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.”
Oroco Resource Corp. is pleased to announce that it has entered into agreements with Ruben Rodriguez Villegas of Mexico City to acquire 25 shares of Xochipala Gold, S.A. de C.V. for US$1.5 million. Xochipala Gold holds 100% of the registered title (85% of the beneficial ownership) to the seven core concessions (the “Core Concessions”) of the Company’s Santo Tomas Project.
Starcore International Mines Ltd. has filed an Early Warning Report in accordance with National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues, in connection with the acquisition of 4,100,000 shares of IM Exploration Inc. at a deemed price of $0.15 per share, as consideration for the assignment to IM of Starcore’s right to acquire a 100% interest in the Toiyabe Gold Project in Lander County, Nevada.
“Building on the back of strong operating results in the second half of 2020, we are reporting our second consecutive quarter of record production, with strong operational and safety performance at all of our key mines and better than forecasted costs. The Company remains on track to hit its production and cost guidance for 2021, and we expect to generate strong free cashflow during the year,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
Empress Royalty Corp. is pleased to announce it has funded the initial payment of US$2M of the US$5M silver stream agreement on the Tahuehueto project in Mexico owned by Telson Mining Corporation.
The proceeds were raised in anticipation of the re-opening of its Cosalá Operations in Mexico, repayment of shorter-term debt obligations, the ramp-up at Relief Canyon and for working capital purposes.
Discovery’s flagship project is our 100%-owned Cordero project located in Chihuahua State, Mexico. We are aggressively advancing the Project through a 66,000 metre drill program in 2021 focused on delineating a high-margin silver project with size and scaleability.
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