The board of directors of Jinchuan Group International Resources Co. Ltd. announces that due to personal reason, Ms. Sun Wei has tendered a resignation letter resigning from the position of joint company secretary of the Company and all other positions with the Company and the subsidiaries of the Company with effect from 18 November 2019.
4,827 tonnes of ore mined, significantly higher than the 1,363 tonnes mined in September as the Company increased ore mining production during the month
Negotiation talks between the company and union workers broke down last Thursday after both sides failed to reach an agreement.
Taj Singh, President and CEO of Discovery states: “We are pleased to join the OTCQX Market. Our current and future investors will benefit from a stronger and more efficient platform to trade within the U.S. that also provides us with significant additional market exposure.”
“Discovery Metals Corp joins nearly 200 companies listed in Canada that cross-trade their shares on the OTCQX Best Market in the U.S.,” said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group.
Diversified miner South32 Ltd said Monday it has appointed Guy Lansdown as independent non-executive director with effect on December 2.
Greg Crowe, President and CEO of Silver One Resources commented, “The results of the geophysical survey are very revealing and valuable, as they point to a completely new target not previously identified which exhibits geophysical characteristics similar to IOCG systems in various parts of the world.”
Jorge A. Ganoza, President and CEO, commented, “On the strength of our two operating mines and improved metal prices, we generated adjusted EBITDA of $19.2 million with strong free cash flow from ongoing operations of $10.6 million in the third quarter of 2019.”
“This represents another positive step towards achieving our plan for Florida Canyon,” said Mark Backens, President and CEO of Alio Gold. “Construction of the Phase II leach pad is already underway, and this funding will help us toward our goal of completing construction in Q2 2020 to take maximum advantage of operational efficiencies which we expect will drive cash flow.”
“Our team continues to execute on our business plan which focuses on acquiring or developing subsea mineral assets and advancing these projects along the development path to increase their near- and long-term value. Our current portfolio now includes the Exploraciones Oceanicas (ExO) Phosphate Deposit in Mexico, Lihir Subsea Gold (Bismarck) in Papua New Guinea, and a services contract that provides us with a meaningful equity component in the development of a polymetallic nodule project. Two additional projects are in the final stages of evaluation as potential additions to our portfolio.”
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