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.
“In the first quarter we delivered a solid financial performance with $1.5 billion in adjusted EBITDA and $442 million in free cash flow, putting Newmont on track to achieve our full-year guidance with improving production expected in the second half of the year. We remain confident in the strength of our business as we invest in our world-class portfolio, strengthening the balance sheet and sustaining our quarterly dividend of $0.55 per share,” said Tom Palmer, President and Chief Executive Officer.
Torex Gold Resources Inc. announces that three of its founding Directors – Andrew Adams, Michael Murphy (co-founder), and Fred Stanford – will not stand for reelection at the Company’s annual shareholder meeting.
Fresnillo plc announces that Mr Alberto Baillères (89) is stepping down as Chairman of Fresnillo plc and will be leaving the Board of Directors of the Company with immediate effect. The Board has invited Mr. Alberto Baillères to become Honorary President of Fresnillo plc in recognition of his enormous contribution in creating Fresnillo plc as a major mining company and a constituent of the FTSE-100 Index.
Newmont Corporation announced strong shareholder endorsement for all proposals presented for vote at the Annual General Meeting with more than 90 percent voting support for each measure, including say-on-pay, as well as appointed Gregory H. Boyce to the role of Independent Chair of the Board of Directors.
Mexico Mining Center © 2021 / All Rights Reserved
