The net proceeds of the Offering will be used to for the advancement of the Company’s Magino Project and for general corporate purposes.
Ante las dificultades económicas derivadas de la pandemia por Covid-19, el programa incrementó su alcance 81% respecto al ciclo anterior.
During the quarter, 10,053 tonnes of ore were mined at Plomosas, which was higher than the first quarter production of 9,987 tonnes, despite operations being impacted during August by the poor availability of key equipment and spare parts, some of which were due to delayed supply from suppliers and manufacturers who were shut down during the second quarter.
As reported in News Release dated, October 22nd, 2020, samples collected to check historical reporting confirmed grades of 5.663 grams per tonne gold over 6 metres and 4.322 g/t gold over 8 metres in quartz breccia bodies which we understand are typical throughout the deposit.
“Despite ongoing challenges related to the COVID-19 pandemic, Agnico Eagle’s operations had strong performance in the third quarter of 2020. Many of our operations set monthly or quarterly production records, which is a testament to the hard work of our employees and the continued support of our local communities in these difficult times”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
“We had an excellent third quarter financially and operationally with strong performances at all three operations driving costs significantly lower.”
“We are two months away from the start of a high growth phase for the Company, enhanced by innovation that will see us delivering 40% more production at 20% lower costs by 2023,” said Darren Pylot, President and CEO of Capstone.
The gross proceeds from the offering are expected to be approximately US$150 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Gatos Silver.
The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes.
Westminster Resources Ltd. announces that it has granted 1,650,000 incentive stock options to directors, officers and consultants of the Company that are exercisable at $0.175 per common share for a five-year term, in accordance with the Company’s stock option plan.
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