Capitan’s CEO, Alberto Orozco, stated: “We are very excited to achieve this milestone. Our team has been working hard to get the Company to this point and we feel very excited to start trading. Capitan will now focus its efforts on the exploration of the Peñoles project in Durango, Mexico where we plan to begin our drill program in the coming weeks.”
Sonoro Metals Corp. is pleased to announce that, further to its news release dated August 26, 2020, it has changed its name from “Sonoro Metals Corp.” to “Sonoro Gold Corp.”
The Exclusivity Agreement, with the mid-tier North American mining company Capstone Mining Corp. provides for a 45-day period for Capstone to undertake due diligence to their satisfaction. During the due diligence period, the parties intend to enter into a definitive agreement, which will provide for a staged earn-in to the Donovan 2 Project, through a combination of carried expenditure and cash payments.
“I am pleased with the fact that despite reduced activity, the Company managed to be profitable this quarter. Some of our operations were able to grow their revenue as compared to last year while our larger operations, including Canada, U.S., Mexico and Chile, were affected more than others by COVID-19,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.
“Altos Hornos de México S.A.B. de C.V. (AHMSA) y Grupo Villacero acordaron prorrogar por 90 días el Acuerdo Marco no Vinculante, destinado a estructurar una asociación entre ambas compañías”
“We are pleased to welcome Mr. Turner to the Sonoro Board and Mr. Diaz to our senior management team,” said Kenneth MacLeod, President and CEO of Sonoro.
Newmont Corporation announced today the election of Susan N. Story to the Board of Directors effective September 10th.
Furthermore, the Company continues its gold property acquisition campaign targeting properties in South America, Central America and Mexico, which have high development potential and historic gold production. The focus of the campaign is to duplicate the successful acquisition model of the Company’s existing high-density, shallow gold mine property in Guerrero, Mexico, that has known historical gold vein structures. AABB is currently directing a full-scale development and production expansion of its mine and property in Mexico.
“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.
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