MAG Silver Reports Q2 Financial Results
August 12, 2020
“We continue to work carefully at the Juanicipio Project, respecting social distancing and maintaining very high levels of hygiene” said George Paspalas, President and CEO.
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“We continue to work carefully at the Juanicipio Project, respecting social distancing and maintaining very high levels of hygiene” said George Paspalas, President and CEO.
La minera Fresnillo PLC realiza pruebas rápidas para detectar COVID-19 a los habitantes de algunas colonias y comunidades de El Mineral.
Simon Clarke, CEO of Apollo Gold stated, “We are very pleased that the Option Agreement is now unconditional, and we can start to plan the launch of initial work programs on these highly prospective concessions. With the size and scale of the mines and deposits in the surrounding District, combined with the reports of historic work undertaken, we believe the Apollo Concessions present a great opportunity for Apollo Gold and we are excited to start work on the Properties.”
“We are very impressed with the grades and continuity found at El Fierro Bajo. These at surface veins demonstrate high-grade cores with well mineralised halos of up to 7m,” commented Ruben Padilla, President and CEO of Sable..
“The operational excellence programs and strict cost control have proven successful with higher productivity, better grade and a total cost reduction” said Salvador Garcia, COO of the Company.
Pete Dougherty, President and CEO stated: “We’ve completed major milestones for the Company over the past few months with the Alio merger, the completion of the Schedule 2 process at Magino and the recent equity financing. The Company experienced a large cash increase of $23 million during the quarter amidst the two month shutdown of mining, crushing and stacking activities in Mexico due to COVID-19 restrictions.”
Proceeds of this Private Placement will be used for exploration at the Company’s San Javier Silver-Gold Project, and for general working capital.
The net proceeds will be used primarily for funding part of the Salar del Diablo drilling program and working capital.
Taj Singh, President and CEO of Discovery commented: “With over $80 million of cash on our balance sheet we are in a formidable position to continue to drive value through aggressive exploration, resource growth and future development, and to solidify our position as one of the premier names in the silver space.”
Brigadier Gold Limited is pleased to announce that Mr. Garry Clark has been appointed to the Board of Directors of the Company.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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