“2019 was a tale of two halves where the second half had higher production, higher prices, better earnings and more cash flow,” said Phillips S. Baker, Jr., President and CEO. “The strong third and fourth quarters markedly improved our financial condition, putting us in a better position to refinance the Senior Notes.”
Harvest Gold Corporation is pleased to announce the appointment of Leonard (Len) W. Brownlie, Ph.D., as a member of the Company’s board of directors, effective immediately.
The Financing will be for a maximum of $250,000 resulting in 2,500,000 Units being issued. Funds will be used to advance the Tabasquena project and for general corporate purposes.
VVC is raising up to CA$2.0 million (US$1.5 million) in a non-brokered private placement of units of the Company at a price of CA$0.05 per Unit.
Greg Crowe, President and CEO of Silver One stated: “The discovery of an undeveloped native silver prospect, with such high grades from near transported vein fragments, is extremely rare. This is particularly true in an active mining area such as Globe, Arizona. Nearby historic mines have reportedly produced significant quantities of native silver and silver mineralization in the late 1800’s. However, most recent exploration and exploitation in the region has been focused on copper, not silver, and a large portion of the Phoenix Silver property is covered by overburden.”
“The foundation of value creation for any mining company is increasing reserves, and Hecla’s silver, lead and zinc reserves are the most in our 129-year history,” said Phillips S. Baker, Jr., President and CEO.
Greg Crowe, President and CEO commented: “Our agreements in principle with SSR Mining and Maverix allow Silver One to convert its final US$1.0 million payment in SVE shares to SSR Mining into a future commitment based on commercial production of not less than 2.5 million ounces of silver per annum at Candelaria.”
The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte Favor target on the project which the Company has yet to drill, and for corporate development and general corporate purposes.
Ridgestone Mining Inc. is pleased to announce that it intends to complete a non-brokered private placement financing for gross proceeds of up to $1,050,000.
“With the recent weakening of the Brazilian real, and gold prices reaching multi-year highs, we are taking the opportunity to increase certainty of cash flow in 2020,” stated Jeffrey Mason, Interim President and CEO. “Importantly, our business will continue to fully benefit from rising gold prices, while limiting downside at minimal cost. Together with the closing of the Samsung facility, our financial position continues to strengthen.”
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