Month: April 2020

Oroco Announces Disclosure Deficiencies With Respect to the Historical Resource at Santo Tomas

The Company wishes to clearly reiterate that it does not classify the Historic Resource Estimate referred to in the Report as a current mineral resource and that it is not treating the Historical Resource Estimate as a current mineral resource. The historical work is being used by the Company solely to plan and guide the location of future exploration geophysics and drilling.

Gold Resource Corp. – Mexico Ministry of Health Orders Thirty-Day Suspension of All Non-Essential Business Including Mining

Gold Resource Corporation is in the process of furloughing its Oaxaca Mining Unit workforce, none of whom have been diagnosed with the virus. A limited operational staff will maintain safety and environmental systems at the Oaxaca Mining Unit along with performing care and maintenance with a goal to return to production as quickly as possible once the thirty-day suspension is lifted. Due to this mandated shutdown the Company suspends its 2020 production outlook.

Almaden Announces Mexican Federal Government Issues Decree to Temporarily Suspend All Non-Essential Businesses, Including Mining and Exploration, Until April 30, 2020 Due to COVID-19

J. Duane Poliquin, Chairman of Almaden stated: “We recognize the seriousness of this pandemic and have previously taken precautionary measures to protect our employees, their families and local communities. We will continue to monitor the situation closely and urge all of our stakeholders to take the necessary steps against the spread of this virus”.

Sierra Metals Announces 30 Day Suspension of its Mexican Mining Operations in Accordance with the Government Suspension of Non-Essential Activities to Contain the Advancement of the COVID-19 Virus in Mexico

Igor Gonzales, President, and CEO of Sierra Metals, commented, “A smaller workforce will be maintained at Bolivar 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 suspension of non essential activities is lifted. Our Cusi Mine is being placed on care and maintenance and employees will remain at home. Our team continues to be focused on the Health and Safety of our workforce.”

Spin-Out of Capitan Mining Approved at Riverside Resources’ AGM

Riverside’s President and CEO, John-Mark Staude, stated: “As CEO of Riverside it is great to see Capitan Mining with our leader Alberto Orozco move forward from Riverside and unlock value for shareholders We appreciate the efforts of the team in the current times of COVID as we continue to create shareholder value.”

Argonaut Gold Announces Mexican Federal Government Issues Degree to Temporarily Suspend All Non-Essential Businesses, Including Mining, Until April 30, 2020 Due To COVID-19

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, their families and the communities in which we operate is paramount and we continue to be dedicated to maintaining a safe work environment. We must continue to process pregnant solution coming from the heap leach pads for the safety of the environment. Therefore, we expect to continue metal production and sales.”

Equinox Gold Provides 2020 Guidance More Than Triples Annualized Gold Production in 2020

“With the merger complete, Equinox Gold expects to more than triple its annualized gold production in 2020 and is fully funded to increase production over the next two years to more than one million ounces of gold annually. We also recognize the challenges presented by the COVID-19 pandemic and its potential effect on our operations and our guidance for this year. If necessary, we will adjust our expectations as the situation evolves.”

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.