Category: Investor’s Corner

The Company announces that it has accepted the resignation of Curtis Turner as Chief Executive Officer and Director.

On closing of the Transaction, each of the Alacer issued and outstanding common shares will be exchanged for 0.3246 of an SSR Mining common share.

Subject to the receipt of all regulatory approvals, the Company will issue 4,014,998 Units, each Unit consisting of 1 common share and 1 common share purchase warrant, each warrant being exercisable at $0.10 for 24 months, for gross proceeds of $301,125. Proceeds from the financing will be used to fund drilling at the Tabasquena project near Ojocaliente, Mexico and for general corporate purposes.

Millrock President & CEO commented: “Hole 20AU004 is an exciting hole to drill. We believe the gold mineralization at surface is a good indicator for gold below surface in flat-lying structures.”

“Our quick actions at the beginning of the pandemic minimized impact on our operations and finances, so production and cash flow generation were strong this quarter,” said Phillips S. Baker, Jr., Hecla’s President and CEO.

The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (subject to completion of the proposed Territory Metals Corp. acquisition, see press release dated June 4, 2020); and, for working capital and general corporate purposes.

Great Panther President and CEO Rob Henderson commented, “In Brazil, Tucano outperformed this quarter despite the challenges of COVID-19, and in Mexico, Topia and GMC have returned to stable production following the lifting of government mandated restrictions on mining. I would like to thank our teams for delivering these strong results while prioritizing the safety and health of our people and communities and adjusting to these unprecedented times.”

“We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals,” stated Ben Pullinger, SVP Geology.

Bradford Cooke, Endeavour CEO, commented, “I am pleased to report that notwithstanding the challenges of the COVID-19 pandemic, Endeavour personnel were pro-active in minimizing its impact on our mining operations in Mexico. We implemented our coronavirus prevention and response plan in mid-March and it has been very effective. I commend our Mexico management and employees for responding positively when called upon by these extraordinary circumstances.”