020.

Great Panther Reports Fiscal Year 2019 Financial Results

“In 2019, Great Panther transformed into a growing, intermediate precious metals producer through the acquisition of Tucano, which increased production (on a gold equivalent basis) and revenue by 182% and 234%, respectively over 2018,” said Jeffrey Mason, Interim President and CEO, and Board Chair.

MAG Silver Reports 2019 Annual Results

“Construction and exploration drilling continue at the Juanicipio Project. We are fortunate that all the major process equipment has been delivered to site,” said George Paspalas, President and CEO. “Corporately, we are making appropriate changes to the way we are conducting business to ensure continuity whilst considering the health and well being of our people and business partners.”

Millrock and Resolution Announce Temporary Suspension of Drill Campaign On Aurora Target, West Pogo Block, 64North Gold Project, Alaska

Millrock President & CEO commented: “While it’s disappointing to have to curtail the drilling program, the safety of our people is always paramount. We are very pleased that the first drill hole of the program intersected significant quartz veining with pyrite and arsenopyrite with trace amounts of bismuthinite. These sulfide minerals are often associated with gold in the area and we will await the assay results with great anticipation!”

Silver Viper Continues to Expand El Rubi Zone, Provides Operations Update

Phase II drilling has advanced steadily since November 2019 and now totals 24 holes for a cumulative 6,955 metres. At this point, the Company has decided to pause drilling until a time where it feels it is safe and appropriate to resume amid the COVID-19 global pandemic. Drilling activities have ceased, core splitting and sampling of final holes was completed late last week. Drill equipment is being stored on site, awaiting restart order in the coming months. At this time, the Company wishes to recognize the pro-active support and understanding being provided by drilling contractor, Globexplore Drilling Corp. during this pause in work.

GR Silver Mining Closes Acquisition of the Plomosas Silver Project

GR Silver Mining President and CEO, Marcio Fonseca, commented, “This transaction is in line with our growth strategy and vision of becoming a leading mining company controlling the most important silver-gold assets in the Rosario mining district, Mexico.”

ISS and Glass Lewis Recommend Shareholders of Excellon and Otis Gold Vote for the Arrangement

Excellon Resources Inc. and Otis Gold Corp. are pleased to announce that the two leading independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., have each recommended that shareholders approve the proposed acquisition by Excellon of all of the issued and outstanding shares of Otis by way of a statutory plan of arrangement.

SilverCrest Metals Announces COVID-19 Protocols

Chris Ritchie, President, remarked, “We are thankful to report that there are currently no known cases of COVID-19 for any of our employees, contractors, their families in the communities near the Las Chispas Project. We are monitoring the situation and are proactively working with our people and community. We feel strongly that our local presence and activities alongside the government are critically important as we seek to prioritize health and safety where we live and work.”

Aura Completes Acquisition of Gold Road Project from Para

Aura Minerals Inc. and Para Resources Inc. are pleased to announce that, further to the joint press releases issued by Aura and Para on February 10, 2020 and March 9, 2020, Aura completed the purchase of all of the issued and outstanding shares of Para’s wholly-owned subsidiary Z79 Resources, Inc. on March 27, 2020. Z79 owns through Gold Road Mining Corp. the Gold Road Mine located in Arizona and various options to acquire parcels of land adjacent to the Gold Road Project, among other things.

Premier Announces US$205M Offer to Acquire Centerra’s Interest in Greenstone Gold Mines Partnership

“This offer should be viewed favourably by Centerra as we believe that it represents a substantial premium to the median of current analyst consensus valuations attributed to Centerra’s 50% interest in GGM, full recovery of their total investment in GGM to date, and aligns with Centerra’s stated focus of maximizing the value of its existing operating assets over new build opportunities”, stated Ewan Downie, President and CEO of Premier.

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