Author: Josue Gomez

Coeur Mining, Inc. today announced that it has begun taking steps toward the temporary suspension of active mining and processing activities at its Palmarejo gold-silver complex in the State of Chihuahua, Mexico in accordance with a government-mandated decree in response to the 2019 novel coronavirus. The decree, issued by the Federal government of Mexico, restricts all non-essential business activities through April 30, 2020. The Mexican government provided additional guidance on the decree on April 6, 2020, clarifying that mining does not qualify as an essential business activity.

“Hecla’s quick response to the COVID-19 outbreak began in February and has protected our workforce, enabling them to continue to safely operate our mines,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “While government orders have shut down two mines, our U.S. mines continue to operate as planned. Our balance sheet is strong with over $200 million in cash, and no near-term debt maturities with our revolver debt not due until 2023 and senior notes in 2028. Also, our charitable foundation is stepping up to support the communities we operate in during this time of need.”

Whilst the mining sector has not been deemed an essential service, the Government has instructed and authorised government authorities to consider and grant exemptions for mines based on individual circumstances.

ALORO MINING CORP. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 16,000,000 units at a price of $0.025 per Unit for gross proceeds of up to $400,000.

IMPACT Silver Corp. announces its financial and operating results for the year ended December 31, 2019, and temporary suspension of operations until April 30 to comply with a Mexican government decree for the mining industry in response to the COVID-19 pandemic.

“The health and safety of our employees, union partners, contractors and the communities in which they work and live are a priority,” said Ralph Shearing, President and CEO of Telson Mining. “We will continue to provide significant support to our employees and where possible to local community residents. To date, Telson has not experienced any incidents related to COVID-19 at its sites or corporate offices.”

Aztec intends to use the net proceeds from the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona, and for general working capital purposes.

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.