La mexicana Minera Frisco , del grupo de empresas del magnate Carlos Slim, convocó el miércoles a una asamblea extraordinaria para el 23 de octubre, en la que pondrá a consideración de sus inversionistas la fusión con Minera CX, una de sus unidades de negocio.
“This was the right time to do a reverse split. The company has had to use convertible loans and share offerings to keep the business moving forward. I believe that the need for future loans and the risk of additional dilution is now ended given our recent discoveries. I also believe that the combination of less shares in the market along with our recent findings will allow the stock to move to a much higher level which will be a true representation of the company’s value.” added Mexus CEO, Paul Thompson.
“Hecla’s strong operating performance was from increasing silver production at Greens Creek and Lucky Friday and managing COVID-19 at all the mines,” said Phillips S. Baker, Jr., President and CEO.
Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be working with Hochschild Mining’s fine exploration staff, as together we are refining and detailing excellent drill targets. We are particularly pleased that our sampling programs have demonstrated the link between the Santa Rosalia Mine and Santa Rosalia Sur targets. We have worked safely and effectively through COVID-19 and our in-country Mexico team now has the field camp set up with all operational capabilities to commence drilling this fall.”
Bradford Cooke, Endeavour CEO, commented, “After riding out a challenging Q2 with our mining operations suspended for more than half the quarter, due to the government COVID-19 mandate, our operations team were able to deliver a return to our production plan in Q3, 2020. I commend all of our employees for quickly and fully embracing our COVID-19 precautionary measures to prevent contagion at our mine sites.”
“We have reached a conclusion to the strike at the Avino Mine. Negotiations were ongoing during the last 12 weeks and a successful resolution to a challenging situation has been achieved,” said David Wolfin, President and CEO.
Torex Gold Resources Inc. announces Q3 2020 gold production of 131,790 ounces, which is the second-highest quarter of production ever from its El Limón Guajes operations
Total production across our operations for the third quarter of 2020 was 56,472 gold equivalent ounces, demonstrating strong production recovery after being negatively impacted by the COVID-19 pandemic in the first and second quarters of 2020.
CEO and President of IMPACT Silver, Fred Davidson, comments, “While IMPACT exploration focuses on near-term increases to mine area tonnage and brownfield opportunities, transactions such as this one with promising junior explorers with access to capital allow IMPACT to unlock additional value and exploration upside without time commitment and capital from our team. With over 200 square kilometers of land, we believe we have just scratched the surface and invite a dynamic company such as Red Oak to share our exploration upside.”
The proceeds from the Private Placement are expected to be used by the Company to purchase underground equipment for its Zimapan property and for general working capital and corporate purposes.
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