The administrative and legal proceedings initiated by the Company against the DGM in 2018 to remove reference to the royalty on the title register, are progressing in accordance with the procedures of the Mexican Administrative Court.
J. Duane Poliquin, Chairman of Azucar commented, “We continue to push on with our comprehensive two year intensive drill program at the El Cobre project. The drill program has identified multiple zones of porphyry mineralisation within a large area of hydrothermal alteration. The footprint of the system is very large and future work will be focused on searching for the core feeder zones of this large system.”
Newmont Corporation announced today that it has commenced offers to purchase for cash up to the applicable Maximum Principal Tender Amount set forth in the table below (as such amount may be increased or decreased in Newmont’s sole discretion) of (i) the 3.500% Senior Notes due 2022 issued by Newmont, (ii) the 3.700% Notes due 2023 issued by Newmont and (iii) the 3.700% Notes due 2023 issued by Goldcorp Inc., a wholly-owned subsidiary of Newmont.
Ridgestone Mining Inc. is pleased to announce the appointment of Mr. Steven I. Weiss, PhD, CPG, as Chief Independent Technical Advisor for its Rebeico Gold and Copper Project, located in Sonora, Mexico.
Newmont Corporation announced today its intention to offer, subject to market and other conditions, senior unsecured notes pursuant to the Company’s shelf registration statement filed with the Securities and Exchange Commission.
An aggregate of 25,335,000 Common Shares were issued by the Company at a price of $1.50 per Common Share for aggregate gross proceeds of $38,002,500.
The Company’s new focus is in the Red Lake district of Ontario after a series of option agreements and acquisitions recently announced.
In Mexico, the company said an induced polarisation magnetic survey was underway at the Donovan 2 copper-gold project and an underground sampling program was being finalised for its San Celso silver project.
Silver Spruce Resources Inc. announced today that that it has completed its non-brokered private placement for total proceeds of $259,500.
Aura Minerals Inc. is pleased to announce that the Company has filed a draft of a preliminary prospectus and draft of a Formulário de Referência with the Brazilian Securities Commission for the purposes of completing an initial public offering in Brazil and concurrent listing of Brazilian depositary receipts on B3 S.A. – Brasil, Bolsa, Balcão.
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