Day: August 11, 2020

Argonaut Gold Announces Second Quarter 2020 Operating and Financial Results, Including $23 Million of Free Cash Flow; Provides Second Half 2020 Free Cash Flow Guidance

Pete Dougherty, President and CEO stated: “We’ve completed major milestones for the Company over the past few months with the Alio merger, the completion of the Schedule 2 process at Magino and the recent equity financing. The Company experienced a large cash increase of $23 million during the quarter amidst the two month shutdown of mining, crushing and stacking activities in Mexico due to COVID-19 restrictions.”

Canuc Closes Private Placement

Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.

Coeur Provides Mid-Year 2020 Exploration Update

“This has been a very exciting year for Coeur’s exploration programs and one of the best first halves of drilling results in the Company’s history,” said Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration.

GR Silver Mining Reports Near Surface Silver and Gold Mineralization in Drill Results from the Plomosas Mine Area, Plomosas Silver Project

GR Silver Mining President and CEO, Marcio Fonseca, commented, “These results confirm continuity of the Plomosas Mine Area mineralized system, extending at least 700 m along strike to the NW. Additionally, our recent surface exploration work has provided evidence that the mineralized footprint extends beyond the existing drilled areas. The definition of silver-gold rich mineralized zones close to the surface represents potential for the delineation of shallow resources at the Plomosas Mine Area”.

Golden Minerals Drills 23.4m Grading 5.96 g/t Au at Rodeo Gold Project, Durango, Mexico

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased with the initial drill results as they confirm the previously reported grades and modeled continuity of the deposit. We are particularly excited about drill hole 002, as this appears to indicate that there is good opportunity to expand the high-grade mineralization to the southwest, further supporting the potential development of the project.”

Magna Gold Corp. Enters Into Definitive Agreement to Acquire Los Muertos Silver Project in Sonora, Mexico

Arturo Bonillas, President and Chief Executive Officer of Magna, notes that: “Los Muertos exactly fits into our exploration pipeline profile. We understand the regional and local geology, and we are excited with the potential of Los Muertos given the project’s easy access, demonstrated mineral showings, and good geophysics. Los Muertos is drill-ready, and we plan to complete target confirmation and begin drilling as soon as possible. Magna is in an excellent cash and cash-flow position due to its well performing San Francisco mine, also located in the Sonora-Mojave Megashear.”

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