Mexican mining company Industrias Peñoles, one of the world’s largest silver producers, said in a statement on Friday that it has completed the placement of international bonds worth $600 million in two issues that were both oversubscribed.
Scott Perry, President and Chief Executive Officer of Centerra stated, “We continue to stay vigilant at all of our operations to prevent an outbreak and avoid the spread of the COVID-19 virus and to ensure the health, safety and well-being of our employees, contractors and communities. At our Öksüt operation, we have celebrated a recent safety milestone, when on July 19, 2020, Öksüt achieved 3 million work hours without a lost time injury. Our continued commitment to Work Safe Home Safe is a driving force behind achieving such milestones.”
During the quarter, 2,575 tonnes of ore were mined at Plomosas, which was lower than the previous quarter of 9,987 tonnes, primarily due to the COVID-19 suspension of operations.
The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties located in Mexico and for general working capital purposes.
The Company intends to use the net proceeds of the Offering to conduct a drilling program on the Company’s Kwai property in the Red Lake mining district and for general working capital.
Minera Alamos Inc. is pleased to announce it has hired Chris Sharpe P.Eng to be the Company’s VP Project Development effective September 1st, 2020. With immediate effect, the Company has promoted Mr. Federico Alvarez to the position of Chief Operating Officer.
Fresnillo PLC celebró la reciente certificación otorgada a su filial Minera Saucito, la cual reconoce la excelencia del sistema de gestión de seguridad y salud ocupacional implementado al interior de sus instalaciones.
We are pleased to see Mr. Sprott take such a meaningful stake in the Company to welcome investment from other key strategic and institutional investors. We have approximately $34,000,000 in cash and are fully funded for continuous exploration drilling for the next two years. The Company now has four drill rigs turning on the underexplored Panuco silver district. Vizsla will now look to drill over 31,000 metres in 2020,” stated Michael Konnert, Chief Executive Officer of the Company.
Ranjeet Sundher, CEO of Brigadier notes, “I am delighted to welcome Mr. Fielding as a special advisor to the Company. His appointment is a singular opportunity that will pay dividends in terms of increasing our presence with financial institutions.”
“We are very pleased with our overall performance in this unprecedented quarter, a quarter that included enormous challenges presented by COVID-19. While we prioritized the safety of our employees and our key partners, we were able to report strong operational performance and complete two strategic transactions that restructured our balance sheet and improved our liquidity position,” stated Renaud Adams, CEO.
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