Year: 2020

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.

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”.

J. Duane Poliquin, Chairman of Azucar stated: “Almadex holds mineral properties and interests in Mexico, the U.S., and Canada. We recognize the seriousness of this pandemic and will continue to monitor the situation with local health authorities where we operate”.

Una fuente del Gobierno confirmó que las mineras sólo podrán mantener operaciones que sean vitales hasta que termine la emergencia sanitaria, el 30 de abril

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.”

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.”

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.”

“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.”

“With the changing global economic environment, it delights me to advise that both parties in the Transaction continue to show a willingness to work together now and into the future by agreeing to vary the Share Sale Agreement. The updated and agreed changes provides the Company with the ability to complete the Transaction and procced with the strategy to acquire a transformative gold/silver project such as Copalquin.”