Discovery President and CEO Taj Singh commented: “Discovery is very pleased to be part of the OTCQX Best 50 and it is a fitting recognition of the efforts of our local employees and contractors in delivering an excellent 2020.”
Their collective background in mining, Mexico, and financing of development projects will assist the Company as it moves Las Minas towards a Preliminary Economic Assessment.
Bradford Cooke, Endeavour CEO, commented, “Having completed the operational turn arounds at our Guanacevi and Bolanitos mines in 2020, we are forecasting relatively steady state performance from our operating mines in 2021, with slightly higher consolidated production offset by slightly higher operating costs at the three mines. Advancing our Terronera mine project through the feasibility study and project financing will be a key focus during the first half of the year.”
First Majestic Silver Corp. won a reprieve on criminal tax fraud charges in initial Mexican court hearings for a case that will test the strength of the country’s crackdown on tax evasion, according to people familiar with the matter.
Gold Resource Corporation declares its monthly dividend of one-third of a cent per common share for January 2021 payable on February 23, 2021 to shareholders of record as of February 11, 2021.
“We’ve now successfully milled close to 73,000 tonnes of development material at the Fresnillo plant since early August of 2020 generating cash-flow to help offset capex and gaining valuable metallurgical understanding at the same time” said George Paspalas, MAG Silver’s President and CEO. “This processing will continue through the end of 2021 and will further de-risk the project as it heads into commercial production.”
“PHC represents a valuable addition to the Company’s resource portfolio as it looks to secure a position in the now booming helium market,” said Jim Culver, CEO of VVC. “The Syracuse Helium Project presents a tremendous opportunity for the Company. We are very excited about this acquisition and its prospects for VVC shareholders”.
Octavio Alvídrez, Chief Executive Officer, said: It gives me real pride that despite the challenges, we have delivered a robust operational performance in the final quarter with both gold and silver production in line with expectations. We have also successfully progressed our development pipeline during the year.
The $2.3 billion claim against Mexico under NAFTA relates to the unlawful denial of the environmental permit for subsidiary Exploraciones Oceanicas’ (ExO’s) offshore phosphate project. The First Memorial filing is supported by documentary evidence and 20 expert reports and witness statements.
“We are delighted Colin has joined our executive group. His prior experience in Mexico and his relentless pursuit of shareholder value is in complete alignment with Magna’s goals. His familiarity with the San Francisco project and the team in Mexico is a significant advantage,” stated Arturo Bonillas, CEO and Founder of Magna.
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