The proceeds from the sale of the CDE Flow-Through Shares will be used on development expenses on the Magino project as permitted under the Tax Act to qualify as CDE.
“2020 was the largest and most effective drilling campaign in the history of Coeur, and we plan to build on this momentum over the next few years,” said Hans J. Rasmussen, Coeur’s Senior Vice President of Exploration.
Rod Antal, President and CEO said, “We exited 2020 with strong operational and financial momentum across all four of our operating assets…”
“We are pleased to continue delivering industry-leading returns through the highest dividend in the gold sector at an annualized payout of $2.20 per share and a dividend yield of over 3.5%,” said Tom Palmer, President and Chief Executive Officer.
“Graduating to the OTCQX highlights the recent growth at Heliostar as we progress our high-grade gold projects in Alaska and Mexico.”
Subject to acceptance of the TSX Venture Exchange, the Private Placement is expected to close immediately prior to or concurrent with the Company’s acquisition of the El Cubo mine and mill complex.
Orogen Royalties Inc. announces that further to Company’s news release of February, 10th 2021, the private placement has been cancelled. The Company also announces the resignation of Mr. Paul van Eeden as Director and Chairman of the Company.
Dan O’Flaherty, CEO of Maverix, commented “Maverix had another year of tremendous growth in 2020, achieving a new Company record for attributable gold equivalent ounces, exceeding our 2020 guidance, and expanding our royalty portfolio with the acquisition of 10 gold royalties.”
“VanGold’s management believes that our proposed acquisition of El Cubo will prove to be a remarkable catalyst of growth for the Company. Behre’s PEA provides us with a high-level view of VanGold’s plans to process material from both El Pinguico and El Cubo at a centrally located mill. This study is an important step in unlocking value for all stakeholders at our dual projects in Guanajuato.”
Mr. Belluz has over 35 years of experience in operations, exploration, geology and technical evaluations of both underground and open pit mines. Most recently, Mr. Belluz was Operations Manager & Acting General Manager for Nevsun Resource’s Bisha mine, which was acquired for $1.8 billion by Zijin Mining Group Co.
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