Category: Investor’s Corner

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.”

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.”

Guerrero Ventures has appointed Joseph de la Plante to the role of Chief Investment Officer, effective January 5, 2020.

“The third quarter performance, including our increased adjusted EBITDA results, demonstrates significant progress toward our twin financial goals of having no net revolver indebtedness at year end and refinancing our senior notes,” said Phillips S. Baker, Jr., President and CEO

“2019 marked a year of higher metal production and in the second half of the year, strong cash flow generation and an improved balance sheet,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “While gold & silver prices have increased, Greens Creek’s record silver production combined with the most gold production in Hecla’s history were the primary reasons for the cash flow strength.”

Avino Silver & Gold Mines Ltd. is pleased to announce the appointment of Nathan Harte as Chief Financial Officer and Peter Latta as VP Technical Services.