SSR Mining Reports Fourth Quarter and Year-End 2020 Results
February 17, 2021
Rod Antal, President and CEO said, “We exited 2020 with strong operational and financial momentum across all four of our operating assets…”
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Rod Antal, President and CEO said, “We exited 2020 with strong operational and financial momentum across all four of our operating assets…”
“We are excited to see how drilling at the El Capitan oxide gold zone at the Penoles project is expanding gold mineralization down-dip and along strike from the drilling that was used for the maiden 43-101 Resource (2015). In addition, the discovery and delineation of the Hanging Wall Zone provides an opportunity to expand the near-surface gold mineralization and enhance the overall project.”
“We are pleased to continue delivering industry-leading returns through the highest dividend in the gold sector at an annualized payout of $2.20 per share and a dividend yield of over 3.5%,” said Tom Palmer, President and Chief Executive Officer.
Greg McKenzie, President and CEO commented: “We are pleased to see the current drill program is advancing with strong productivity, despite challenges associated with COVID. Infill sampling and assays of previously unsampled areas have generated insight, and allow us to significantly expand mineralized areas, improve continuity and has demonstrated higher grades. As our exploration program continues over the coming months, we look forward to unlocking further value on the San Diego Project.”
“Graduating to the OTCQX highlights the recent growth at Heliostar as we progress our high-grade gold projects in Alaska and Mexico.”
“Casados, like El Orito, is the second major epithermal silver and gold discovery our exploration team has made since we began working on the Los Ricos North property only 8 months ago,” said Brad Langille, President and CEO. “These discoveries, along with the resource drilling at El Favor and La Trini, we believe will be paramount to the team defining a significant Mineral Resource Estimate at Los Ricos North in 2021. This additional discovery at Casados continues to strengthen our belief that Los Ricos North is a very large mineralized system.”
Subject to acceptance of the TSX Venture Exchange, the Private Placement is expected to close immediately prior to or concurrent with the Company’s acquisition of the El Cubo mine and mill complex.
“Magna has a promising portfolio of silver projects in Mexico and an ambitious exploration program planned for the year. We expect good results from Margarita, as well as our other properties, and we look forward to reporting the results over the course of 2021.”
Orogen Royalties Inc. announces that further to Company’s news release of February, 10th 2021, the private placement has been cancelled. The Company also announces the resignation of Mr. Paul van Eeden as Director and Chairman of the Company.
“We are very pleased with the results from our inaugural drill program at San Javier. While previously thought to be controlled by low angle structures, our new drill results suggest that the high-grade gold is associated with higher-angled structures in close proximity to what we believe is a heavily mineralized breccia pipe system seen in the drill core.”
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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