Their collective background in mining, Mexico, and financing of development projects will assist the Company as it moves Las Minas towards a Preliminary Economic Assessment.
Riverside’s President and CEO, John-Mark Staude: “We are starting 2021 strong with an exciting drill program at the Cecilia Project. Recent exploration work has demonstrated the potential for high-grade gold mineralization at structural intersections namely the San Jose fault and the Agua Prieta structural corridor. Further work on the other target areas to come later this year as well as continued progress at additional Cerro Magallanes zones.”
Carlyle’s President and CEO, Morgan Good, commented, “Carlyle is excited to report the 2021 kick-off of its initial drill campaign with its partner Riverside at the gold-silver Cecilia Project for early February.”
Bradford Cooke, Endeavour CEO, commented, “Having completed the operational turn arounds at our Guanacevi and Bolanitos mines in 2020, we are forecasting relatively steady state performance from our operating mines in 2021, with slightly higher consolidated production offset by slightly higher operating costs at the three mines. Advancing our Terronera mine project through the feasibility study and project financing will be a key focus during the first half of the year.”
Consolidated Zinc Limit is pleased to announce that gold sampling and structural mapping has continued at the Plomosas mining lease concessions.
First Majestic Silver Corp. won a reprieve on criminal tax fraud charges in initial Mexican court hearings for a case that will test the strength of the country’s crackdown on tax evasion, according to people familiar with the matter.
Darren Pylot, Capstone’s President and CEO said, “After 14 years in operation, the best years of Cozamin are ahead. The mine is world-class with sustainable low costs and leading safety and environmental performance entrenched throughout the organization. The growth initiatives are supported by an entrepreneurial fabric at Capstone, as we embrace innovation and technology to create high impact value for our shareholders.”
Gold Resource Corporation declares its monthly dividend of one-third of a cent per common share for January 2021 payable on February 23, 2021 to shareholders of record as of February 11, 2021.
“We’ve now successfully milled close to 73,000 tonnes of development material at the Fresnillo plant since early August of 2020 generating cash-flow to help offset capex and gaining valuable metallurgical understanding at the same time” said George Paspalas, MAG Silver’s President and CEO. “This processing will continue through the end of 2021 and will further de-risk the project as it heads into commercial production.”
“We are pleased to have been able to acquire important mineral claims at San Javier in advance of drilling on the IOCG targets that have recently been identified on our Company ground. The Canuc team believes that we have significant discovery potential, and that our ground position is centrally located in what is rapidly becoming a dynamic mining and exploration camp.” Stated Christopher Berlet, President & CEO of Canuc Resources Corp.
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