Aside from tremendous knowledge, David brought with him passion, energy and drive, and he will be greatly missed by those who had the good fortune of knowing and working with him.
Mr. Bellemare is replacing Tim Breen as Mubadala Investment Company’s Board appointee and will also serve on Equinox Gold’s Environment, Social and Governance Committee.
During his 40-year career, David had a passion for geology and strived to push geological boundaries while exploring in frontier jurisdictions.
This drawdown takes the total amount of debt accessed to date to US$90 million.
“2021 was a transformative year for the Company, with significant milestones achieved including more than doubling the Company’s Resources with our initial Mineral Resource Estimate at Los Ricos North, and a Preliminary Economic Assessment at Los Ricos South released.”
This bridge loan replaces the funding recently lost to Altaley upon the cessation of operation of the Accendo Banco and is more than enough capital to complete and ramp up operation at Tahuehueto where construction has advanced to at least 95% completion and where initial production is anticipated to commence at the end of January, only slightly behind managements targeted expectations.
Great Panther Mining Limited, a growing gold and silver producer focused on the Americas, announces the resignation of David Garofalo as Director and Chair of the Board of Directors effective immediately, in order to focus on other business commitments.
“As an industry, we continue to manage the ongoing impact of the pandemic and while frustrating for all concerned, we recognize this situation is beyond the control of all parties,” said Octavio Alvidrez, Chief Executive of Fresnillo plc.
“The successful execution of our sustainability-linked note demonstrates bondholder confidence in our ability to maintain financial strength and deliver long-term value to all of our stakeholders,” said Newmont President and CEO Tom Palmer.
The net proceeds from the Offering will be used primarily to fund a 10,000-meter drilling campaign now underway at the Company’s Cerro Caliche Gold Project in Sonora, Mexico and will also be used for concession maintenance and general working capital.
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