Month: March 2020

Equinox Gold Provides Corporate Update

As a result of local government restrictions related to the COVID-19 pandemic, the Company has temporarily suspended mining activities for 15 days at the RDM Mine in Minas Gerais State, Brazil.

Evrim Announces Return of the Cerro Cascaron Project

Evrim Resources Corp. announces that it has terminated the option agreement with Harvest Gold Corporation on the Cerro Cascaron project in southwestern Chihuahua, Mexico. Evrim and Harvest Gold Corporation completed two seasons of exploration and ten diamond drill holes at Cerro Cascaron. Drilling results included 20.10 grams per tonne gold and 22.5 g/t silver over one metre in drill hole SPT18-01 at the Serpiente Dorada prospect, and 5.39 g/t gold and 23.7 g/t silver over 0.35 metres in SPED19-02 at the San Pedro prospect. These results and extensive areas of gold-silver showings at lower elevations have not been followed up or tested by drilling.

Sierra Metals Announces 13-day Extension to the Suspension of Its Yauricocha Mining Operations in Accordance With the Government Extension of Its Declaration of a State of Emergency to Contain the Advancement of the COVID-19 Virus in Peru

Igor Gonzales, President, and CEO of Sierra Metals, commented, “A smaller workforce will be maintained to oversee critical aspects of the operation, with the primary goal of facilitating a quick and efficient ramp up back to normal levels once the regional situation improves and state of emergency is lifted. Our team continues to be focused on the health and safety of our workforce. The Company also expects the government processes related to permitting applications to be deferred during this state of emergency.”

Orla Mining Announces C$75,030,000 Bought Deal Financing

Orla Mining Ltd. announced today that it has entered into an agreement with a syndicate of underwriters led by Stifel Nicolaus Canada Inc. pursuant to which the Underwriters will purchase, on a bought deal basis, 36,600,000 common shares of the Company at a price of C$2.05 per Common Share for aggregate gross proceeds to the Company of C$75,030,000.

Gold Resource Corporation Declares March Monthly Dividend

The Company has returned $113 million to its shareholders in consecutive monthly dividends since July 2010 and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Fortuna Updates Mineral Reserves and Mineral Resources

“At San Jose, upgrading through infill drilling proved more challenging, as mining is transitioning from the central Stockwork zone to the Trinidad North area where mineralization tends to be narrower and more variable in nature. As the mineralization style changes, the operation is implementing various initiatives, such as pillar recovery and narrow vein mining methods, to optimize mineral extraction.”

Golden Tag – Update on the San Diego Project

The Company is pleased to announce that it is now fully permitted to continue exploration work, including a drill program, on its 100% owned San Diego silver-zinc project in Durango, Mexico.

Premier Reports Operational Update

To-date, activities at the Company’s two operating mines; Mercedes in Sonora, Mexico and South Arturo in Nevada, USA, have not been materially impacted by the COVID-19 pandemic.

Capstone Files Technical Report for Santo Domingo Project

Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “Santo Domingo Project, Region III, Chile, NI 43-101 Technical Report” for the positive update announced on January 19, 2020.

FDA Provides Emergency Use Authorization to PerkinElmer for COVID-19 Testing

“Despite the challenging environment, our employees have demonstrated unwavering commitment over the past two months to combat this global pandemic,” said Prahlad Singh, president and chief executive officer, PerkinElmer. “The breadth of PerkinElmer’s total workflow solution puts us in a unique position to rapidly address the needs of our clinical diagnostics customers.”

Agnico Eagle Provides Further Update on Quebec and Nunavut Operations

“The health, safety and well-being of all our employees and the communities that we operate in continue to remain our priority. As directed by the Quebec government, our Quebec mines will be placed on care and maintenance. At the same time, our Nunavut mines will be operating at reduced levels”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

GoGold Intersects 18.8m Near Surface of 255 g/t Silver Equivalent at Los Ricos South Project

“Drilling continues at Los Ricos with 6 drill rigs as we accelerate the drilling required for our initial resource. At the Los Ricos North Project we continue with the groundwork preparing for an upcoming drill campaign, which we anticipate commencing after the Easter break,” said Brad Langille, President and CEO. “We continue to monitor the COVID-19 developments in Mexico and have implemented additional safety procedures at both Los Ricos and Parral as described in PR#11 dated March 18, 2020.”

Hecla Complies With the Quebec Government COVID-19 Order

“The Government of Quebec ordered the mining industry to reduce to minimum operations as part of the fight against the COVID-19 virus, so we are suspending our Casa Berardi operations,” said Phillips S. Baker, Jr., Hecla’s President and CEO.

Alamos Gold Announces 14 Day Suspension of Operations at Island Gold and Provides Update on Other COVID-19 Measures

“First and foremost, our focus is on ensuring we protect the health and safety of our employees and the communities in which we operate. At Island Gold, approximately half of our employees travel from various parts of Ontario and Quebec, while the other half are local residents. We have a very unique camp set-up at Island Gold, with the camp located directly within the town of Dubreuilville. For these reasons, we have decided that the best way to minimize the possible spread of the virus is to temporarily suspend the operation of the mine. This is a rapidly evolving situation and we will take further action based on the best available information,” said John A. McCluskey, President and Chief Executive Officer.

Silver One Provides Corporate Update; Assures Shareholders the Company is Well Positioned Going Forward Throughout 2020-2021

Silver One’s President and CEO Greg Crowe commented, “With the steady advance of COVID19 and the associated uncertainty in the markets, Silver One management wishes to assure shareholders that the Company is well positioned to weather what we hope is a short lived event. With over Cdn$ 6 million in its treasury, the Company is prudently managing its exploration and other costs throughout 2020 and into 2021.”

Azure Minerals – Company and Operations Update

Azure Minerals Limited provides an update on its Mexican operations, with the Company implementing several important changes to ensure workplace safety and balance sheet preservation in response to the COVID-19 pandemic.

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