Month: March 2020

VVC Exploration – Closing of Private Placement Financing

VVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit.

Vizsla Outlines COVID-19 Response

Vizsla Resources Corp. reports that, in light of increasing global responses to the COVID-19 virus outbreak, the Company has executed an internal plan to ensure employee and stakeholder health and safety as well as minimized disruption to exploration operations.

Radius Gold Re-Discovers Historic Silver Mining Camp in Chihuahua, Mexico

At the new project, named Plata Verde, Radius geologists have re-discovered an undocumented large scale underground bulk mining operation where in the late 1800’s, historic miners hand excavated an extensive series of anastomosing caverns, producing silver bars at an associated smelter operation. The project appears to be un-explored since the miners ceased their operations, and no references have been found within the Mexican Geological Survey. The few local residents have no knowledge of exploration companies working in the area and there are no indications of prior exploration within the mines or surrounding outcrops. Initial prospecting rock chips by Radius geologists have returned silver grades between 5 and 1070 g/t Ag.

Pan American Silver Announces an Update on its Operations in Argentina and Bolivia in Response to COVID-19

Pan American Silver Corp. today announced that it is temporarily suspending its operations in Argentina, including the Manantial Espejo mine, in order to comply with a mandatory national quarantine. The government of Argentina imposed the quarantine in response to COVID-19 and stated that it will be in effect until March 31, 2020. Pan American is also suspending supply deliveries and personnel transport at its San Vicente operations in Bolivia to comply with a mandatory national quarantine that is stated to be in effect until March 31, 2020.

Sonora Lithium Project and Covid-19 Update

Bacanora Lithium plc, a lithium exploration and development company, provides an update on activities at its Sonora Lithium Project in Mexico following the outbreak of Covid-19. Bacanora’s first priority is the health and well-being of its staff, partners and its local communities and has taken all appropriate measures to protect them in accordance with the relevant governmental and regional requirements.

GoGold Changes AGM to Teleconference Only

In response to yesterday’s declaration of a state of emergency by the Nova Scotia provincial government, the in-person meeting which was scheduled to be held at Hotel Halifax is replaced by teleconference.

Azure Makes New Copper Discovery at Alacrán

“The discovery of strong copper mineralisation hosted by iron-rich breccia at Gregors is very promising, as there is a history of discovering and exploiting high-grade, copper-rich breccia pipes in the surrounding Cananea mining district, particularly at the nearby Cananea Copper Mine located 10km to the northwest. I’m looking forward to completing our interpretation of the results and recommencing drilling as soon as practicable.”

Great Panther Provides Updates on Developments Related to COVID-19

All operations and offices have implemented travel restrictions, supervision, monitoring and response plans to reduce the risk of COVID-19 exposure and outbreak. International travel has been suspended until further notice and health screening of any local contractors, visitors and employees has been implemented when appropriate.

Argonaut Gold Implements Protocols to Minimize COVID-19 Risks

Pete Dougherty, President & CEO stated: “It is important to recognize the seriousness of the COVID-19 pandemic and while we have not experienced a known or suspected case in the Company to date, we have been and will continue to take precautionary measures. The health and safety of our workforce is paramount and we want to continue to maintain a safe work environment.”

IMPACT Silver Confirms No Interruption on Mine Operations from Corona Virus COVID-19 Pandemic

“Most of our mine workers come from the local communities surrounding the mine where movement of themselves and their families is limited. In conjunction with local authorities we are actively disseminating information on COVID-19 precautionary measures to our employees and their families. We will continue to monitor their health and for signs of early symptoms of the virus on a regular basis to ensure safety of our staff.”

Discovery Provides Update On Business Continuity Plans In Response To COVID-19

Taj Singh, President and CEO, states: “Ensuring the health and safety of our workforce is Discovery’s highest priority. There have not been any confirmed or suspected cases of COVID-19 at any of our operations however the Company has begun implementing various precautionary measures aimed at reducing the risk of COVID-19 impacting employees, their families, local communities and all stakeholders.”

Prime Mining Provides Update On Plans And Operations In Response To Covid-19

Executive Chairman Daniel Kunz comments, “Prime Mining is providing this update on the impact of unprecedented global events on Prime’s operations and business opportunities. Human health and safety comes first in our world of mineral exploration and mining. Now we extend that concern to our homes, members of our communities and people around the globe. My fellow directors and management of Prime join me in extending our sincere wishes that you, your families and communities stay safe and healthy”.

Equinox Gold Responds to COVID-19 Pandemic

Equinox Gold Corp. is closely monitoring the COVID-19 pandemic and has taken precautionary measures at its mine sites and offices to help protect the safety of the Company’s workforce and local communities.

Riverside Resources Operational Update During Current Market Conditions

Riverside Resources Inc. provides a brief update to its shareholders and followers during this unprecedented time with the COVID-19 outbreak, evolving government recommendations and current market uncertainty. The Company remains in a strong overall position with high-value properties and partnerships which also help to reduce capital expenditures. The Company currently has local teams on the ground carrying out partner-funded work programs on Riverside owned assets. Riverside continues to maintain a tight share structure, with no debt and cash in the bank.

Agnico Eagle Provides Update on Nunavut Operations

As part of an effort to protect the people of Nunavut, Agnico Eagle has decided to send home its Nunavut based work force from the Meliadine and Meadowbank operations as well as the exploration projects for a period of four weeks.

Excellon and Otis Gold File Joint Circular In Connection With Proposed Arrangement

Excellon Resources Inc. and Otis Gold Corp. announced today that they have filed a joint management information circular which will be mailed out to their respective shareholders’ next week for the meetings to be held on April 17, 2020, in connection with the previously announced acquisition by Excellon of all of the issued and outstanding shares of Otis pursuant to a plan of arrangement under the Business Corporations Act (British Columbia).

Alio Gold Announces Significant Improvement at Florida Canyon Mine and Reports Fourth Quarter and Full-year 2019 Results

“Our fourth quarter results at Florida Canyon showed significant improvement and were markedly better than those achieved in the middle of the year, confirming that Florida Canyon is indeed turning the corner. In the fourth quarter we were able to mine 31% more tonnes per day, process 48% more tonnes per day, and deposit 37% more gold on the leach pad than in the third quarter. These incremental improvements drove our overall operating costs in the quarter down, to less than $7 per tonne, which is an exceptional achievement,” said Mark Backens, President and CEO.

Teck Temporarily Suspends Construction Activities for QB2 Project in Response to COVID-19

“Considering the significant size and scale of the QB2 project, and the fact that workers on the project commute in large numbers from all over Chile, this is the right decision to protect the health and safety of workers and their families, and to support the Chilean government efforts to halt the spread of COVID-19,” said Don Lindsay, President and CEO, Teck.

Newmont Corporation Announces Pricing of the Tender Offers for its 3.500% Senior Notes due 2022, its 3.700% Notes due 2023 and Goldcorp’s 3.700% Notes due 2023

Newmont Corporation announced today the pricing terms of the previously announced offers to purchase for cash up to the applicable Maximum Principal Tender Amount of (i) the 3.500% Senior Notes due 2022 issued by Newmont, (ii) the 3.700% Notes due 2023 issued by Newmont and (iii) the 3.700% Notes due 2023 issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont.

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