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.
“This initial Mineral Resource Estimate demonstrates Los Ricos South is a premium asset, in grade and quantity of ounces. Our Mineral Reserve at Parral is generating cash flows that are being reinvested into the Los Ricos district. Over the past 16 months, we have aggressively explored and developed the Los Ricos South Mineral Resource, which we will base our PEA study upon. Concurrently, we are accelerating our exploration effort on the Los Ricos North project where we are drilling the first of multiple targets which we believe will highlight the potential of the entire Los Ricos district,” said Brad Langille, President and CEO.
Millrock President & CEO commented: “We are pleased to secure these mineral lands near Fairbanks. There is known gold mineralization on both claim blocks and the geology is similar to that present at the nearby Fort Knox gold mine operated by Kinross.”
CEO Michael Konnert stated “Vizsla is moving quickly to add exploration capacity at Panuco. The discovery on the Napoleon vein made it imperative that we mobilise another rig to the discovery site. The fourth drill provides the capability needed to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors.”
Endeavour Silver Corp. has rescheduled the release of its second quarter 2020 financial results for Tuesday August 4, 2020, before market and Management will host a telephone conference call the same day at 10:00am PT (1:00pm ET). To participate in the conference call, please dial the numbers below. No pass code is necessary.
As disclosed in previous news releases, COVID-19 related issues within Mexico caused delays in access to the Company’s mine sites and slowed the flow of information required for the auditors to complete their reports.
Mexican plastic pipe and chemicals company Orbia on Tuesday reported a net profit of $10.2 million for the second quarter, an 88% drop from the $84.0 million it posted during the same period a year earlier.
“We have come through a very challenging fourth quarter managing COVID-19 concerns with our operations and, at the same time, paying off $4.5million in debt and interest over the last 4 months from cash flow” reported Robert Eadie, C.E.O. and President of the Company.
José F. Serrano, Chairman and Chief Executive Officer of Grupo TMM, said, “The prolonged suspension of operations in the public, private and social sectors due to the COVID-19 pandemic, as well as the delayed recovery from the economic slowdown and the drop in global oil prices since 2019, have significantly affected the entire industry and the financial markets, with a significant impact on the Company’s operations this quarter. Nevertheless, we have implemented alternative strategies to reduce the impact on results as much as possible, while trying to maintain productivity levels in the Maritime, Ports and Terminals divisions, as well as Warehousing Services.”
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