“Equinox Gold’s 2020 results reflect delivery on the Company’s growth and diversification strategy. Our seven operating mines generated 477,200 ounces of gold and operating cash flow of $217 million in the year, compared to our 2019 production of 201,000 ounces of gold and $60 million in operating cash flow,” said Christian Milau, Chief Executive Officer.
SILVERTON METALS CORP. (formerly, Plymouth Realty Capital Corp.) and SILVER ONE RESOURCES INC. are pleased to announce that Silverton has completed its previously announced “Qualifying Transaction” with the acquisition of three silver-focused Mexican mineral properties, being Peñasco Quemado, Sonora; La Frazada, Nayarit; and Pluton, Durango from Silver One by acquiring all of the issued and outstanding shares of KCP Minerals Inc.
Greg Crowe, President and CEO of Silver One commented: “Silver One has been focusing on our advanced exploration assets in Nevada (Candelaria and Cherokee) and Arizona (Phoenix Silver), both recently rated by the Fraser Institute as the top two mining jurisdictions in the world. The sale of the Mexican exploration assets allows us to further concentrate our efforts on these rapidly developing projects.”
Despite repeated attempts by the Company to encourage the Government of Mexico to engage in good faith negotiations to resolve the dispute, the Government has refused to engage.
An aggregate of 38,333,334 Shares at a price of C$0.60 per Share for gross proceeds to the Company of approximately C$23 million were sold including 5,000,000 Shares for gross proceeds of approximately $3 million on the exercise in full of the over-allotment option granted by the Corporation to the syndicate of underwriters.
Orex’s President and CEO, Ben Whiting, said; “This is an excellent opportunity to consolidate the majority of the mineral district. There are multiple precious metal targets, as well as the existing Boleras Silver Deposit. We at Orex look forward to working with Pan American to advance the Sandra-Escobar Project.”
Total silver production remained broadly stable and within our guidance at 53.1 million ounces. The marginally lower production compared to 2019 was due to the Covid-19 preventive measures and a lower ore grade at Saucito, mitigated by a higher grade at San Julián Disseminated Ore Body and the processing of development ore from our new Juanicipio mine for the first time.
“While 2019 was operationally the most challenging in our 16-year history as a producing company, 2020 was perhaps one of the most satisfying. Notwithstanding a government mandated two-month suspension of mining operations due to the COVID pandemic, we delivered higher production and lower costs at each of our three operating mines in 2020.”
Es probable que el gran sector minero de México experimente cierta recuperación este año después de la caída inducida por la pandemia en 2020, pero un líder clave de la industria reveló que teme que el creciente riesgo político frene el repunte y las empresas concentren nuevas inversiones en otros lugares.
Telson Mining Corporation announces that pursuant to its Stock Option Plan, it has granted stock options to certain directors, officers, and insiders of up to an aggregate 4,700,000 shares in the capital stock of the Company.
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