Sandeep Singh, President and CEO of Osisko commented: “Osisko’s management and Board of Directors believe that the intrinsic value of the Company is not properly reflected in the market price of our common shares, prompting us to get more active with share repurchases.”
Alberto Reyes, Chief Operating Officer, “Our operations team has risen to the challenge of trying to keep everyone healthy and safe during the pandemic. Our employees and contractors have taken to the isolation process well and our medical staff note that they are content with our progress to date.”
Almaden Minerals Ltd. reports that, given the perceived rise in the number of COVID-19 cases in the municipality of Ixtacamaxtitlán, it has elected to pause drilling for two weeks out of an abundance of caution.
Petróleos Mexicanos (Pemex) podría convertirse en dueña de Altos Hornos de México y de Grupo Acerero del Norte, empresas de Alonso Ancira, si éste no cumple con el acuerdo que firmó con la empresa productiva del Estado como reparación del daño por la compra a sobreprecio de Agro Nitrogenados.
“Con el pago total de la cantidad de 216 millones 664 mil dólares, Petróleos Mexicanos (Pemex) y Pemex Transformación Industrial se darán por satisfechos del pago de reparación del daño ocasionado por el sobreprecio de la compraventa de planta de Agro Nitrogenados, que imputan a Alonso Ancira Elizondo”, señala el documento.
Matt Fargey, CFO of Maverix, commented, “We would like to thank our lenders for their continued support and confidence in our business. The increase and extension of our revolving credit facility will provide us with more capital to pursue accretive acquisitions of precious metals royalties and streams.”
The proceeds from the private placement will be used for exploration of the Company’s mineral projects and general working capital.
El sector de minería lideró la actividad de fusiones y adquisiciones en México con 25 transacciones anunciadas, representando 20.5% del total de transacciones en el período, de acuerdo con la Camimex.
Mike Struthers, CEO, commented: “We are very pleased to announce this placing which allows us now to push forward with an ambitious exploration program at our flagship asset, the Caballo Blanco district in Veracruz. This highly prospective epithermal-porphyry mineralised district has potential to become a significant mining camp and we’re very excited to start generating drill results to demonstrate that potential.”
Agnico Eagle Mines Limited announced today that it has agreed to subscribe for 13,333,333 units of Candelaria Mining Corp. in a non-brokered private placement at a price of $0.45 per Unit for total consideration of approximately $6,000,000.
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