Category: Investor’s Corner

Mr. Gonzales commented: “I would like to thank the Board, Management Team, and employees of Sierra Metals for this opportunity over the past seven years and welcome Luis Marchese as the new CEO and member of the Board. I consider that the Company is in a good position to continue to perform well.”

Coeur Mining, Inc. today announced that the Company’s Board of Directors appointed Michael (“Mick”) Routledge as Senior Vice President and Chief Operating Officer, effective June 1, 2020.

“We are pleased to be ramping up operations at our four sites previously placed in care and maintenance and we remain committed to protecting our workforce and neighboring communities,” said Tom Palmer, President and Chief Executive Officer.

Magna Gold Corp. is pleased to announce a non-brokered private placement of up to 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of up to $7,000,750. The Private Placement includes lead investments by Eric Sprott and two mining industry participants.

Production was 29,200 gold ounces and 553,200 silver ounces, or 35,100 gold equivalent ounces.

“On behalf of our Board, I would like to thank shareholders for their participation in the Rights Issue. The offer was strongly subscribed for both entitlement and additional shares. We look forward to completing this transformative transaction with Sun Minerals to acquire rights to earn in to the exciting Copalquin Project in Mexico”.

Mexican miner Industrias Peñoles said on Saturday that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.

“While the Covid-19 pandemic has affected businesses around the globe, Odyssey has continued to make significant progress towards achieving our key objectives while temporarily transitioning our corporate office to a virtual environment,” said Mark Gordon, Odyssey Marine Exploration’s Chief Executive Officer and Chairman of the Board of Directors.

Taj Singh, President and CEO of Discovery commented, “The strong investment interest in Discovery is a clear reflection of the exposure and leverage that our Cordero project provides to a rising silver price. It is also indicative of the very favourable investment case for silver considering the current gold-silver ratio of 107:1 is markedly higher than the 50-year average of approximately 60:1. Upon completion of this financing Discovery will have over $40 million of cash on its balance sheet – this positions Discovery as one of the best financed silver exploration companies in the industry and provides the firepower to aggressively advance Cordero and to accelerate our exploration efforts on the surrounding regional property package.”

Pete Dougherty added: “In discussions with Alio, we both agree the health and safety of our workforce and our communities is paramount and the strong rationale for the merger of our companies remains valid in spite of any near-term disruptions to operations. Therefore, we both agreed to waive the 45-day opt out clause to provide stakeholders with clarity and remove uncertainty around the merger. We expect the transaction to close in June.”