Santacruz Silver Mining Ltd. announces that, following a review of its Veta Grande Mine operations in Zacatecas, Mexico the Company has decided to suspend the operation of the processing facility for approximately six months to facilitate plant and new tailings storage facility upgrades.
Ross Beaty, Executive Chair of Equinox Gold, stated: “We have created a major gold producer by combining the assets and leadership teams of Equinox Gold and Leagold, with a peer-leading growth profile and powerful financial, technical and operational management. Equinox Gold now has six producing mines, two development projects, two expansion projects and the financial capacity to fund its development plans.”
PREMIER GOLD MINES LIMITED is pleased to announce that Eva Bellissimo has been appointed to the Company’s board of directors.
The Cosalá Operations successfully executed its production plans for the year increasing mill tonnage to over 1,750 per operating day, and increasing production of precious and by-product metals.
Aura Minerals Inc. and Para Resources Inc. announce that they have entered into a definitive share purchase agreement pursuant to which Aura will purchase from Para all of the issued and outstanding shares of its wholly-owned subsidiary Z79 Resources, Inc.
Newmont Corporation or the Company) announced today that its Board of Directors (Board) plans to reduce the number of Directors from 15 to 11, effective following the Annual Meeting of Stockholders on April 21, 2020, with the completion of the Goldcorp integration.
Freeport-McMoRan Inc. announced today continued progress in growing copper and gold volumes by 30 – 40 percent, reducing net unit cash costs of copper by 25 percent to approximately $1.30 per pound and more than doubling cash flows by 2021 compared with 2019.
“The completion of the MRMR is an important milestone following our acquisition of Tucano as it provides us with a more solid foundation for understanding the geology of Tucano,” said Jeffrey Mason, Interim President and CEO.
“The sale of San Francisco is a win-win for Alio Gold and Magna,” said Mark Backens, President and CEO of Alio Gold. “Arturo Bonillas and his team at Magna have a lengthy history and extensive knowledge of the Mine, and under his stewardship we are confident this Transaction will be very beneficial to the employees, contractors, suppliers and local communities that support the Mine as plans are implemented to unlock value from the property. The Transaction transfers all current assets and liabilities associated with the property and allows Alio Gold to focus time and resources on more value enhancing opportunities at the Florida Canyon Mine, our core asset.”
The proceeds of the Placement will be used entirely to fund drill programs on the Company’s high-grade silver-gold exploration projects in Mexico.
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