Day: July 29, 2020

“Like most companies, our second quarter results were negatively impacted by COVID-19. Most notably at Palmarejo, our strongest performing asset in the first quarter, operations were temporarily suspended due to a decree from the Federal government of Mexico. However, with Palmarejo now back in production, our three U.S. operations hitting their strides and the tailwind of higher gold and silver prices, we are anticipating a strong second half of 2020 and expect to continue this momentum into 2021,” said Mitchell J. Krebs, President and Chief Executive Officer.

Due to the serious COVID-19 pandemic situation in Mexico, restarting field work was delayed until early July with low-key and low-cost surface exploration now underway on the Alacrán project

“The second quarter was challenging given the global COVID-19 pandemic and its impact on our operations. While our business returned to normal production levels ahead of schedule in June, we did have seven of our eight mines on care and maintenance at one point during the quarter. We finished the quarter strong as our employees responded quickly and effectively with a plan to manage the mine shut downs and subsequent restart and ramp-up of operations while protecting the health, safety and well being of our employees and the communities in which we operate”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

Vista Gold Corp. today announced its unaudited financial results with net income of $1.9 million for the quarter ended June 30, 2020.

“The second quarter of 2020 will be remembered as one of the most challenging times in our history given the COVID-19 pandemic. We started the quarter with two of our operations being temporarily suspended, but we adapted well and by June both Island Gold and Mulatos had safely returned to normal operating levels,” said John A. McCluskey, President and Chief Executive Officer.

Redstar Gold Corp. is pleased to announce that it has received conditional approval from the TSX Venture Exchange for its proposed acquisition of Heliodor Metals Limited in exchange for 86.5 million Redstar common shares in a transaction previously described in Redstar’s press release of July 23, 2020.

Candente Gold Corp. is pleased to announce the launch of a “CEO Verified” Discussion Forum on AGORACOM. The forum will serve as the Company’s primary social media platform to interact with both shareholders and the broader investment community in a fully moderated environment.

The bulk of these funds will be used for the Company’s first drill program on the Kwai property in the Red Lake mining district.