Category: Investor’s Corner

Continued Positive Developments at Mexus’ Santa Elena Mine

Mexus Gold US confirmed that the activated carbon system at its Santa Elena mine located in Caborca, MX is working as planned and is currently producing gold. Mexus is enlarging the heap leach pad and has purchased the liner and seaming equipment to complete the job.

Golden Minerals Announces Pending CFO Retirement

Warren Rehn, President and Chief Executive Officer of the Company, commented, “We wish Bob all the best on his pending retirement from a distinguished nearly 40-year mining industry career as a finance and accounting professional, including 12 years with Golden Minerals.”

Nomad Royalty Company to List on the NYSE

Nomad’s Chief Executive Officer, Vincent Metcalfe, commented: “Listing on the NYSE represents a significant milestone in the growth of the Company. The listing will materially increase Nomad’s exposure to a larger and more diverse group of institutional and retail investors as we continue to grow our portfolio of precious metals royalties and streams.”

Kootenay Silver Announces Spin-Out of Canadian Assets

James McDonald, Kootenay’s President and CEO stated, “We believe the spin-out of the Canadian Assets will be very beneficial to shareholders. Among other benefits, it will unlock the value of the Canadian Assets by allowing it to be developed separately, by a skilled and experienced management team, and it will allow our shareholders to own shares in two companies.”

Vizsla Provides Update on Progress at Panuco and Outlines Key Objectives

Vizsla President and CEO, Michael Konnert, commented: “Although we’re eager to resume drilling, the health and safety of our employees and our communities is paramount. While drilling activities have been suspended, our technical team has used this unplanned downtime to refine our geologic model, identify critical path milestones and improve targeting strategies for the remainder of the year.”

Spike in COVID-19 Cases at Gold Resource Corporation’s Don David Gold Mine Necessitates Temporary Ramp Down of Certain Activities

Gold Resource Corporation considers the health and safety of its workers and host communities a fundamental priority of the Company’s operations. Like many other countries, the highly contagious COVID-19 delta variant has had a devastating impact on Mexico. In the last three days, the number of individuals in isolation at the Don David Gold Mine has climbed to 102, stretching our camp and extra accommodations in the local communities to the limit.

Almaden Adopts Human Rights Policy

Duane Poliquin, Chairman of Almaden, stated “Almaden has a demonstrable and long-standing commitment to conducting its business in a manner which promotes the quality of life of local people. However, as the Ixtaca project advances, so does its potential to impact human rights both directly and indirectly.”

Last Chance? Gold’s Correction Likely Presents a Buying Opportunity

After a declining US $42 Friday at US $1764, on Sunday approximately 24,000 gold futures contracts with a notional value of approximately US $4 billion were sold in what was predictably a very thin market, filling every bid down to US $1677 and, in doing so, gold’s price reached last March and April’s double bottom before rebounding US $76 to $1753.

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