Gold has again risen to all-time highs because investors have again rushed to its traditional ‘safe haven’. It rises not despite the pandemic… but because of the global crisis.
“Our safety protocols are being meticulously executed in order to protect our workforce and the communities that we operate in. As previously stated, the first quarter was planned to be a low production quarter due to heavy stripping. Production is expected to ramp up quarter-over-quarter for the remainder of the year as mining progresses into sectors with lower strip ratios.”
Kenneth MacLeod, President and CEO of Sonoro, stated, “The proceeds from the increased private placement will enable our technical teams to complete additional drilling, increasing the results available for consideration in an updated resource estimate, and additional scientific field work and geological structural analysis which will be incorporated into the 43-101 technical report being prepared by Micon International.”
The proceeds from the Private Placement are expected to be used by the Company to complement the acquisition of the Zimapan mine, to accelerate exploration activities at the Horizontes (Lomo del Toro) area and for general working capital and corporate purposes.
McEwen Mining Inc. is pleased to announce two senior management additions: Stephen McGibbon has joined as the Executive Vice President of Exploration; and Ruben Wallin has joined as the Vice President of Environment, Health, Safety & Sustainability.
Mr. Gary Thompson, Executive Chairman and current CEO stated, “Completion of this oversubscribed placement has strengthened our balance sheet and sets Gold79 up to proceed with its fully permitted maiden drill program at the Gold Chain Oxide-Gold Project.”
Silver Bull Resources, Inc. today announced that it is postponing its 2021 annual meeting of shareholders to April 19, 2021 to provide its shareholders with additional time to vote on the proposals submitted for shareholder approval at the Meeting.
Aztec Minerals Corp. has appointed Allen David V. Heyl, B.Sc., CPG, to the position of Vice President, Exploration. Mr. Heyl brings to Aztec more than 38 years of experience in the mining industry, including senior corporate and technical positions with both major mining companies and junior exploration companies, working mostly in the Andean countries of South America and in North America.
Christian Milau, CEO of Equinox Gold, stated: “We are pleased to be commencing Bermejal underground development as the contractor mobilizes over the next few weeks. Bermejal is an important higher grade expansion project that will increase Los Filos annual production. We are also pleased to have reached a collaborative agreement with Carrizalillo that will continue to provide meaningful health, social and economic benefits to the community while ensuring fair and reasonable distribution of benefits for all our local communities and stakeholders.”
Centerra Gold Inc. is pleased to announce that the Company has received approval to list its common shares on the New York Stock Exchange (NYSE). Trading of the Company’s common shares is expected to commence under the symbol “CGAU” on Thursday, April 15, 2021.
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