The Company intends to use the net proceeds from the Offering to advance the Company’s Alaskan and Mexican projects, as well as for working capital and general corporate purposes.
Pete Dougherty, President and CEO stated: “It was our second consecutive quarter of record quarterly production and revenue. We demonstrated strong cash flow during the first quarter, which underpins our strategy to harvest cash from the existing operations, replace depleted ounces and invest in our growth asset portfolio to transform Argonaut from a high-cost, junior producer with short mine lives to a lower cost intermediate producer with long mine lives.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “I’ve had the privilege of working with Gennen over the past couple of decades and consider him a mentor not only in geophysics, but also in the exploration business.”
Great Panther Mining Limited, a diversified gold and silver producer focused on the Americas, announces the nomination of two new directors for election to its Board of Directors at its upcoming Annual General Meeting of shareholders on June 9, 2021: Trudy M. Curran, BA, LLB, ICD.D, and Dana Williams, B. Eng., MBA, CPA.
“Indicated resources for gold and silver have increased by a respective 7.7% and 6.6%, and inferred resources for gold and silver have increased significantly by respective 41% and 58%,” commented Orogen CEO Paddy Nicol.
This week, Newmont Corporation honors Colonel William Boyce Thompson’s spirit of exploration on the 100th year since the Company’s founding in 1921.
Gold79 Mines Ltd. is pleased to announce that Mr. Derek Macpherson has joined the Company as a full time President and Chief Executive Officer, effective May 1, 2021.
Telson Mining Corporation is pleased to announce that the Company has received the initial US$2M proceeds from the total US$5M silver stream agreement with Empress Royalty Corp for its Tahuehueto project in Durango, Mexico, as first announced in its February 23, 2021 news release.
Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 30, 2021, each of the ten nominees listed in the management information circular dated March 22, 2021, were elected as directors of Agnico Eagle.
Greg McKenzie, President and CEO commented: “We look forward to working with Orix’s strong team, to jointly enhance the geological model, which to date was generated from the exploration programs performed from 2006-2012. The new understanding of the broad zones of skarn style mineralization will helping to locate future drill targets, explaining the results to investors, and integrating results into future mineral resource updates.”
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