Month: April 2020

Minera Alamos Reports Sale of Prime Mining Corp. Shares

Minera Alamos Inc. announces that is has disposed of 3,000,000 common shares in the capital of Prime Mining Corp. for gross proceeds of $1,500,300 and 3,350,000 warrants to purchase common shares of Prime Mining for gross proceeds of $167,500.

Agnico Eagle Reports First Quarter 2020 Results; New 2020 Production and Unit Cost Guidance Issued to Reflect Impact of COVID-19 Temporary Shutdowns at Seven of Eight Mines; Restart and Ramp Up Activities Have Begun at the Five Canadian Mines Positioning Business for Strong Second Half of 2020

“The first quarter of 2020 was challenging given the global COVID-19 pandemic and its impact on our gold production and unit costs in March as operations were reduced to minimum activities at all five of our Canadian mines. Throughout this crisis the health, safety and well-being of all our employees and the communities that we operate in have been our top priority and remain a key focus as we have begun to carefully restart and ramp up our Canadian operations”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

Excellon Announces Q1 2020 Production Results

“We had a strong start to the year with production improving from previous quarters,” stated Brendan Cahill, President and CEO. “Silver and lead production, in particular, were significantly higher than recent quarters.”

Minera Alamos Intersects 248 Metres of 0.60 g/t Gold Ending in Mineralization From Ongoing Drilling at the Santana Gold Project, Sonora, Mexico

“This initial phase of our ongoing drill activities at the Santana project was intended primarily to confirm the margins of the Nicho mineralization as we work to optimize open pit modelling for the pending start of mining operations. Rather than closing off the limits of the deposit in this area we have demonstrated significant potential for further expansion to the south and southwest” stated Darren Koningen, CEO of Minera Alamos.

Entrega Fresnillo Plc Dos Mil Despensas

“Todos estamos llamados a colaborar, por lo que debemos como ciudadanía hacer conciencia sobre cómo podemos ayudar a nuestra comunidad. En este caso, los proyectos mineros de la zona, pertenecientes a la empresa Fresnillo PLC, actúan como un vecino responsable en tiempos en los que actos de solidaridad valen el doble”, manifestó.

New Gold Reports First Quarter Financial Results

“We are encouraged by the financial results for the quarter as they were impacted by the 2-week suspension at Rainy River in the latter part of March, and the enhanced COVID-19 safety protocols put in place at both operations. Following the close of a strategic $300 million partnership with the Ontario Teachers’ Pension Plan, the Company now has a strong liquidity position of $600 million, which is more than adequate to fund our business during this COVID-19 period.” stated Renaud Adams, CEO.

Orbia Announces First Quarter 2020 Financial Results

Daniel Martinez-Valle, CEO of Orbia, remarked, “As we all face an unprecedented global pandemic and the uncertainty and volatility that comes with it, it is important that I first thank all those working around the clock and on the front lines to care for people around the world.”

GoGold Intersects 4.2m of 559 g/t Silver Equivalent and 23.2m of 163 g/t Silver Equivalent at San Juan

“The results we’re seeing at the San Juan area of Los Ricos South are very promising, as this is at the northern end of that project. As we continue to see strong results from Los Ricos South, we are encouraged that these are only the first results of the many targets which we plan to explore along the 35km trend in the Los Ricos District. We look forward to testing these in the near future, which bodes well for the continuing prospects of this exciting district and our shareholders,” said Brad Langille, President and CEO.

New Gold Reports First Quarter Financial Results

“We are encouraged by the financial results for the quarter as they were impacted by the 2-week suspension at Rainy River in the latter part of March, and the enhanced COVID-19 safety protocols put in place at both operations.

Consolidated Zinc Ltd. – Updated Mineral Resource Estimate

The resource estimate, independently completed by Ashmore Advisory Pty Ltd in accordance with the JORC (2012) reporting guidelines, contains 964,000 tonnes @ 13.2% Zn and 3.5% Pb for 161,000 tonnes of contained metal in Indicated and Inferred categories.

Fresnillo plc – First Quarter Production Report for the Three Months Ended 31 March 2020

“Operationally, quarterly silver production was in line with expectations, down slightly against the previous quarter mainly due to lower grades at San Julián DOB. Gold production was also in line with expectations, down against the previous quarter due to lower volumes of ore processed at Herradura. We expect production to be back-end-weighted this year. Our development pipeline progressed as expected with good advances in the construction of Juanicipio and the new Pyrites Plant at Fresnillo.”

Capstone Reports First Quarter 2020 Results

“We were well positioned to face the abrupt economic downturn during Q1 2020, having cut nearly $30 million in annual costs from the business last year,” said Raman Randhawa, SVP & CFO of Capstone.

Aura Minerals Provides Further Update Regarding Operations in Honduras

Minerales de Occidente, S.A. de C.V., the Company’s subsidiary which owns the surface and mineral rights of the San Andres Mine, initially obtained authorization to continue leaching activities, but has since suspended such activities in response to the initial extension of the Government Orders.

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