“Based on this updated guidance we are still projecting to deliver growth in production relative to the third quarter of 2019. Our first priority is to take all necessary steps to ensure the safety of our employees and contractors at the Tucano Gold Mine while working diligently to minimize the impact to short-term and medium-term production,” stated James Bannantine, President & CEO.
Alamos Gold Inc. today reported that it has suspended all construction activities on its Kirazlı project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed.
As we move forward and progress as a company, we are avoiding past problems and heading towards a prosperous road with valuable knowledge and experience gained.
Effective at the opening on October 17, 2019 , the common shares of Boundary Gold and Copper Mining Ltd. will commence trading on TSX Venture Exchange, and the common shares of Prize Mining Corporation will be delisted. The Company is classified as an ‘Exploration/Development’ company.
Tamino Minerals, Mr. Pedro Villagran-Garcia, President & CEO, is pleased to confirm that it has a Property of Merit, or exploration target.
“As anticipated, our third quarter operational results reflected the beginning of a strong second half that is expected to continue throughout the remainder of the year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Wharf bounced back from a slow first half to deliver a strong quarter, while Palmarejo and Kensington generated solid operational results to help drive a 15% quarter-over-quarter increase in Companywide gold production…”
Taj Singh, President and CEO of Discovery commented, “We are excited to have substantially expanded our European investor base as we transition into our next phase of growth. We are also very appreciative of the continued support of Mr. Sprott and are pleased that he has significantly increased his ownership in Discovery. These investments ensure we are well funded to pursue exploration plans for our Cordero silver project, and also for our Coahuila silver-zinc-lead projects. For Discovery shareholders, this private placement is a strong endorsement of our future business plans.”
First Mexican Gold Corp. would like to report on a number of developments that have occurred and presently underway as outlined below.
“The Company has delivered another quarter of strong operational performance from both assets, which positions the Company to achieve its annual production guidance. I would like to congratulate the Rainy River team on delivering the fourth consecutive quarter of improved performance as we reposition the mine for long-term success. The New Afton team reported another solid quarter of in-line results as we continue to advance the development of the C-zone and unlock the long-term potential of that asset. As we enter the final quarter of this pivotal year, we have made significant progress at both operations, strengthened our balance sheet as we re-position the Company for long-term success and shareholder value creation.” stated Renaud Adams, CEO.
Paul Benson, President and CEO said, “During the third quarter, we delivered over 100,000 gold equivalent ounces from our three operations, with each mine achieving solid production results and operating performance. Each operation continues to track well against our improved production guidance for the year, positioning us to meet or exceed consolidated production guidance for the eighth consecutive year.”
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