Canuc Closes Private Placement Tranche
March 5, 2021
Proceeds will be used for drilling on the Company’s San Javier Silver-Gold Project.
Menu
Menu
Proceeds will be used for drilling on the Company’s San Javier Silver-Gold Project.
“I am proud of First Majestic’s commitment to positive and long-lasting impact across the communities where we work,” said Keith Neumeyer, President and CEO of First Majestic. “Social management is a core tenet of the Company and it is continually ingrained in our operations. Being recognized by CEMEFI and ALIARSE emphasizes our daily focus on creating opportunities for social, economic and environmental development. This Award is proudly shared with the communities where we work.”
The proceeds from the Private Placement are expected to be used by the Company to complement the Zimapan Assets acquisition, to accelerate exploration activities at the Horizontes (Lomo del Toro) area and for general working capital and corporate purposes.
Mike Struthers, CEO, commented: “Both Neil and myself are very pleased to have joined Candelaria at this time, to help the Candelaria team take the Company to the next level. A goal for the next 12 months is to successfully execute the Pinos project and bring that mine back into production, in parallel with executing what we believe could be a very successful exploration program at the company’s flagship asset, the Caballo Blanco mineralised district.”
“For 2020, Great Panther delivered record mine operating earnings of $84 million ($0.24 per share), significantly strengthening the balance sheet, and successfully added reserves and resources through our result-driven exploration programs,” stated Rob Henderson, President and CEO.
“Operations were temporarily suspended in April due to the pandemic; a phased ramp up started in June; and in early July, we were sidelined with a strike at the mine. Fortunately, the strike came to a successful conclusion in October. As we begin a new year, we are thrilled to have already reported an increase in measured and indicated mineral resources at the Avino property, and have kicked off the 2021 drill program, as well, we remain focused on ramping up operations at the Avino mine as we embark upon a busy and positive year ahead.”
“Equinox Gold’s 2020 results reflect delivery on the Company’s growth and diversification strategy. Our seven operating mines generated 477,200 ounces of gold and operating cash flow of $217 million in the year, compared to our 2019 production of 201,000 ounces of gold and $60 million in operating cash flow,” said Christian Milau, Chief Executive Officer.
SILVERTON METALS CORP. (formerly, Plymouth Realty Capital Corp.) and SILVER ONE RESOURCES INC. are pleased to announce that Silverton has completed its previously announced “Qualifying Transaction” with the acquisition of three silver-focused Mexican mineral properties, being Peñasco Quemado, Sonora; La Frazada, Nayarit; and Pluton, Durango from Silver One by acquiring all of the issued and outstanding shares of KCP Minerals Inc.
Greg Crowe, President and CEO of Silver One commented: “Silver One has been focusing on our advanced exploration assets in Nevada (Candelaria and Cherokee) and Arizona (Phoenix Silver), both recently rated by the Fraser Institute as the top two mining jurisdictions in the world. The sale of the Mexican exploration assets allows us to further concentrate our efforts on these rapidly developing projects.”
Despite repeated attempts by the Company to encourage the Government of Mexico to engage in good faith negotiations to resolve the dispute, the Government has refused to engage.
Mexico Mining Center © 2021 / All Rights Reserved
