Category: Investor’s Corner

Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico” for the updated Proven and Probable Mineral Reserves and positive results announced on September 9, 2020.

Douglas Fulcher, CEO and director of the Company commented, “we have confidence in the innovative services that Cognitive provides, not only its in-depth knowledge of technologies but also its leading-edge approach to increasing capital market awareness.”

“The ramp-up of our drilling program has been slower than planned due to difficulty staffing the three contract rigs at site.”

In February 2020, the Company announced that an illegal blockade was put in place at the Cosalá Operations by a group of individuals including a small minority of the Company’s hourly workforce.

Carlos Silva, CEO of Santacruz stated, “Receiving recognition for IRMA Transparency is an important milestone as we advance along IRMA’s process. This norm will help us to continue to improve our business practices that go beyond industry standards for social responsibility, which translates into a culture of mutual respect and ultimately success for the Company and its employees as we strive to meet our corporate objectives.”

“This enables us to hit the ground running as we prepare for our initial drilling program. A formal historical data compilation is in progress and will be used for the development of an updated geological model to aid in identifying regional hot spots for follow up exploration.”

Fortuna Silver Mines Inc. is pleased to report the first gold pour from its Lindero Mine located in the Province of Salta in Argentina. The pour took place today, on Tuesday, October 20, 2020, and produced 728 ounces of gold.

The earthquake was felt at site, but no injuries or damage was noted, and exploration activities have resumed today.

Alamos may acquire a 70% interest from Aloro by incurring an aggregate of USD$5,000,000 in exploration expenditures and making certain cash payments over the course of three years in two mining concessions (title numbers 244241 and 246230), commonly known as the Los Venados Project located in the Municipality Sahuaripa, in the State of Sonora, Mexico.

The Company intends to use the net proceeds from the Financing for the exploration and advancement of the Company’s principal assets in Guatemala and for general corporate purposes.

Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle is excited to have completed the initial core drilling program with HDI affiliate UMS at the Mack copper-molybdenum-tungsten-gold target near Dease Lake, B.C.”

On the Effective Date, the Company’s name will change to Heliostar Metals Ltd. and it will begin trading on the TSX Venture Exchange under the symbol HSTR.V.

The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project; and, for working capital and general corporate purposes.

Akiba Leisman, Chief Executive Officer of Mako states that “this updated technical report confirms San Albino’s rank among the highest-grade open pit gold projects in the world.”

Thomas Atkins, President and CEO of Mammoth commented on Centerra ceasing exploration activities in Mexico, stating: “Travelling back to the project area, myself and Richard Simpson, V.P. Exploration at Mammoth, received a warm welcome after being absent the region the past 20 months. It was terrific seeing friends and acquaintances and discussing plans and the importance of our working together going forward for our mutual benefits.”

Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 5,400,000 units at $0.25 per Unit.

Production rebounded during Q3 after the successful restart of all four of our operations, which were temporary suspended during Q2, largely due to actions taken to prevent the spread of COVID-19 amongst our workers, business partners, and communities.

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.

“After losing production as a result of COVID-19 pandemic government mandatory shut down earlier this year and dealing with operational difficulties largely related to the SAG mill failures, with the new liner design fully installed and performing above expectations, we now have Campo Morado Mine operating at full capacity and achieved a very good month of production in September”, states Ralph Shearing, president and CEO of Telson.

Con su Programa de Manejo y Vigilancia Ambiental (PMVA), la unidad minera ha logrado el rescate y reubicación de 24 especies vegetales nativas o endémicas de la región. Entre ellas destacan el 100% de las cactáceas, presentes en el sitio, que son fundamentales como alimento y abrigo para el caso del berrendo sonorense y demás fauna nativa local.

Gold Resource Corporation reports preliminary record Nevada gold production results for the third quarter ended September 30, 2020, which contributed to consolidated production of 12,575 gold ounces, 333,761 silver ounces and significant base metals. Nevada gold production increased by 51% as the production ramp up phase continues.

“Our operations team performed exceptionally well in Q3 in all areas, managing the restart and delivering record mined tonnage from Platosa, while keeping our people safe through the threat of COVID-19,” stated Brendan Cahill, President & CEO.

“Parral continues to perform extremely well for us, with record production in both the quarter and the year. We produced 2.3 million silver equivalent ounces in our fiscal year ending in September, which is an increase of 29% compared to the prior year.”