Author: Josue Gomez

Bradford Cooke, Endeavour CEO, commented, “I am pleased to report that notwithstanding the suspension of mining operations during the 2nd quarter due to the COVID-19 pandemic, Endeavour was able to reduce its net loss quarter-on-quarter, as each mine generated positive Mine Free Cash Flow thanks to improved operating performance and higher precious metal prices. After the mines restarted, we were able to outperform our adjusted mine plans in June. We are now looking for opportunities to enhance safe production in H2, 2020.”

The net proceeds from the Offering will be used principally to fund Sonoro’s previously announced exploration and development plans at its Cerro Caliche Project located in Sonora, Mexico and project property maintenance payments, and secondarily for corporate and general administrative expenses.

Luis Marchese, CEO of Sierra Metals commented, “The Yauricocha Mine had a good second quarter despite the negative implications of the COVID-19 related shutdowns.”

Hasta el momento, Minera Saucito es la primera filial de Fresnillo PLC en obtener la certificación internacional ISO 45001: “Sistemas de gestión de la seguridad y salud ocupacional en el trabajo“, por parte de la compañía internacional BSI Group, debido a la implementación de acciones para disminuir riesgo de lesiones y enfermedades recurrentes en el sector.

Mexican mining company Industrias Peñoles, one of the world’s largest silver producers, said in a statement on Friday that it has completed the placement of international bonds worth $600 million in two issues that were both oversubscribed.

Scott Perry, President and Chief Executive Officer of Centerra stated, “We continue to stay vigilant at all of our operations to prevent an outbreak and avoid the spread of the COVID-19 virus and to ensure the health, safety and well-being of our employees, contractors and communities. At our Öksüt operation, we have celebrated a recent safety milestone, when on July 19, 2020, Öksüt achieved 3 million work hours without a lost time injury. Our continued commitment to Work Safe Home Safe is a driving force behind achieving such milestones.”

The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties located in Mexico and for general working capital purposes.