Author: Josue Gomez

McEwen Mining Upsizes Flow-Through Financing

McEwen Mining Inc. is pleased to announce that due to strong investor demand, it has increased its previously announced non-brokered private placement from 6,136,000 common shares (CDN$10,001,680) to 7,056,400 common shares (CDN $11,501,932) of the Corporation issued on a flow-through basis at a price per share of CDN $1.63, with an option to increase the Offering from 920,400 FT Shares (CDN$1,500,252) to 1,058,460 FT Shares (CDN$1,725,290) exercisable at any time up to two business days prior to the closing of the Offering by way of a non-brokered private placement.

Sonoro Gold to Evaluate Viability of a 20,000 TPD Heap Leach Operation

Sonoro Gold Corp. is pleased to report very favourable results from its current step-out and infill drilling programs. The current programs have demonstrated a material expansion of several mineralized zones, most notably at Japoneses, Buena Suerte, Veta de Oro, El Rincon and El Colorado (see map below). Based on these results, the Company is revising the parameters for a planned Preliminary Economic Assessment (PEA) to assess the viability of Heap Leach Mining Operation (HLMO) by increasing the target conceptual capacity from 8,000 tonnes per day to 20,000 tpd.

Alamos Gold Announces Renewal of Normal Course Issuer Bid

Alamos Gold Inc. today announced that it has filed with and received acceptance from the Toronto Stock Exchange, for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 35,145,504 Class A Common Shares, representing 10% of the Company’s public float of the Common Shares as of December 14, 2020, being 351,455,040 Common Shares.

Tamino Minerals Inc. Engages Executive Industries

Tamino Minerals, Inc. is pleased to announce the engagement of Executive Industries to facilitate the removal of the stop sign on OTC Markets from the company’s current information. Executive Industries, a division of Here To Serve Holding Corp. is going to immediately begin the task of doing the accounting for Tamino Minerals Inc. for the last two years to qualify Tamino for Pink Sheet “current” status.

Endeavour Silver Agrees to Sell El Cubo Mine in Guanajuato, Mexico to VanGold Mining Corp. for US $15 Million Plus Additional Contingent Payments

Bradford Cooke, CEO of Endeavour commented, “We are pleased to enter into this transaction to sell our El Cubo assets to VanGold. They are an ideal fit given the proximity of the Pinguico property to the El Cubo plant. We will become VanGold’s largest shareholder and look forward to supporting the VanGold team as they advance the Pinguico and El Cubo assets through exploration and development to production.”

Ridgestone Announces Option to Acquire 100% Interest in the Advanced-Stage Guadalupe y Calvo Project in Mexico

Jonathan George, CEO and Director of Ridgestone, commented, “We are excited to acquire a high-quality, high-grade gold-silver project with such a prolific mining history in the Sierra Madre mining district at an accretive value for our shareholders. This acquisition bolsters our Mexican project portfolio, in conjunction with our 100%-owned high-grade Rebeico Gold-Copper project.”

GoGold Reports Net Income of $43.1M US for Year Ending September 30, 2020

“Parral had a record production year and a record quarter which generated $6.5 million US of cash flow, paying for all of our exploration and general and administrative costs. We have one of the largest drilling programs in Mexico and we are currently self funding from operations at Parral.”

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