“We realized strong production in July after restarting the Platosa Mine in mid-June and that trend continued through August,” stated Brendan Cahill, President & CEO.
MAG Silver intends to use the net proceeds of the Offering primarily to fund the completion of construction of the Juanicipio Project, with any remainder to fund further exploration of Juanicipio and other projects, and for working capital and general corporate purposes.
GR Silver Mining Ltd. will hold its annual general meeting of shareholders of the Company on September 11, 2020 at 10:00 a.m. (PST).
Mr Skeet is a highly regarded and regionally experienced mining executive with a strong track record of exploration and project development success in Mexico.
The net proceeds from the sale of the Common Shares will be used for the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production and for working capital and general corporate purposes.
“We will also continue to push for the award of drill permits in Mexico to pursue our maiden drilling programmes on both San Celso and Los Campos Silver projects.”
Millrock Resources Inc. reports that it has engaged Dave Cross as the new Chief Financial Officer of the Company.
“We are pleased to welcome as shareholders a number of new institutional investors who participated in this fully-sold, upsized Offering. The financing has provided working capital that will allow Minera Alamos to not only complete its ongoing construction of the Santana gold mine, but also aggressively advance the newly acquired Cerro de Oro gold project in Zacatecas,” stated Doug Ramshaw, President.
“We are very pleased that Eric Sprott has chosen to increase his ownership stake in the Company to 19.9%,” said Mike Romanik, president of Silver Dollar. “We also view First Majestic’s participation in this Offering as further validation of the exploration and development potential of the La Joya Silver Project.”
The net proceeds of the offering will be used to accelerate the advancement of the Company’s Los Ricos project and for general corporate purposes.
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