Jonathan George, CEO comments: “We are excited to have closed this first tranche of the private placement, which allows us to secure and finalize our upcoming maiden drill program on our Rebeico project’s New Year zone, where high-grade gold has been encountered.”
Spectral Evolution will introduce the oreXplorer and oreXpert portable field spectrometers at this year’s PDAC convention in Toronto. The rugged units allow real-time mineral analysis.
Kootenay President and CEO, James McDonald stated: “We are pleased and honoured to be recognized as a top 50 performer in the 2020 TSX Venture 50™. This selection not only validates the quality silver assets assembled by the Company but also recognizes the hard work conducted by our talented technical and administrative teams in Mexico and Canada.”
San Marco Resources Inc. announces that it has closed its over-subscribed non-brokered private placement by raising C$ 784,849.91 from the issuance of 5,813,703 units at a price of $0.135 per unit.
“We have a strategic plan for the Los Ricos district which includes consolidation of concessions and drilling for ounces. With the completion of the latest concession acquisitions and our financing, we will be adding drill rigs and accelerating our exploration to showcase the Los Ricos district to be one of the most prospective in Mexico” said Brad Langille, President and CEO.
Fortuna Silver Mines, Inc. is pleased to provide 2020 production, cost, and capital expenditures guidance for its mining operations in Latin America.
Freeport-McMoRan Inc. announced today that it has priced an upsized offering of $1.3 billion of senior notes (collectively, the Notes). The offering size was increased to $1.3 billion from the previously announced $1.0 billion aggregate principal amount.
“Strong, low cost production generated operational cash flow of $282 million in 2019, which allowed Pan American to retire $60 million of debt, dividend approximately $29 million to shareholders, invest in new projects such as our La Colorada skarn discovery, and increase our cash position,” said Michael Steinmann, President and Chief Executive Officer of the Company.
“We reported a solid fourth quarter and 2019. We met our production guidance for the fifth consecutive year, and we met our cost guidance with a 10% reduction in total cash costs from a year ago. Stronger gold prices and lower costs drove a 40% increase in operating cash flow,” said John A. McCluskey, President and Chief Executive Officer.
“Higher precious metals prices and strong performance from our primary gold operations drove a 14% increase in revenue, an 11% increase in adjusted EBITDA, and a four-fold increase in operating cash flow,” said Mitchell J. Krebs, President and Chief Executive Officer.
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