PRIZE MINING CORPORATION is pleased to announce that, further to its news release of May 1, 2019, it has closed the first tranche of a non-brokered private placement of 25,200,000 common shares at a price of $0.025 per Share for gross proceeds of $630,000.
Fred Davidson, President & CEO of IMPACT, stated, “In Q1 2019, silver prices continued to be challenging with prices below $16 USD/ounce. In reaction to these persistent low metal prices, IMPACT has reduced tonnage and focused on higher grades which resulted in a 16% reduction in cost and a 23% decline in revenue during the quarter. Going forward given the current silver price environment, we aim to break even on existing production levels while metal prices remain depressed and explore selective high-grade targets which IMPACT may fast track to higher grade production.”
Minera Alamos Inc. is pleased to announce the appointment of Carolina Salas as Vice President Technical Services. Ms. Salas, who has worked with the Companys senior management group at previous Mexican gold operations, will oversee final preparations related to the construction of commercial scale gold production facilities at the Santana Project in Sonora. Her addition will add further project development and operations expertise to an already strong in-country team with a proven track record successfully developing low capex gold projects.
La empresa Fresnillo plc invirtió 181.2 millones de dólares en actividades de exploración minera en 2018 y su objetivo para ese mismo rubro en 2019 es de 140 millones de dólares.
En el mismo comunicado se indicó que la empresa ha promovido las jornadas de salud en todas sus unidades mineras desde hace 5 años, atendiendo a más de 11 mil habitantes de comunidades cercanas a donde operan.
Arturo Prestamo, Santacruz’s CEO stated, ‘The acquisition of a 100% interest in Carrizal is important as it allows us to return to 100% ownership rights in the Veta Grande Project. It also offers the Company a chance to acquire an operating mine in a potentially accretive transaction that would enhance Santacruz’s operations.’
Excellon Resources Inc. announces the resignation of Rupy Dhadwar from his position of Chief Financial Officer.
We achieved record annual silver production and a very strong gold production. However, we were disappointed not to meet our long-term silver target of 65 Moz.
José Manuel Escamilla Jaime, director de Desarrollo Económico del gobierno municipal, destacó que en Fresnillo actualmente existen 77 mil 264 empleos formales, es decir, se tiene una tasa de desempleo de 3.2 por ciento, muy por debajo de la media nacional que es de 4.1 por ciento, a pesar de que la economía ha decrecido a nivel federal.
On May 9, 2019, the United States district court for the district of Colorado confirmed the August 2016 Arbitration award against DynaResource, Inc. and DynaResource de Mexico, S.A. de C.V. The district courts decision overruled the thoughtful and well-reasoned formal Recommendation of United States Magistrate Judge Kathleen M. Tafoya, which was previously issued on February 13, 2018….DynaUSA and DynaMéxico intend to appeal the district courts May 9, 2019 decision.
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