“In light of the National Labor Relations Board’s (NLRB) decision to prosecute ASARCO for alleged violations of federal labor laws,” said USW District 12 Director Gaylan Prescott, “the best strategy for the most bargaining leverage is to end the current strike and make an unconditional offer to return to work.”
The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (subject to completion of the proposed Territory Metals Corp. acquisition, see press release dated June 4, 2020); and, for working capital and general corporate purposes.
FCX’s 2020 revised operating plans are focused on safeguarding its business in an uncertain public health and economic environment, advancing the ramp-up of underground production at Grasberg to establish large-scale, low-cost copper and gold production, and advancing initiatives in the Americas to position FCX for significant increases in cash flows in 2021 and beyond.
Fortuna Silver Mines Inc. regrets to inform of the sudden death of a 34-year old contractor’s employee at the Caylloma Mine, located in the province of Arequipa, on Sunday, July 5, 2020. The family and authorities have been promptly informed.
Pete Dougherty, President and CEO, stated: “Despite the temporary suspension of mining, crushing and stacking activities during April and May due to COVID-19 restrictions, we still managed to produce 31,531 GEOs from our Mexican operations and generate approximately $23 million of FCF.”
Prospero Silver Corp. is pleased to announce that the previously disclosed proposed consolidation of the common shares of the Company on the basis of basis of ten pre-consolidation Shares for one post-consolidation Share is expected to take effect on July 7, 2020 under new CUSIP number 743624306, subject to final acceptance by the TSX Venture Exchange.
Mithril Resources has requested two consecutive trading halts ahead of a capital raise announcement.
“We are pleased to realize the support of long term and significant European shareholders to refinance our outstanding bridge loan at a 25% premium to yesterday’s closing share price,” stated Brendan Cahill, President and CEO.
“We envision Florida Canyon will produce an average of approximately 77,000 gold ounces per annum at all-in sustaining cost per gold ounce sold1 under $1,050 over 9.5 years, which yields a net present value at a 5% discount rate of over $232 million and generates mine site after-tax free cash flow of approximately $326 million at $1,700 gold.”
Under the agreement, First Majestic has agreed to purchase 50% of the payable silver produced from the Springpole Gold Project located in Ontario, Canada.
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