Vangold Mining Corp announces that upon the recommencement of trading of the Company’s common shares, the shares will trade on two old for one new share consolidated basis. The Company’s name and trading symbol will remain unchanged. The record date for the consolidation is March 12, 2019.
With the closing of the first tranche, Defiance has strengthened its balance sheet and significantly reduced its outstanding liabilities. Defiance intends to use the proceeds of the financing to permit and complete an aggressive drill program at its San Acacio Silver project that will drill test the recently defined silver-copper anomaly that starts at a depth of 200m and continues to over 1km in depth and measures 400m in wide and 300m in long.
Tamino Minerals Inc. has agreed to retain the services of Mr. Dale Gray, an Arizona Registered Geologist. Mr. Gray has provided a variety of consulting services to Freeport McMoran for several mines in Arizona for a number of years.
Igor Gonzales, President and CEO of Sierra Metals commented, The new Corporate Facility combined with our strong cash flow provides greater financial flexibility to our capital structure and will enhance our ability to implement growth initiatives in line with the Companys strategic plan. The main use of this facility is to repay the existing BCP credit facility at our Diabras Peru subsidiary, which was established at the time of the Sociedad Minera Corona acquisition in 2011. The new structure provides a more efficient capital structure that would allow us to better meet the growth plans for Sierra Metals in the future.
Fred Davidson, President & CEO of IMPACT, stated, Over 2018 we encountered a mixture of lower silver prices and fluctuating foreign exchange rates. Operational changes have been made to address cost concerns and to mitigate financial risk at current silver prices. Going forward, IMPACTs objective is to achieve positive cash flow on existing production levels while exploring selective higher-grade targets which IMPACT can fast track to higher grade production.
Coeur Mining, Inc. today announced the appointment of Brian E. Sandoval, former Governor of Nevada, to the Companys Board of Directors and its Environmental, Health, Safety and Corporate Responsibility Committee effective March 8, 2019.
The Company would like to state that the private placement is still ongoing and management is still discussing with interested parties.
Colibri Resource Corporation wishes to announce that, subject to regulatory approval, it has completed a private placement in the amount of 6,340,000 units for gross proceeds of $317,000.
We have experienced operating issues at our Black Fox Mine and with the startup of our Gold Bar Mine. While viewed as temporary, these issues have resulted in much lower revenue this quarter than planned. As a result, we decided the prudent and responsible course of action was to conserve our cash and suspend the distribution, said Rob McEwen, Chairman and Chief Owner.
La mina de San Julián tiene su origen a mediados de 1800 cuando fue descubierta y trabajada por el inglés John Marshall con una planta de beneficio al parecer con capacidad de 100 toneladas / día.
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