To complement the Company’s board restructuring and accelerated pace of development, the Company is pleased to inform its shareholders that it intends to change its corporate name to Altaley Mining Corporation.
Stephen McGibbon has joined as the Executive Vice President of Exploration, and Ruben Wallin has joined as the Vice President of Environment, Health, Safety and Sustainability.
GoGold Resources Inc. is pleased to announce that it has closed its previously announced bought deal offering of 10,000,000 common shares, at a price of C$2.50 per Common Share for gross proceeds of C$25 million.
Stephen Orr, the Company’s Chief Executive Officer, stated: “Q1 established a strong foundation for 2021 operations. The CLG Project provided record revenue for the LGJV and the mine operated at its designed 2,500 tpd throughput for each operating day.”
Magna President and CEO Arturo Bonillas commented: “We are very pleased to be fulfilling our obligations to Argonaut. With this payment behind us we are looking forward to reaching a steady rate of production at the San Francisco Mine and strengthening our balance sheet primarily through the cash flow generated by the operations.”
“Pan American remains committed to continuously improving our sustainability performance. We are implementing industry best practices, including the Mining Association of Canada’s Towards Sustainable Mining protocols, the Voluntary Principles for Security and Human Rights, and the World Gold Council Conflict-Free Standard,” said Michael Steinmann, President and CEO.
Sierra Metals Inc. today reported revenue of $69.6 million and an adjusted EBITDA of $25.6 million on the throughput of 774,421 tonnes and metal production of 25.5 million copper equivalent pounds or 3.7 million silver equivalent ounces, or 79.8 million zinc equivalent pounds for the three-month period ended March 31, 2021.
All matters presented for approval at the Meeting by management were duly authorized and approved.
Carlos Silva, CEO of Santacruz, stated; “Halting operations at Zimapan and reducing production at Rosario during Q2 in order to ensure the well-being of our employees was a difficult decision but undoubtedly the right one. Shortly after the mandatory suspension was lifted and safety measures were properly implemented, production and mine development activities were resumed with a steady ramp up to the end of Q3 when operating efficiencies started to take effect as demonstrated during Q4.”
Shares in Bacanora Lithium rose as much as 30% on Thursday after China’s Ganfeng Lithium, one of the world’s top lithium producers, agreed to buy the shares it does not already own for up to 190 million pounds ($264.5 million).
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