The Company intends to use the proceeds of the Private Placement for general working capital. All securities issued pursuant to the Private Placement are subject to a statutory hold period expiring on August 04, 2020, in accordance with applicable securities laws.
Sable Resources Ltd. announces the resignation of Don Njegovan as a Director of Company. The Company thanks Don for his service as a Director over the past three years and wishes him the best in his future endeavours. Ruben Padilla has joined the Board of Directors effective immediately.
FIRST MAJESTIC SILVER CORP. today announced that operations at its San Dimas, Santa Elena and La Encantada mines in Mexico will be temporarily suspended in accordance with Mexico’s Ministry of Health’s Decree to mitigate the spread and transmission of COVID-19.
The Globexplore Team would like to reach out to you during these extremely challenging times. Everyone reading this should be proud to contribute their small part to the great importance the Mining industry provides to the well-being and future of our society.
El equipo de Globexplore desea contactarte durante estos tiempos extremadamente desafiantes. Todo el que lea esto deberá sentirse orgulloso de contribuir, aunque sea en pequeña parte, a la importancia que la industria minera brinda al bienestar y al futuro de nuestra sociedad.
Doug Ramshaw, President, stated, “The strength of our partnership with Osisko has never been more clearly demonstrated than by their continued financial support during the current global uncertainty in equity markets. We remain fortunate we can access their financial and technical resources that allow us to remain on track to transition to gold producer in late 2020. Currently, our current working capital remains sufficient to execute our previously announced construction plans at Santana.”
The claim is situated contiguous with Southern Silver’s Cerro Las Minitas mineral property, operated as a joint venture between Southern Silver and Electrum Global Holdings LP.
Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. A total of 36,600,000 common shares of Orla were fully subscribed and sold at a price of C$2.05 per Common Share, for aggregate gross proceeds to the Company of C$75,030,000.
Desde las primeras informaciones sobre la propagación del virus COVID-19 en el mundo, Grupo México instrumentó acciones preventivas de higiene y protección en sus instalaciones mineras, para salvaguardar la salud de sus trabajadores, sus familias y las comunidades cercanas. Hasta hoy, no se ha registrado ni un solo caso de contagio en las unidades de trabajo de la empresa.
GREAT PANTHER MINING LIMITED announces that it has initiated an orderly and safe suspension of mining and processing activities at the Guanajuato Mine Complex and the Topia Mine until April 30, 2020. The suspension complies with the directive of the Mexican Federal Government announced on March 31, 2020 to mitigate the spread of COVID-19.
Mithril Resources Limited [ASX: MTH] (“Mithril” or “the Company”) reports that the Mexican Federal Government announced a suspension of all non-essential activities in Mexico for 30 days to contain the advancement of COVID-19 virus from March 30 to April 30, 2020. As a result of this declaration, Sun Minerals Pty Ltd (“Sun Minerals”) will temporarily suspend outside personnel from entering the Copalquin project area at least until April 30, 2020 to limit potential exposure of personnel and nearby communities to the Virus.
“We’re extremely excited to begin this next chapter in Energold’s history,” announced Brian N. Mittman, the new CEO of Energold. “With the CCAA filing behind us, we look forward to continuing to provide world-class drilling services and to a future of steady, profitable growth.”
On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which includes the suspension of all non-essential activities, including mining, until April 30, 2020. As a result, the Company has initiated the orderly temporary suspension of mining and processing activities. A reduced task force will remain on site to safeguard critical infrastructure and maintain environmental monitoring through the suspension period.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Drill hole 13 has been a significant breakthrough for the company. In addition to high-grade zinc, we have now identified a new geological unit, a black slate, that we hit for the first time. The black slate unit contains the most sulphides discovered to date in the drilling at Tabasquena.”
“We are very pleased with these results and the major increase in potential open pit material”, said Prime COO Gregory K. Liller. “The successful Prime sampling program, started in September 2019, allowed us to evaluate the tonnage and grade in areas between the unsampled outcrop and the drilled subsurface. The sampling program confirmed our belief that the mineralized zones are substantially wider than previously modeled. We believe our planned 2020 exploration program will build on this success with emphasis on three target efforts: 1) down dip and along strike in the pit areas; 2) between pits to connect them together; and, 3) the remaining 60% of Los Reyes’s undrilled structures where outcrop grab samples are similar to sample results in the Updated Resource.”
Thomas A. Doyle, President, CEO stated: “We recognize the seriousness of the COVID-19 pandemic and we will continue to take precautionary measures. The health and safety of our workforce, their families and the communities in which we operate is paramount and we continue to be dedicated to maintaining a safe work environment.”
Torex Gold Resources Inc. announces that consistent with the COVID-19 related decree issued by the Government of Mexico for all non-essential businesses in the country to temporarily suspend operations, production at the Company’s El Limón Guajes mine will be suspended until April 30, 2020. Guidance is also suspended until further notice.
At the first closing, Guerrero issued 3,420,800 Subscription Receipts at an issue price of C$0.90 per Subscription Receipt for gross proceeds of approximately C$3.08 million. Guerrero expects to hold a second closing of the private placement in April in order to accommodate investors dealing with longer approval and processing periods due to the Covid-19 pandemic.
Pan American Silver Corp. announced today that Mexico’s Ministry of Health has issued an Executive Order for the immediate suspension of non-essential activities until April 30, 2020 in response to the COVID-19 pandemic. Following an initiative of reducing the number of people on site to increase physical distancing, Pan American will now expand this program in order to bring its La Colorada and Dolores operations into compliance with the Executive Order.
The Company is following World Health Organization protocols and local government rules and recommendations at all its projects and corporate offices. Office employees are working remotely wherever possible. Certain business restrictions have been implemented in Mexico, but currently the Company’s oxide mill at Velardeña (Durango State, Mexico) continues to operate normally as it processes ore for Hecla Mining Company’s San Sebastian mine per the terms of an existing agreement.
Golden Minerals President and Chief Executive Officer Warren M. Rehn remarked, “The Velardeña mines now present an attractive scenario for a potential restart. The most difficult challenge we previously faced at the Velardeña mines was the low payable gold recovery, a challenge which we believe is solved with the addition of a relatively low-cost bio-oxidation circuit at our existing processing facility.”
Vizsla Resources Corp. reports that the Company is postponing its Mexican exploration operations at the Panuco project in accordance with the recent announcement by the Mexican Federal Government to temporarily suspend all non-essential business operations until April 30, 2020, in response to the COVID- 19 virus outbreak. During this time, however, the Company expects to release drill assays from the Project.
Bradford Cooke, Endeavour CEO, commented, “Suspending our mining operations on a temporary basis is the best way to ensure the health of our work force during this COVID-19 crisis. We are also working with the local communities to protect the health of the local people, inform them of the precautions needed to stay healthy, and provide medical supplies, masks, cleaners and disinfectants as needed.”
“We stand with the People and Government of Mexico, as we all have a part to play in stopping this global pandemic,” stated Brendan Cahill, President and CEO. “We hope that the significant steps Mexico has taken will save lives across the country. We stand ready to safely resume operations at the appropriate time to contribute to our local economies and critical global supply chains.”
“While we have not experienced a known or suspected case of COVID-19 in the Company, safety and the health of our employees, contractors, and communities where we are operating is our top priority in this unprecedented time. Parral’s operation, being a heap leach, makes it essential to continue the circulation of leaching solution which will continue to produce silver and gold during this period. All essential employees for this operation will follow safety protocols and precautionary measures, while exploration activity at Los Ricos will be temporarily suspended allowing our team to focus remotely on a resource model,” said Brad Langille, President and CEO.
Office: +52 (662) 688-5815
Mexico Mining Center © 2019 / All Rights Reserved