Fortuna Releases 2019 Sustainability Report
May 6, 2020
Jorge A. Ganoza, President and CEO, commented, “At Fortuna, we are committed to integrate sustainability into our business strategy in an open and transparent manner.”
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Jorge A. Ganoza, President and CEO, commented, “At Fortuna, we are committed to integrate sustainability into our business strategy in an open and transparent manner.”
“The Company is pleased to close the oversubscribed financing and welcomes Alamos as a strategic investor,” stated Brian Skanderbeg, President and CEO of GFG. “With a strong treasury and multiple highly prospective targets, we are excited to resume our 2020 exploration programs to demonstrate the potential for the Pen Gold Project to host multiple gold deposits next to the world-class Timmins gold camp.”
Portree holds various legal or royalty interests in certain mineral properties in Mexico, including the Company’s Bilbao property and an asserted claim to a 2% net smelter royalty on six mining concessions located adjacent to the Cozamin Mine in Zacatecas operated by Capstone Mining Corp.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “During the current global COVID-19 crisis, the health and safety of our team is top priority. The Company has implemented measures to adhere to government-imposed restrictions. Meanwhile, our project team from the local area has been able to progress some aspects of our exploration program using strict safety protocols. The recent purchase of our own surface drill rig allows us flexibility to advance the drill program at San Marcial with our own professionally trained local crew, in isolation in the field camp.”
“El Nino produced strong cash flow during Q1 and will do so for the remainder of the year.”, stated Ewan Downie, President & CEO. “When Mercedes ramps up following the Mexican Government imposed care and maintenance, we will implement further initiatives to reduce costs, improve grade and maximise the profitability of the operation.”
Fred Stanford, President & CEO of Torex, stated: “Operationally this was a solid quarter, with 108,537 gold ounces produced. The production performance was complemented by the continued outstanding safety performance.”
Daniel Earle, President & CEO, commented, “We are deeply sorry to have learned of David’s passing and extend our thoughts and prayers to his family and everyone touched by this extraordinary person. David was the ‘World’s Best Mine Finder,’ discovering 17 major minerals deposits over a 50-year career. Our flagship project, Warintza, was a discovery he made while exploring in southeast Ecuador in the early 2000s, and our pipeline of grassroots exploration projects were his targets for future discoveries.”
CZL has formally applied for exemption from the ban of non-essential works due to the remote location of the mine and Aldama Plant. CZL awaits the ruling by the Chihuahua State Health Authority and the State Mines department.
“First quarter production at both our mining units were within expected production ranges,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “While the mandated business suspension at the end of the quarter isn’t ideal for business, I was pleased to see Mexico join in global efforts to combat the COVID-19 virus.”
Fortuna Silver Mines, Inc. provides an update on discussions with its senior lenders to amend the financial covenants contained in its US$150 million credit facility.
We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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