Shareholders approved all matters brought before the meeting, including the re-election of the incumbent directors, the re-appointment of PricewaterhouseCoopers LLP as auditor of the Company and the approval of the Company’s existing 10% rolling stock option plan.
“Our total cash balance increased by $52 million in the quarter and total debt was reduced by over $36 million. Jody Kuzenko and team made this possible by delivering another set of excellent quarterly operational results. Gold price helped too, and the impact was magnified with the record number of ounces produced. Safety performance matched the record setting production results. The team and asset are well positioned to continue delivering exemplary results in the future.”
“We are delighted with the strong support for the Placement from Europe and Australia and we welcome several new Australian institutions to our Company’s register. This fundraising places Azure in a strong position moving forward, as we seek to increase the existing 32 million ounces of silver resources and 150,000 ounces of gold already identified at Alacrán. We’ll also be undertaking additional greenfields exploration to discover and develop more precious metals deposits on this very exciting project.”
The Company will use the net proceeds from the Offering for working capital in relation to the start-up of the Lindero project and for general working capital purposes.
The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Robert Macdonald as Vice President, Exploration, Graham Thatcher as Chief Financial Officer, and Arie Page as Corporate Secretary.
Harvest Gold Corporation announces that, subject to approval of the TSX Venture Exchange, it intends to consolidate the issued and outstanding common shares of the Company on a 10 pre-consolidation for 1 post-consolidation basis.
President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. We have developed an enviable gold project portfolio that is attracting funding partnerships and should result in substantial drill programs in 2020. With drilling comes the potential to increase Millrock’s share price through mineral deposit discovery”.
Dan Smith, Chairman of Alien, commented: “The first half of the year saw significant work carried out at the Company’s Donovan 2 project where sample results indicated the project is prospective for copper and gold mineralisation.
Capstone Mining Corp. will be hosting a group of analysts for a site visit to the Company’s Pinto Valley mine in Arizona and Cozamin mine in Zacatecas.
Prospero Silver Corp announces that Fortuna Silver Mines Inc has terminated the property option agreement for the Pachuca SE project which was signed in January, 2019. Fortuna has not earned an interest in the Pachuca SE property.
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