“Equinox Gold again delivered record results with more than 128,000 ounces of gold sold, $98 million in earnings from mine operations and adjusted net income of $39 million,” said Christian Milau, Chief Executive Officer.
Luis Marchese, CEO of Sierra Metals, commented, “I am very pleased with the solid financial and production results achieved in the third quarter. We have continued to improve production rates at Bolivar and Cusi and continued to recover annual production tonnage lost at Yauricocha due to the COVID-19 pandemic.”
The price per BDR in the Secondary Offering is R$48.50.
“Because of our strong operating performance and higher prices, Hecla had record adjusted EBITDA, generated the most free cash flow in a decade and repaid our revolver in full. These accomplishments were achieved because of our workforces’ resiliency and our commitment to health and safety,” said Phillips S. Baker, Jr., President and CEO.
Melior Resources Inc. announces that it has entered into a non-binding letter of intent dated October 31, 2020 with Ranchero Gold Corp. with respect to a proposed transaction whereby Melior will acquire all of the issued and outstanding common shares in the capital of Ranchero. Ranchero holds an indirect 99.9% interest in a 22,367-hectare gold exploration property located in the Sierra Madre Occidental gold-belt in eastern Sonora, Mexico, known as the Santa Daniela property.
Solaris Resources Inc. is pleased to announce the appointment of Mr. Chad Wolahan as Vice President, Projects. Mr. Wolahan will lead the technical studies required to deliver an industry-leading engineering and economic assessment for the Warintza Project in south-eastern Ecuador.
Dr. Eyre is a mining finance professional with extensive experience in global resource capital markets and mining operations.
Gatos Silver, Inc. is pleased to provide the following information after the completion of its initial public offering and commencement of trading of its common stock on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “GATO.”
“Mining, development and processing activities at San Francisco are progressing well and initial mine performance has exceeded expectations. With pre-stripping activities in full progress, we are poised for an exciting and profitable 2021 as the mine ramps up to full-scale operations.”
“The Yauricocha Mine had a strong third quarter and we continued to recover annual production tonnage lost due to the COVID-19 pandemic. The robust production in the third quarter coupled with improved metal prices resulted in significant improvements to EBITDA, cashflow and net income. Yauricocha’s performance in 2020 continues to excel for the Company and its shareholders.”
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