As Operator of the Cervantes Joint Venture, Aztec has mobilized a field crew to conduct a +500 soil sample program aimed at extending previous soil grids and covering targets with limited historic exploration.
The Company continues to see exciting developments in its business units including its key royalty assets, joint venture partnerships and exploration projects.
Mexican President Andres Manuel Lopez Obrador on Monday urged a Canadian mining company in the country to pay outstanding taxes, saying it was hiding behind the threat of international litigation to shirk its obligations.
Coeur Mining, Inc. today announced the upsize and pricing of its offering of U.S. $375,000,000 of 5.125% Senior Notes due 2029…
Pobladores de Samalayuca, representados por la asociación Mexicanos Contra la Corrupción y la Impunidad (MCCI), lograron la suspensión provisional de la operación de una mina canadiense en el área natural protegida en la zona.
Coeur Mining, Inc. today announced its intention to offer, subject to market and other conditions, $350,000,000 of Senior Notes due 2029.
Coeur Mining, Inc. today announced that it has commenced a cash tender offer to purchase any and all of its 5.875% Senior Notes due 2024. There are $230,000,000 aggregate principal amount of Notes outstanding.
The Company plans to use the net proceeds of the Offering to expand the Las Chispas resources and reserves through further drilling, to optimize the mine and processing plant design, to explore regional targets, and for general working capital purposes.
“The exercise and expiry of these warrants is a significant positive event as it bolsters our cash position and eliminates the selling pressure typically experienced with warrant expiration. In the last six weeks 18 million warrants were exercised. With a cash balance of nearly $100M Discovery is in a solid position to rapidly advance the Cordero project, one of the largest undeveloped silver assets in the world, at a time when silver demand is very strong and sizeable development assets are in short supply.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are excited to be undertaking the first major geophysical investigation of the San Marcial Project. The ground based survey of 3D IP and magnetometry will assist our technical team to better understand the underlying geology, map key structures – particularly those not apparent at surface – and to identify potentially mineralized zones both in the vicinity of the San Marcial Ag resource as well as on some of the key target areas identified by the Company over the past two years…”
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