To-date, activities at the Company’s two operating mines; Mercedes in Sonora, Mexico and South Arturo in Nevada, USA, have not been materially impacted by the COVID-19 pandemic.
Capstone Mining Corp. has today filed on SEDAR a National Instrument 43-101 compliant technical report titled “Santo Domingo Project, Region III, Chile, NI 43-101 Technical Report” for the positive update announced on January 19, 2020.
Canasil Resources Inc. announces that the TSX Venture Exchange has accepted for filing documentation with respect to the non-brokered private placement of 5,085,000 units at a price of $0.08 per Unit for total gross proceeds of $407,000 announced on February 19, 2020.
“The health, safety and well-being of all our employees and the communities that we operate in continue to remain our priority. As directed by the Quebec government, our Quebec mines will be placed on care and maintenance. At the same time, our Nunavut mines will be operating at reduced levels”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
Aura Minerals Inc. announces that, in light of current market conditions arising as a result of COVID-19, the Company has decided to postpone its initial public offering in Brazil and concurrent listing of Brazilian depositary receipts on B3 S.A. – Brasil, Bolsa, Balcão, which was announced on March 3, 2020.
“The Government of Quebec ordered the mining industry to reduce to minimum operations as part of the fight against the COVID-19 virus, so we are suspending our Casa Berardi operations,” said Phillips S. Baker, Jr., Hecla’s President and CEO.
“First and foremost, our focus is on ensuring we protect the health and safety of our employees and the communities in which we operate. At Island Gold, approximately half of our employees travel from various parts of Ontario and Quebec, while the other half are local residents. We have a very unique camp set-up at Island Gold, with the camp located directly within the town of Dubreuilville. For these reasons, we have decided that the best way to minimize the possible spread of the virus is to temporarily suspend the operation of the mine. This is a rapidly evolving situation and we will take further action based on the best available information,” said John A. McCluskey, President and Chief Executive Officer.
Silver One’s President and CEO Greg Crowe commented, “With the steady advance of COVID19 and the associated uncertainty in the markets, Silver One management wishes to assure shareholders that the Company is well positioned to weather what we hope is a short lived event. With over Cdn$ 6 million in its treasury, the Company is prudently managing its exploration and other costs throughout 2020 and into 2021.”
Azure Minerals Limited provides an update on its Mexican operations, with the Company implementing several important changes to ensure workplace safety and balance sheet preservation in response to the COVID-19 pandemic.
VVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit.
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