Month: April 2021

Agnico Eagle Announces Election of Directors

Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 30, 2021, each of the ten nominees listed in the management information circular dated March 22, 2021, were elected as directors of Agnico Eagle.

Golden Tag Initiates Geologic Interpretation Program, in Partnership with Orix Geoscience, on San Diego Project

Greg McKenzie, President and CEO commented: “We look forward to working with Orix’s strong team, to jointly enhance the geological model, which to date was generated from the exploration programs performed from 2006-2012. The new understanding of the broad zones of skarn style mineralization will helping to locate future drill targets, explaining the results to investors, and integrating results into future mineral resource updates.”

Oroco Increases Santo Tomas Interest

Oroco Resource Corp. is pleased to announce that it has entered into agreements with Ruben Rodriguez Villegas of Mexico City to acquire 25 shares of Xochipala Gold, S.A. de C.V. for US$1.5 million. Xochipala Gold holds 100% of the registered title (85% of the beneficial ownership) to the seven core concessions (the “Core Concessions”) of the Company’s Santo Tomas Project.

Starcore International Files Early Warning Report

Starcore International Mines Ltd. has filed an Early Warning Report in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues, in connection with the acquisition of 4,100,000 shares of IM Exploration Inc. at a deemed price of $0.15 per share, as consideration for the assignment to IM of Starcore’s right to acquire a 100% interest in the Toiyabe Gold Project in Lander County, Nevada.

Agnico Eagle Reports First Quarter 2021 Results – Record Quarterly Gold Production; Drilling Identifies Potentially Significant Extension to the East Gouldie Zone at Odyssey; Updated Climate Change Strategy Outlined in 2020 Sustainability Report

“Building on the back of strong operating results in the second half of 2020, we are reporting our second consecutive quarter of record production, with strong operational and safety performance at all of our key mines and better than forecasted costs. The Company remains on track to hit its production and cost guidance for 2021, and we expect to generate strong free cashflow during the year,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

Discovery Reports Q4 2020 Financial Results and Update

Discovery’s flagship project is our 100%-owned Cordero project located in Chihuahua State, Mexico. We are aggressively advancing the Project through a 66,000 metre drill program in 2021 focused on delineating a high-margin silver project with size and scaleability.

Newmont Delivers Solid First Quarter 2021 Results

“In the first quarter we delivered a solid financial performance with $1.5 billion in adjusted EBITDA and $442 million in free cash flow, putting Newmont on track to achieve our full-year guidance with improving production expected in the second half of the year. We remain confident in the strength of our business as we invest in our world-class portfolio, strengthening the balance sheet and sustaining our quarterly dividend of $0.55 per share,” said Tom Palmer, President and Chief Executive Officer.

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