Month: April 2020

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.

Equinox Gold Provides Operations Update and Announces Exercise of Warrants

The temporary suspension of mining activities at the Company’s Los Filos Mine in Guerrero State, Mexico has been extended in compliance with an order by the Federal Government of Mexico extending the suspension of non-essential activities until May 30, 2020, with the potential for earlier start-up on May 18, 2020 in areas with low or no cases of COVID-19. The Company has continued processing solution from the Los Filos heap leach pads and producing gold at a reduced level during the temporary suspension.

Canuc Announces Extension of Financial Statements and MD&A Filing

On March 18, 2020, the Canadian Securities Administrators (CSA) announced a blanket provision which provided issuers with a 45-day filing extension for filings required on or before June 1, 2020. This extension was to allow issuers the time needed to focus on the many other business and financial reporting implications of the COVID- 19 pandemic.

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.

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