Category: Investor’s Corner

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. A total of 36,600,000 common shares of Orla were fully subscribed and sold at a price of C$2.05 per Common Share, for aggregate gross proceeds to the Company of C$75,030,000.

Desde las primeras informaciones sobre la propagación del virus COVID-19 en el mundo, Grupo México instrumentó acciones preventivas de higiene y protección en sus instalaciones mineras, para salvaguardar la salud de sus trabajadores, sus familias y las comunidades cercanas. Hasta hoy, no se ha registrado ni un solo caso de contagio en las unidades de trabajo de la empresa.

GREAT PANTHER MINING LIMITED announces that it has initiated an orderly and safe suspension of mining and processing activities at the Guanajuato Mine Complex and the Topia Mine until April 30, 2020. The suspension complies with the directive of the Mexican Federal Government announced on March 31, 2020 to mitigate the spread of COVID-19.

Mithril Resources Limited [ASX: MTH] (“Mithril” or “the Company”) reports that the Mexican Federal Government announced a suspension of all non-essential activities in Mexico for 30 days to contain the advancement of COVID-19 virus from March 30 to April 30, 2020. As a result of this declaration, Sun Minerals Pty Ltd (“Sun Minerals”) will temporarily suspend outside personnel from entering the Copalquin project area at least until April 30, 2020 to limit potential exposure of personnel and nearby communities to the Virus.

“We’re extremely excited to begin this next chapter in Energold’s history,” announced Brian N. Mittman, the new CEO of Energold. “With the CCAA filing behind us, we look forward to continuing to provide world-class drilling services and to a future of steady, profitable growth.”

On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which includes the suspension of all non-essential activities, including mining, until April 30, 2020. As a result, the Company has initiated the orderly temporary suspension of mining and processing activities. A reduced task force will remain on site to safeguard critical infrastructure and maintain environmental monitoring through the suspension period.

Thomas A. Doyle, President, CEO stated: “We recognize the seriousness of the COVID-19 pandemic and we will continue to take precautionary measures. The health and safety of our workforce, their families and the communities in which we operate is paramount and we continue to be dedicated to maintaining a safe work environment.”

Torex Gold Resources Inc. announces that consistent with the COVID-19 related decree issued by the Government of Mexico for all non-essential businesses in the country to temporarily suspend operations, production at the Company’s El Limón Guajes mine will be suspended until April 30, 2020. Guidance is also suspended until further notice.

At the first closing, Guerrero issued 3,420,800 Subscription Receipts at an issue price of C$0.90 per Subscription Receipt for gross proceeds of approximately C$3.08 million. Guerrero expects to hold a second closing of the private placement in April in order to accommodate investors dealing with longer approval and processing periods due to the Covid-19 pandemic.

Pan American Silver Corp. announced today that Mexico’s Ministry of Health has issued an Executive Order for the immediate suspension of non-essential activities until April 30, 2020 in response to the COVID-19 pandemic. Following an initiative of reducing the number of people on site to increase physical distancing, Pan American will now expand this program in order to bring its La Colorada and Dolores operations into compliance with the Executive Order.