Mexican precious metals mining company Fresnillo said on Wednesday it had taken up $481.721 million of a tender offer to buy back some $800 million of its notes maturing in 2023.
DynaUSA CEO and DynaMéxico President Mr. K.D. Diepholz noted: “The $48M USD Recognition Claim against Goldgroup Resources Inc. is the final step in the litigation against Goldgroup. The $48M USD award constitutes damages caused by Goldgroup to DynaMéxico, and DynaMéxico intends to pursue all legal avenues for collection of the damages from Goldgroup.”
Mr. Glenn Jessome, Chief Executive Officer of Silver Tiger Metals will give an overview of the Company. He will present its program – the El Tigre Project in Sonora, Mexico.
Gray Rock Resources Ltd. is pleased to announce that Mr. Stephen Williams, P.Eng, MBA, has been appointed to the Company’s Board of Directors, effective immediately.
Fresnillo plc announces that it is extending the expiration time of its previously announced offer to purchase for cash any and all of its outstanding US$800,000,000 principal amount of 5.500% Notes due 2023, to 5:00 p.m., New York City time, on September 29, 2020.
Paddy Nicol, Orogen’s CEO states, “These results are exciting and have potentially meaningful implications for Orogen’s royalty on the Silicon project. The drill holes are located approximately 1,500 metres from the southern extent of AngloGold’s drilling on the main Silicon area.”
Importantly, we received the necessary approvals to install a tailings dam and the associated infrastructure required to process our ore on site. We have completed the detailed Costing Study for refurbishing the Plomosas plant which has been idle since prior to our acquisition of the mine and we are now in a position to implement operational strategies.
Greg Crowe, President and CEO, commented: “Silver One will now have a significant position in a potential Mexican growth story, going forward into what appears to be a strong precious metals bull market.”
Net proceeds of the Financing, after paying the general costs of the issue and the cash portion of the Finder’s Fee, will be used as needed for (a) development on the Kaity Property in Chihuahua, Mexico, including costs associated with various permits, metallurgical bench testing of the copper mineralization, and investigation, evaluation, planning and implementation of the Gloria Pilot Mining Project, (b) property option payments in Mexico, (c) reserve for future acquisitions, (d) current accounts payable, (e) general administrative expenses, and (f) working capital.
Agregó que “el SPF cuenta con policías altamente capacitados que ahora se incorporarán también al cuidado del sector minero; sabemos que la seguridad de estas instalaciones es delicada y requiere de alta especialización. En coordinación con la Secretaría de Economía y de las cámaras industriales se han creado estrategias especializadas para las regiones mineras”.
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