Author: Josue Gomez

During the nine months ended September 30, 2020, the exploration team completed 146,000 metres of in-fill and expansion drilling at the Las Chispas Project located in Sonora Mexico.

The Secondary Offering will consist of, initially, 3,500,000 Shares (corresponding to approximately 4.9% of the total outstanding Shares on the date hereof) owned by the Selling Shareholders, in Brazil, exclusively in the form of BDRs, of which 2,100,000 BDRs will be offered by ARC Fund and 1,400,000 BDRs will be offered by Ruffer.

Gold production in Mexico’s COVID-19-hit mines has resumed and financial prospects look good. Mining companies want to meet increased global demand while prices remain high.

David Wolfin, President and CEO commented, “Avino’s operating performance for the third quarter was directly impacted due to the strike action at the mine by the Company’s unionized workers, which halted production activities during Q3 2020.”

Sandeep Singh, President of Osisko commented on the activities of the third quarter of 2020: “We had a very strong third quarter with production rebounding well and other significant catalysts. The spin-out transaction announced on October 5th is an important strategic milestone for the Company. It greatly simplifies Osisko into a pure-play royalty and streaming company, while maintaining exposure to the company-making assets contributed to Osisko Development.”