Year: 2020

“In the second quarter we delivered solid financial performance with $984 million in adjusted EBITDA and $388 million in free cash flow, both substantial increases over the prior year quarter. Our focus remains on ensuring the health, safety and wellbeing of our workforce and neighboring communities as we manage through the Covid pandemic. I am very proud of our workforce for the agility and resolve that they have demonstrated during these challenging times,” said Tom Palmer, President and Chief Executive Officer.

“Q2 results were outstanding and I am proud of everyone for working safely, achieving our planned operational targets and advancing our growth initiatives, despite pandemic-related restrictions,” said Darren Pylot, President and CEO of Capstone.

The Company intends to use the net proceeds from the Offering for exploration, development and general corporate purposes.

“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.