Category: Investor’s Corner

Candelaria Mining Closes $1,059,261 Private Placement Financing

The Company intends to use the proceeds of the Private Placement for general working capital. All securities issued pursuant to the Private Placement are subject to a statutory hold period expiring on August 04, 2020, in accordance with applicable securities laws.

Sable Resources Ltd. Announces Change in Director and Grant of Options

Sable Resources Ltd. announces the resignation of Don Njegovan as a Director of Company. The Company thanks Don for his service as a Director over the past three years and wishes him the best in his future endeavours. Ruben Padilla has joined the Board of Directors effective immediately.

First Majestic Provides Update on Operations in Response to COVID-19

FIRST MAJESTIC SILVER CORP. today announced that operations at its San Dimas, Santa Elena and La Encantada mines in Mexico will be temporarily suspended in accordance with Mexico’s Ministry of Health’s Decree to mitigate the spread and transmission of COVID-19.

How You Can Help Mexico Recover From COVID-19

The Globexplore Team would like to reach out to you during these extremely challenging times. Everyone reading this should be proud to contribute their small part to the great importance the Mining industry provides to the well-being and future of our society.

Cómo Puede Ayudar a México a Recuperarse de COVID-19

El equipo de Globexplore desea contactarte durante estos tiempos extremadamente desafiantes. Todo el que lea esto deberá sentirse orgulloso de contribuir, aunque sea en pequeña parte, a la importancia que la industria minera brinda al bienestar y al futuro de nuestra sociedad.

Minera Alamos Receives $5,000,000 from Santana Royalty Closing

Doug Ramshaw, President, stated, “The strength of our partnership with Osisko has never been more clearly demonstrated than by their continued financial support during the current global uncertainty in equity markets. We remain fortunate we can access their financial and technical resources that allow us to remain on track to transition to gold producer in late 2020. Currently, our current working capital remains sufficient to execute our previously announced construction plans at Santana.”

Orla Mining Announces Closing of C$75,030,000 Bought Deal Financing

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. A total of 36,600,000 common shares of Orla were fully subscribed and sold at a price of C$2.05 per Common Share, for aggregate gross proceeds to the Company of C$75,030,000.

Grupo México Cumple Medidas Frente a la Pandemia de COVID-19

Desde las primeras informaciones sobre la propagación del virus COVID-19 en el mundo, Grupo México instrumentó acciones preventivas de higiene y protección en sus instalaciones mineras, para salvaguardar la salud de sus trabajadores, sus familias y las comunidades cercanas. Hasta hoy, no se ha registrado ni un solo caso de contagio en las unidades de trabajo de la empresa.

Great Panther Announces Temporary Suspension of Mexican Operations

GREAT PANTHER MINING LIMITED announces that it has initiated an orderly and safe suspension of mining and processing activities at the Guanajuato Mine Complex and the Topia Mine until April 30, 2020. The suspension complies with the directive of the Mexican Federal Government announced on March 31, 2020 to mitigate the spread of COVID-19.

Mithril Resources Limited – COVID-19 Impact Update

Mithril Resources Limited [ASX: MTH] (“Mithril” or “the Company”) reports that the Mexican Federal Government announced a suspension of all non-essential activities in Mexico for 30 days to contain the advancement of COVID-19 virus from March 30 to April 30, 2020. As a result of this declaration, Sun Minerals Pty Ltd (“Sun Minerals”) will temporarily suspend outside personnel from entering the Copalquin project area at least until April 30, 2020 to limit potential exposure of personnel and nearby communities to the Virus.

Energold Completes Restructuring, Operations Emerge from CCAA

“We’re extremely excited to begin this next chapter in Energold’s history,” announced Brian N. Mittman, the new CEO of Energold. “With the CCAA filing behind us, we look forward to continuing to provide world-class drilling services and to a future of steady, profitable growth.”

Fortuna provides an update on its response to the worldwide spread of COVID-19

On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which includes the suspension of all non-essential activities, including mining, until April 30, 2020. As a result, the Company has initiated the orderly temporary suspension of mining and processing activities. A reduced task force will remain on site to safeguard critical infrastructure and maintain environmental monitoring through the suspension period.

Guerrero Ventures Closes First Tranche of Subscription Receipt Private Placement

At the first closing, Guerrero issued 3,420,800 Subscription Receipts at an issue price of C$0.90 per Subscription Receipt for gross proceeds of approximately C$3.08 million. Guerrero expects to hold a second closing of the private placement in April in order to accommodate investors dealing with longer approval and processing periods due to the Covid-19 pandemic.

Pan American Silver Provides Operations Update in Response to COVID-19

Pan American Silver Corp. announced today that Mexico’s Ministry of Health has issued an Executive Order for the immediate suspension of non-essential activities until April 30, 2020 in response to the COVID-19 pandemic. Following an initiative of reducing the number of people on site to increase physical distancing, Pan American will now expand this program in order to bring its La Colorada and Dolores operations into compliance with the Executive Order.

Golden Minerals Announces Corporate Initiatives in Response to COVID-19 Uncertainties

The Company is following World Health Organization protocols and local government rules and recommendations at all its projects and corporate offices. Office employees are working remotely wherever possible. Certain business restrictions have been implemented in Mexico, but currently the Company’s oxide mill at Velardeña (Durango State, Mexico) continues to operate normally as it processes ore for Hecla Mining Company’s San Sebastian mine per the terms of an existing agreement.

Vizsla Provides Update on Field Operations in Mexico

Vizsla Resources Corp. reports that the Company is postponing its Mexican exploration operations at the Panuco project in accordance with the recent announcement by the Mexican Federal Government to temporarily suspend all non-essential business operations until April 30, 2020, in response to the COVID- 19 virus outbreak. During this time, however, the Company expects to release drill assays from the Project.

Mexican Government Declares COVID-19 National Health Emergency, Only Essential Services to Remain Open, Endeavour Silver Suspending its Mexican Mining Operations Until April 30, 2020

Bradford Cooke, Endeavour CEO, commented, “Suspending our mining operations on a temporary basis is the best way to ensure the health of our work force during this COVID-19 crisis. We are also working with the local communities to protect the health of the local people, inform them of the precautions needed to stay healthy, and provide medical supplies, masks, cleaners and disinfectants as needed.”

Excellon Provides Update on Developments Related to COVID-19 Response

“We stand with the People and Government of Mexico, as we all have a part to play in stopping this global pandemic,” stated Brendan Cahill, President and CEO. “We hope that the significant steps Mexico has taken will save lives across the country. We stand ready to safely resume operations at the appropriate time to contribute to our local economies and critical global supply chains.”

GoGold Provides COVID-19 Update

“While we have not experienced a known or suspected case of COVID-19 in the Company, safety and the health of our employees, contractors, and communities where we are operating is our top priority in this unprecedented time. Parral’s operation, being a heap leach, makes it essential to continue the circulation of leaching solution which will continue to produce silver and gold during this period. All essential employees for this operation will follow safety protocols and precautionary measures, while exploration activity at Los Ricos will be temporarily suspended allowing our team to focus remotely on a resource model,” said Brad Langille, President and CEO.

Alamos Gold Provides Update on Mulatos and Island Gold Operations

The temporary suspension of operations at Mulatos follows a mandate by the Mexican Government to suspend all non-essential businesses until April 30, 2020 in response to the COVID-19 crisis. The Company will be scaling down mining and other activities over the next few days. Essential employees will remain on site to continue processing and other critical site activities (including water management, environmental protection and security).

Agnico Eagle Provides Update on Mexico Operations

The Government of Mexico has defined mining operations as a non-essential business. Pursuant to the Decree, mining operations at the Company’s Mexico operations (Pinos Altos, Creston Mascota and La India) are ramping down activities in an orderly fashion while ensuring the safety of employees, the sustainability of the infrastructure and compliance with government regulations and environmental standards. Each of these operations will be placed on care and maintenance until April 30, 2020. Exploration activities in Mexico will also be suspended during this period.

Avino Complies with the Mexican Government COVID-19 Order

David Wolfin, President and CEO commented, “We are following the orders put forth by the Mexican Government to temporarily suspend operations. Avino understands the seriousness of COVID-19 pandemic and will ensure the safety of our communities, which includes all of our employees. As of today’s date we do not have any cases of COVID-19, which relates to our rigorous health and safety procedures that were implemented weeks ago. Above all, the health and wellness of our employees globally is our top priority.”

Equinox Gold Provides Update Related to COVID-19 Pandemic

Equinox Gold will temporarily suspend mining activities at its Los Filos Mine in Guerrero State, Mexico in compliance with a recent order by the Federal Government of Mexico requiring the temporary suspension of all non-essential businesses until April 30, 2020. The Company will continue processing solution from the heap leach pads and expects that gold production will continue at a reduced level through the temporary suspension.