Stroud Resources Ltd. is pleased to announce that its drilling permit application has been approved by the Mexican Mining Authority for its Santo Domingo Silver Property located in Hostotipaquillo Region of Jalisco, Mexico.
“In 2020, Newmont achieved record performance including $3.6 billion of free cash flow and ending the year with over $5.5 billion of consolidated cash. These results enable Newmont to lead the industry in shareholder returns, invest in organic growth and maintain financial flexibility,” said Tom Palmer, President and Chief Executive Officer.
Golden Minerals Company has today announced financial results and a business summary for the full fiscal year ending December 31, 2020.
“We saw modest disruptions in Quebec and Mexico; however, these did not materially impact our business. During the year we refinanced our long-term debt now due in 2028, and through solid free cash flow generation, added cash to the balance sheet, reduced our net debt, and increased dividends.”
Drs. Ressel and Christensen made an intriguing observation regarding the inversion of a stratigraphic horizon of rocks favourable to host gold-silver mineralization at Tenoriba from prior mapping. Should this inverted stratigraphy prove correct this could have significant positive implications as far as the abundance and location of this favourable stratigraphy as a host of gold-silver mineralization at Tenoriba.
“Pan American delivered strong financial performance in 2020, generating a record $462.3 million in operating cash flow, which enabled us to fully repay all bank debt, double our quarterly dividend to shareholders, and grow our cash balance at year end,” said Michael Steinmann, President and Chief Executive Officer
The Company intends to use the net proceeds from the offering for general corporate purposes and working capital, including to improve infrastructure at its Mexico and Montana antimony installations, to improve infrastructure at its Idaho zeolite operation, to fund a geochemical, geological and geophysical program at its Los Juarez property, to fund corporate governance expenses, and to retire certain indebtedness.
“We are continuing to build our digital database for Pino de Plata while negotiating the landowner agreement to permit drilling on several highly promising silver targets. The new LiDAR data will notably enhance our topographic control for the Phase 1 drill collar optimization and provides another value-added 3D element to our overall geological and structural compilation prior to the planned subsurface exploration,” said Greg Davison, Silver Spruce Director and VP Exploration.
CEO Michael Konnert stated, “Vizsla has had success drilling high-grade silver and gold at the Copala-Panuco district. Our goal is to drill a near-term resource at Napoleon, where we recently doubled the depth extension…”
The proceeds from the sale of the CDE Flow-Through Shares will be used on development expenses on the Magino project as permitted under the Tax Act to qualify as CDE.
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