The Technical Report, dated effective November 13, 2020, is titled “NI 43-101 Technical Report Mineral Resource Estimate on the El Cobre Copper-Gold-Silver Property Veracruz State, Mexico” and is available under the Company’s profile on SEDAR (www.sedar.com).
“This quarter was one of our best in years, with record tonnage, excellent metal recoveries and solid cost reductions, all in a rising metal price environment,” stated Brendan Cahill, President and CEO.
“This Mineral Resource estimate is an excellent start for the Cerro de Oro gold project. With this in hand we are confident about rapidly advancing the work required to put us on a path toward a production decision at Cerro de Oro following the initial start up of operations at Santana.” stated Darren Koningen, CEO.
Great Panther Mining Limited has temporarily suspended operations at the Topia mine in Mexico due to the detection of COVID-19 among the workforce. The health and safety of employees, contractors, and host communities remains a priority.
“After a thorough process, Telson and Trafigura have established a Mexican trust mechanism which secures Trafigura’s loans. This now allows Telson to rapidly advance funding plans to secure the necessary capital to complete the construction of its partially built Tahuehueto gold mine project.” states Ralph Shearing, CEO…
Rodrigo Barbosa, CEO of Aura, comments: “We at Aura are very pleased with both our quarterly results and the new trajectory for the company. Not only did we start this quarter with a successful IPO in Brazil, significantly strengthening our balance sheet and our support base, but also we delivered on our promises: Stronger production, lower cost and continued profit growth.”
Red Oak Mining Corp. has closed, on an oversubscribed basis, its previously announced non-brokered private placement financing. The Company issued 10,423,500 units at a price of $0.10 per Unit for gross proceeds of $1,042,350.00.
“We are very pleased with the progress at Juanicipio. The metallurgical response of the mineralization is correlating well with our expectations. We will start optimizing flotation parameters over the next two quarters, which will significantly de-risk the Juanicipio plant start-up,” said George Paspalas, President and CEO.
VanGold Director Dan Oliver stated: “We are very pleased to have reached this new Agreement with Hernan and Gerardo Dorado the original venders of El Pinguico. The new terms allow VanGold to extend the cash payment portion of the Agreement out until March 2023 to allow VanGold to direct more of its resources to developing the El Pinguico Project.”
The Company continues to seek an amicable resolution of its dispute with the Government of Mexico including by diplomatic channels of resolution.
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