Tras una derrama económica de 900 millones de dólares, Minera Real del Oro, S. A. de C. V., subsidiaria de Argonaut Gold Inc., informa que su Unidad Minera El Castillo ubicada en Durango concluirá operaciones en 2022, las cuales ha llevado a cabo de manera segura y exitosa durante 12 años.
Riverside’s President and CEO, John-Mark Staude, stated: “Riverside is pleased with the accomplishments achieved in 2019 and is looking forward to accelerated growth in 2020 as we are bullish on the prospect of a very strong year in the gold space. The Company has been strategically positioning itself with high-quality projects and partnerships and is geared up for a productive year ahead.”
Mr. Craig Dalziel, President of Oroco, stated, “This registration completes an arduous and complicated 10 year private and public acquisition process that will deliver tremendous value to the shareholders of Oroco. The Company is now in position to undertake the second major phase of its corporate development plans with the immediate acceleration of its exploration activities at Santo Tomás and its ultimate objective of positioning the project as a world-class acquisition target.”
CEO Marcio Fonseca stated, “We believe the name change more accurately reflects the Company’s evolution and focus. In Q4 2019, we were an advanced exploration company expanding our NI 43-101 resource estimate with a large vision to consolidate/acquire key assets in the Rosario Mining District. Over the last month we have signed two LOIs and are conducting thorough due diligence on two past-producing silver-gold mines and sizeable adjacent exploration packages, comprising a wealth of data and infrastructure.”
Magna Gold Corp. is pleased to announce that, further to its announcement on September 30, 2019, it has entered into an exploration and option to purchase agreement dated January 06, 2020, with Ricardo Estanislao Carranza Leon, Maria del Rosario Mendivil Bejarano and Ernesto Villaescusa Cordova, individuals resident in the Sonora State of Mexico, pursuant to which the Corporation has acquired the option to acquire a 100% undivided interest of two mining claims located in the municipality of Trincheras, Sonora, Mexico, for a five-year period.
Fred Stanford, President and CEO of Torex, stated: “We delivered a solid result to close out 2019 with El Limón Guajes delivering the second highest quarter of production on record. The operational performance allowed us to achieve record annual gold production of over 450,000 ounces, placing us towards the upper end of the guided range. The entire team is proud of the operational and financial performance delivered in 2019.”
Newmont Corporation is transferring experienced mining leader Jim Cooper, General Manager of Boddington in Australia, to lead the Peñasquito mine in Mexico to optimize this world-class asset. Jim will assume leadership of Peñasquito in the first quarter of 2020 and report to Dan Janney, Newmont’s Regional Senior Vice President for North America.
Igor Gonzales, President and CEO of Sierra Metals commented, “Management believes that Sierra’s underlying value along with its growth prospects are not reflected in the recent trading price of its Common Shares. As such, the Company will use a reasonable portion of its cash resources toward the purchase of its Common Shares under the Offer.”
“This is great news for Hexagon customers,” said Nick Hare, Hexagon’s Mining division COO. “The Blast Movement Technologies system is the only one of its type and generates significant profits for customers in every blast at over 120 open pit mines globally. The company is rapidly growing and is becoming standard best practice for open cut mining operations. It will be a highly valuable and complementary addition to our suite of pit-to-plant digital solutions.”
Jonathan George, Ridgestone’s Chief Executive Officer and President, commented: “We are excited and fortunate to welcome Richard to our Advisory Board. His wealth of capital markets experience and more specifically his involvement in financing the mining sector significantly complements the skill set of our existing board and management team members. We look forward to his valuable input and advice in the exciting development of our Rebeico gold-copper project in Mexico.”
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