“First Majestic had another strong year generating record revenues and ending the year with the highest cash balance in the Company’s 18-year history,” said Keith Neumeyer, President and CEO of First Majestic.
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. The Placement is expected to close by March 31, 2020.
“The coming year promises to be one of solid cash flow, advancement of our Media Luna growth project, and pushing forward with our proprietary Muckahi Mining System to fuel future growth. Exciting times for Torex.”
“We had another tremendous year at Island Gold on all fronts with the asset continuing to evolve into a world class ore body. Over the past two years we have added more than two million ounces of Mineral Reserves and Resources, before mining depletion, with the deposit now approaching four million ounces in all categories. We see strong potential for this growth to continue with the deposit open laterally and down-plunge across multiple areas of focus,” said John A. McCluskey, President and Chief Executive Officer.
“We launched several resource expansion drilling campaigns in 2019 in the pursuit of potential mine life extensions and high-return organic growth opportunities. Our efforts were successful on multiple fronts, as demonstrated by the increase in both our inferred resources and in our measured and indicated resources,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.
Telson Mining Corporation wishes to inform shareholders that for personal reasons, Jose Antonio Berlanga has resigned his positions as Chief Executive Officer and Member of the Board of Directors of the Company.
Newmont Corporation today announced that its Board of Directors declared a quarterly dividend of $0.14 per share of common stock, payable on March 19, 2020, to holders of record at the close of business on March 5, 2020.
“The Cosalá Operations recently accessed the Upper Zone and is expected to increase silver production in late 2020 continuing into 2021. The recapitalization plan at the Galena Complex is proceeding well and is anticipated to provide long-term benefits for the operation starting in 2021.”
Dave Groves, Vice President of Exploration for Evrim commented, “The acquisition of TREK 31 is the result of using government funded exploration initiatives and evolving exploration models to generate new exploration targets.”
Igor Gonzales, President and CEO of Sierra Metals commented, “I am pleased with Yauricocha’s performance in the fourth quarter which saw increases to revenue and consistent adjusted EBITDA compared to the same quarter in 2018.”
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