First Majestic Silver Corp. is pleased to announce the appointment of Mr. Steve Holmes to the role of Chief Operating Officer. Mr. Holmes is a mining engineer with over 35 years of experience and will be responsible for overseeing all operational functions at the Company’s Mexican portfolio of silver mines and projects.
Argonaut Gold Inc. confirms the filing of the Technical Report for the Pre-Feasibility Study in relation to its Cerro del Gallo project in Guanajuato, Mexico, pursuant to National Instrument 43-101 of the Canadian Securities Administrators.
Americas Gold and Silver Corporation, a growing North American precious metals producer, announced that a group of individuals has illegally blockaded access to facilities at the Cosalá Operations. The faction includes a small minority of the Company’s unionized workers.
MLAZ will seek orders from the Court for Ganti to cease their intimidation and excessive actions, and to pursue a negotiated settlement. The application to the Court will be made on Tuesday 4 February (Monday is a public holiday in Mexico). CZL’s directors remain confident that the Federal Court of Chihuahua will uphold MLAZ’s contractual and other legal rights.
9,062 tonnes ore mined during the quarter grading 16.1% zinc and 8.4% lead, up from the September quarter demonstrating better than historical grades mined at Plomosas.
Millrock Resources Inc. announces that it plans to raise gross proceeds of $1,000,000 through a non-brokered private placement of 8,333,333 units at a price of $0.12 per Unit.
Bradford Cooke, Endeavour CEO, commented, “We are forecasting better performance from our operating mines in 2020, with a slight decrease in consolidated production due to the suspension of mining at El Cubo complimented by lower operating costs at Guanacevi, Bolanitos and El Compas, which should decline through the year as productivity improves.”
Red Cloud is a “new concept” capital markets advisory firm dedicated to the mining sector. It uses its global network of capital markets specialists and extensive experience in the many facets of the business to help companies identify alternative sources of capital and quality actionable growth/divestiture opportunities, and to generate and maintain important relationships with key investors.
“We are excited to see the first drill program at Scarlet return very encouraging results including twenty-four meters of over one-gram per tonne gold starting just one and a half meters from the surface,” stated Mr. Barry Devlin, Vice President of Exploration.
Octavio Alvídrez, Chief Executive Officer, said: “Silver and gold production is up on the previous quarter as we begin to see the impact of our performance improvement plan, which includes intensive infill drilling to improve the certainty of the geological model, dilution control and raising development rates, together with actions to address contractor productivity and equipment availability. Full year silver and gold production is in line with our updated guidance.”
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