“We are very pleased with the progress at Juanicipio. The metallurgical response of the mineralization is correlating well with our expectations. We will start optimizing flotation parameters over the next two quarters, which will significantly de-risk the Juanicipio plant start-up,” said George Paspalas, President and CEO.
VanGold Director Dan Oliver stated: “We are very pleased to have reached this new Agreement with Hernan and Gerardo Dorado the original venders of El Pinguico. The new terms allow VanGold to extend the cash payment portion of the Agreement out until March 2023 to allow VanGold to direct more of its resources to developing the El Pinguico Project.”
The Company continues to seek an amicable resolution of its dispute with the Government of Mexico including by diplomatic channels of resolution.
During the nine months ended September 30, 2020, the exploration team completed 146,000 metres of in-fill and expansion drilling at the Las Chispas Project located in Sonora Mexico.
The Secondary Offering will consist of, initially, 3,500,000 Shares (corresponding to approximately 4.9% of the total outstanding Shares on the date hereof) owned by the Selling Shareholders, in Brazil, exclusively in the form of BDRs, of which 2,100,000 BDRs will be offered by ARC Fund and 1,400,000 BDRs will be offered by Ruffer.
Gold production in Mexico’s COVID-19-hit mines has resumed and financial prospects look good. Mining companies want to meet increased global demand while prices remain high.
David Wolfin, President and CEO commented, “Avino’s operating performance for the third quarter was directly impacted due to the strike action at the mine by the Company’s unionized workers, which halted production activities during Q3 2020.”
Sandeep Singh, President of Osisko commented on the activities of the third quarter of 2020: “We had a very strong third quarter with production rebounding well and other significant catalysts. The spin-out transaction announced on October 5th is an important strategic milestone for the Company. It greatly simplifies Osisko into a pure-play royalty and streaming company, while maintaining exposure to the company-making assets contributed to Osisko Development.”
Jorge Ramiro Monroy, CEO of Reyna commented, “We are excited to begin trading on the OTCQB and DAX in an effort to increase our exposure to institutional and retail investors across the globe. This additional access is timely as we continue to expand our footprint in Mexico and the U.S.”
VVC Exploration Corporation announces that it has signed a Share Purchase Agreement with Plateau Helium Corporation (“PHC”) and the shareholders of PHC. PHC is a Wyoming Corporation focused on helium exploration and development, primarily in the western US.
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