GR Silver Mining Ltd. announces that it has entered into an agreement with Beacon Securities Limited as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 22,300,000 units at a price of $0.27 per Unit for aggregate gross proceeds to the Company of $6,021,000.
“The Company’s operations generated $1.9 million USD of cash flow, net of general and administrative expenses, in the quarter. Parral had another record production quarter, which covered corporate general and administrative expenses and the majority of our exploration expenditures at Los Ricos,” Brad Langille, President and CEO stated. “With our $19.1 million cash balance and the cash flow from our Parral operation, we are well positioned to execute on our Los Ricos project.”
Christian Milau, CEO of Equinox Gold, stated: “This PEA demonstrates the substantial opportunity for both mine life extension and increased annual gold production at Aurizona through development of an underground mine.”
Argonaut Gold Inc. and Alio Gold Inc. are pleased to announce that Glass, Lewis & Co., an independent proxy advisory firm that provides voting recommendations to shareholders, has issued positive reviews of the proposed merger announced on March 30, 2020.
Evrim President & CEO Paddy Nicol stated, “We would like to thank Newmont for their exploration expertise and financial support over the past three years. Exploration work totalling US$3.2 million allowed for the evolution of the Astro project from a regional greenfield generative concept (the Mackenzie Alliance) to a ten kilometre long structural corridor with outcropping gold mineralization.”
“With grades in excess of 11.0 g/t Au, the Cove deposit is one of the highest-grade undeveloped gold deposits in the United States with resources over 1 million ounces”, stated Ewan Downie, President and CEO of Premier.
“Our rapid and early response to COVID-19 protected our workers, operations, and the communities in which we operate,” said Phillips S. Baker, Jr., Hecla’s President and CEO.
Great Panther Mining Limited announces that two employees that live in the nearby communities of the Tucano Gold Mine in northern Brazil have tested positive for the COVID-19 virus. Both employees are stable with mild symptoms and remain in isolation at home monitored daily by the local health authority.
Arturo Bonillas, President and Chief Executive Officer of Magna, stated, “With a stronger balance sheet and operating team, we look forward to getting back to the mine to start implementing our plans to re-establish a profitable mining operation. We see several prospects to enhance shareholder value and through a focused operating approach, we believe our team can begin surfacing this value in the near-term.”
Commenting on the update, Mithril’s Non-Executive Director and Company Secretary, Adrien Wing, said: “We remain thankful to be able to report that there are currently no known cases of COVID-19 for any of the Sun Minerals employees, contractors or their families in the communities near the Copalquin Project. The local team are monitoring the situation and are proactively working with the community.”
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
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.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
México Minero is a non-governmental organization that promotes sustainable mining.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
