Radius Gold Inc. announces that in accordance with the terms of its option to acquire a 100% interest in the Amalia Gold-Silver Project located in Chihuahua, Mexico, the Company intends, subject to stock exchange approval, to issue 74,183 common shares in its capital stock to the Project owners. The shares will be issued at a deemed price of $0.09 per share.
Teck Resources Limited today announced the appointment of Greg Brouwer to Vice President, Technology and Innovation; Amparo Cornejo to Vice President, Chile Sustainability and Corporate Affairs; Chris Dechert to Vice President, South America; Sepanta Dorri to Vice President, Corporate Development; Karla Mills to Vice President, Project Development; Crystal Prystai to Vice President and Corporate Controller; and Keith Stein to Vice President, Major Projects.
Curtis Turner, President and CEO of Candelaria Mining stated: I am pleased to announce that Candelaria will hold 100% of the Pinos Gold Project. The recently released PEA shows that Pinos is a great small scale project with the ability to grow with exploration potential. Developing the property as outlined in the PEA will allow us to commence with a low-capex project which will generate cash flows to allow further expansion in operations and exploration organically.
Colibri Resource Corporation wishes to announce that it has entered into a one-year agreement with Agnico Eagle Mines Limited whereby it has agreed to allow Agnico Eagle to exclusively explore opportunities to dispose of Colibris joint venture interest with Agnico Eagle on the 6,564 hectare Pitaya project near Caborca in Sonora, Mexico.
The proposed merger of ValOro and Defiance is a “business combination” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). As a result, certain valuation and minority approval requirements apply to the merger.
Demand for our services continued to grow in all of our regions this quarter. Despite the recent drop in commodity prices, most senior mining companies are continuing with their original plans as they work to replace their mineral reserves, said Denis Larocque, President and CEO of Major Drilling Group International Inc. The Companys strong operational leverage was evidenced as revenue growth of 20%, combined with improved margins and flat general and administrative expenses, translated into a 71% increase in EBITDA.
Ethos Gold Corp. is pleased to announce that it has appointed Jo Price, M.Sc., MBA, P.Geo., as Vice-President Exploration. Jo is an independent geological consultant to a number of junior mining and exploration companies with more than 20 years in the field, including 10 years in project management. She has worked on multiple gold, poly-metallic, and graphite, and vanadium projects in the USA, Australia, and Canada. Jo has a Bachelor of Science in Geology (1995) from the University of Wales, College of Cardiff, and a Master of Science in Geology (1997) from Dalhousie University in Halifax. Jo is a professional geologist registered with the Association of Professional Engineers and Geoscientists of Alberta (APEGA) and Association of Engineers and Geoscientists of British Columbia (APEGBC).
We are very pleased to have worked with Samsung C&T since July, 2015 said David Wolfin, President and CEO. Extending the original contract shows that the relationship is beneficial to both parties. We are pleased that Samsung C&T, one of the worlds most recognizable companies views Avino as a trusted partner, and we thank them for their ongoing support.
The Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.
“During the third quarter we saw the beginning of the turnaround in our mining operations, as our quarter over quarter revenues from mining operations and improved production costs demonstrate.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “Although the positive changes to our production volumes and operating costs were modest, as a result of our significant mine development this year and continued focus on such at both Veta Grande and Rosario, we firmly believe that we are now positioned to see improved production volumes and increased grade of mineralized material being milled at both projects leading to lower unit costs of production.”
Mexico Mining Center © 2021 / All Rights Reserved
