Open pit mining is planned to gradually resume in July 2020. During the period from July to December 2020, an estimated 1.7 million to 1.9 million tonnes of ore are scheduled to be placed on the leach pad with an average gold grade of 1.00 g/t to 1.10 g/t. The estimated stripping ratio during this period is 0.68 to 0.75.
“We delivered significant growth in revenue, mine operating earnings and operating cash flow in the first quarter of 2020 as a result of the acquisition of Tucano last year. The team achieved a significant advance in stripping at Tucano completing a 36% increase in waste movement over the prior quarter which is strongly supportive of our guidance for 2020 and positions us well for 2021,” stated Rob Henderson, President and CEO.
“We have been heartened to see the resiliency of our people during this challenging time, and we are hopeful that the measures enacted over the past few months have made a positive impact on minimizing the damage to our communities, people and business.”
Pan American Silver Corp. reported the voting results from its annual general and special meeting of shareholders held May 6, 2020 in Vancouver, British Columbia.
Azucar Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees and consultants of the Company to purchase an aggregate 425,000 common shares in the capital of the Company at an exercise price of $0.11 per share which expire on May 9, 2022.
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees, and consultants of the Company to purchase an aggregate 425,000 common shares in the capital of the Company at an exercise price of $0.19 per share which expire on May 9, 2022.
GR Silver Mining Ltd. is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering, Beacon Securities Limited, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters, has agreed to purchase, on a “bought deal” private placement basis, 26,000,000 units of the Company at a price of $0.27 per Unit for aggregate gross proceeds to the Company of $7,020,000.
“Like all of our personnel at the Belcarra Group, I am at home practicing social distancing. I am hopeful that the worst of the Covid-19 crisis is behind us. As most countries begin the difficult task of restarting their economies, I would like to take this opportunity to bring you up to date on Orex Minerals Inc., with some history and our plans for the future.
Newmont Corporation today announced a $500,000 donation to the Colorado COVID Relief Fund, a statewide relief effort established in March with the support of Governor Jared Polis. A matching contribution from the Colorado Health Foundation will double the impact of Newmont’s donation to $1 million.
“We understood from our review of the Kilgore Project during our acquisition of Otis Gold that completing further environmental analysis would be required for the Dog Bone Ridge area in response to the Court’s December 2019 decision,” stated Brendan Cahill, President and CEO of Excellon.
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