Pierre Beaudoin, Chief Operating Officer remarked, “We are excited to have Cliff join our technical team as we gear up for the next phase of the Company. Cliff’s expertise in underground mining operations, engineering and mine geology will add depth to our already experienced team.”
Mr. Brown, President & CEO states: “It is the most exciting time of a project’s exploration life when it has been deemed to be ready for the true test that only diamond drilling is able to deliver.”
Equinox Gold Corp. reports that the union blockade at the Company’s Los Filos Mine in Mexico has been removed, access to the mine has been restored and Los Filos has resumed operations.
The gross proceeds raised from the Offering will be used for work programs on the Company’s exploration properties and for general working capital purposes.
“We have expanded the role of Endeavour to help Empress accelerate its growth strategy,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty.
Stephen Orr, the Company’s Chief Executive Officer, stated: “The retirement of the LGJV Term Loan is a major milestone in Gatos Silver’s path of creating substantial shareholder value since the Company’s IPO in October 2020. With the Cerro Los Gatos (‘CLG’) mine and processing facility now operating above design capacity, record-breaking production was achieved in the second quarter. CLG is now generating strong cash flows to fund additional performance improvement initiatives and exploration at the Company’s vast and highly prospective property positions in Mexico.”
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“The completion of the US$5M silver stream is an important milestone for Empress as we continue to deliver on our plans to build a diversified portfolio of gold and silver investments,” stated Alexandra Woodyer Sherron, CEO and President of Empress. “We are pleased to be working closely with Altaley and our strategic partners to bring this quality asset into production.”
“Throughout our history Newmont has taken an industry-leading approach to environmental, social and governance practices. We published our sustainability and climate-focused reports in the second quarter, demonstrating our commitment to responsible mining and doing our part in addressing climate change”
“Closing this Accendo Mid-Term Loan Facility Agreement, the final part of the Accendo Syndicate financing triggering the 2nd tranche of the Empress Royalty Silver Stream completes our planned capital raise, providing the pathway to finalize our construction program at our flagship Tahuehueto Gold Mine Project. Tahuehueto’s construction program is in full swing and making excellent progress and closing this Accendo loan agreement allows Altaley to accelerate construction, with the goal of allowing Tahuehueto to achieve initial pre-production near the end of 2021,” states Ralph Shearing, CEO.
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