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.

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.