PREMIER GOLD MINES LIMITED is pleased to announce commercial production has been achieved, ahead of schedule, at the El Niño underground mine, the Company’s 40%-owned South Arturo Property located in the Carlin Trend of Nevada.
China’s Ganfeng Lithium said on Monday its net profit slumped 86.5% year-on-year in the third quarter as a sharp drop in the value of its financial assets exacerbated a fall in prices for the metal used in electric vehicle batteries.
Newmont Goldcorp Corporation announced today that its Board of Directors unanimously approved advancing the Tanami Expansion 2 project into the execution phase. The project is expected to exceed the Company’s required internal rate of return with profitable production and mine life extending beyond 2040.
Golden Minerals Company has provided activity updates related to five of its active precious metals exploration projects.
IMPACT Silver Corp. announces the granting of incentive stock options to directors, officers and employees, under its stock option plan, for the purchase of a total of 2,000,000 shares in its capital. The options are exercisable on or before October 25, 2024 at the above market price of $0.36 per share.
Alien Metals Ltd is pleased to report that it has appointed Novum Securities Ltd as its joint corporate broker with immediate effect.
“Over the past few years, we have focused our attention on maximizing production to capture margin during periods of higher commodity prices,” said Don Lindsay, President and CEO.
Vista’s President and CEO, Mr. Frederick H. Earnest commented, “Completing the 2019 PFS was a significant achievement in further advancing and de-risking Mt Todd. With average life-of-mine gold recoveries of 91.9%, NPV5% of $823 million, an IRR of 23.4% at a $1,350 per ounce gold price and a $0.70=A$1.00 exchange rate, and all major environmental approvals in place, we believe Mt Todd is a superior asset located in a Tier-1 mining jurisdiction…”
“With record performance at several of our operations and the ongoing ramp up of our two new mines in Nunavut, we achieved record quarterly gold production in the third quarter of 2019. As expected, this strong result, combined with the completion of the extensive construction spending program in Nunavut, resulted in the generation of substantial free cash flow in the quarter,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With the expectation of growing production and strong free cash flow generation, we are in a good position to continue to invest in our project pipeline, improve our financial flexibility and grow our dividend. We are pleased to announce a 40 percent increase in our quarterly dividend,” added Mr. Boyd.
The Company wishes to announce the resignation of Mr. Jim Voisin as President, Chief Executive Officer and director of the Company, as well as the resignations of Messrs. Gregg Roberts and Patrick Burns as directors of the board, effective immediately. The Company wishes to thank Messrs. Voisin, Roberts and Burns for their contribution to the Company and wishes them the best in their future endeavours.
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