Category: Investor’s Corner

The bulk of these funds will be used for the Company’s first drill program on the Kwai property in the Red Lake mining district.

Millrock President & CEO commented: “We are pleased to secure these mineral lands near Fairbanks. There is known gold mineralization on both claim blocks and the geology is similar to that present at the nearby Fort Knox gold mine operated by Kinross.”

Endeavour Silver Corp. has rescheduled the release of its second quarter 2020 financial results for Tuesday August 4, 2020, before market and Management will host a telephone conference call the same day at 10:00am PT (1:00pm ET). To participate in the conference call, please dial the numbers below. No pass code is necessary.

As disclosed in previous news releases, COVID-19 related issues within Mexico caused delays in access to the Company’s mine sites and slowed the flow of information required for the auditors to complete their reports.

Mexican plastic pipe and chemicals company Orbia on Tuesday reported a net profit of $10.2 million for the second quarter, an 88% drop from the $84.0 million it posted during the same period a year earlier.

“We have come through a very challenging fourth quarter managing COVID-19 concerns with our operations and, at the same time, paying off $4.5million in debt and interest over the last 4 months from cash flow” reported Robert Eadie, C.E.O. and President of the Company.

José F. Serrano, Chairman and Chief Executive Officer of Grupo TMM, said, “The prolonged suspension of operations in the public, private and social sectors due to the COVID-19 pandemic, as well as the delayed recovery from the economic slowdown and the drop in global oil prices since 2019, have significantly affected the entire industry and the financial markets, with a significant impact on the Company’s operations this quarter. Nevertheless, we have implemented alternative strategies to reduce the impact on results as much as possible, while trying to maintain productivity levels in the Maritime, Ports and Terminals divisions, as well as Warehousing Services.”

The Company expects to use the proceeds from the offering to accelerate development of the Los Juarez Gold and Silver Project and general corporate purposes.

Mining and ore processing operations officially resumed at the Caylloma Mine on July 27, 2020 at nameplate capacity of 1,430 tonnes per day.

Proceeds from the financing will be used to fund drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.