Month: June 2021

Plomosas Mine Operations Update

Brad Marwood, Managing Director of CZL advised “The issues with the mill are disappointing particularly after an independent prepurchase inspection was commissioned. But the performance of the site team who have addressed each issue and have a plan to improve plant availability and plant utilisation, is pleasing and positive. Once completed the modifications and refinements are expected to deliver superior performance.”

Capstone Publishes 2020 Sustainability Report

Darren Pylot, Capstone’s President and CEO commented, “Our 2020 Sustainability Report reaffirms our unwavering commitment to sustainability and is a reflection of the key role that sustainability improvements play in our business and our long term goal of creating value for all stakeholders.”

GoGold Presents Its First Sustainability Update Outlining ESG Practices

“We’re pleased to release our first Sustainability Update which outlines our vision, values, and achievements related to ESG practices. Silver is a metal that is a key component of the emerging green economy. As we remove old mine tailings from within the city of Parral, we produce silver at a low carbon footprint of 0.004 tCO2e per ounce of silver produced,” said Brad Langille, President and CEO.

Orla Mining Announces US$35 Million Financing

The net proceeds from the financing will be used for development activities at the Camino Rojo Oxide Gold Project and at the Cerro Quema Oxide Gold Project, exploration activities, technical studies on the Camino Rojo Sulphide Project, and for general corporate purposes.

Almaden Announces Results of Annual General Meeting

Duane Poliquin, Chairman of Almaden, stated “We would like to thank our shareholders for their support. Mark Brown did not stand for election to the Board this year as he has decided to focus on other business interests. We thank Mark for his years of service to the Company. At the same time, we welcome Ria Fitzgerald as a new Almaden Board member.”

Magna Gold Achieves Full-Scale Commercial Production at San Francisco on Schedule

Arturo Bonillas, President and CEO of Magna stated: “We are all extremely proud of the Magna team for achieving this tremendous milestone on schedule. Achieving full-scale commercial production in such a short period of time is a testament to the hard work and quality of our Mexico-based operations team and as a company, we have demonstrated our ability to execute on all our target deliverables.”

Silver Tiger Intersects 4,461.4 gpt AgEq Over 0.5 Meters in the Sooy Vein

Silver Tiger’s CEO, Glenn Jessome, stated, “We have stepped out 55 meters to the south from our initial discovery hole on the Benjamin Vein and the super high grade silver within wide mineralized zones continues to hold. It is apparent that the Benjamin is the northern extension of the Sooy Vein.”

Reyna Silver Adds Second Drill Rig to Guigui Project

“The exploration team is delighted that the Board has given us another drill rig to drill targets that emerged through our exploration to date,” said Dr. Peter Megaw, Chief Exploration Advisor to Reyna Silver. “We have a large area in which to seek the source intrusion, so the second rig gives us the flexibility to follow up on initial holes while continuing to drill our initially identified targets.”

Fortuna and Roxgold Shareholders Approve Business Combination to Create a Global Premier Growth-Oriented Intermediate Gold and Silver Producer

Following completion of the Arrangement, current Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the outstanding Fortuna Shares, respectively. Post-arrangement, Fortuna will continue under the name “Fortuna Silver Mines Inc.” with the ticker symbol “FVI” on the Toronto Stock Exchange and “FSM” on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna.

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