“We delivered on our 2020 production guidance and produced more gold last year than in 2019, despite the challenges of COVID-19. Our teams in Brazil , Mexico , and Peru did a tremendous job prioritizing health and safety, while still achieving profitable production and executing our exploration programs”, stated Rob Henderson , President and CEO.
“The feasibility resource estimation will include 21 veins (5 veins containing a majority of the high-grade mineralization) of the known 45 veins. The best opportunities for resource expansion for the upcoming Feasibility Study are the Babi Vista Vein and Babi Vista Splay Vein, which were both discovered after the PEA release.”
“During the year, we repositioned the Company for long-term success as we transition to free cash flow generation in 2021. We improved our operational and cost performance, executed on our strategic capital plans, restructured our balance sheet and improved our liquidity position and we have shifted our focus to driving further operational and cost optimizations at both our assets.”
VanGold Director Hernan Dorado Smith said: “Having spent four days in Guanajuato with the Behre Dolbear team in November 2020, both at El Pinguico and at El Cubo, we are impressed with their experience, hard work, and professionalism. We look forward to a long business relationship with them.”
“2021 is all about setting the foundation for our future. As expected, our guidance for production, cash costs and sustaining capital is similar to years prior. The guided increase in non-sustaining capital expenditures year-over-year reflects strategic investments, including Media Luna, expanded development and exploration at ELG underground, a scoping-level study for a layback within the El Limón open pit, and ongoing field testing of Muckahi.”
The Private Placement, subject to acceptance by the TSX Venture Exchange, will raise aggregate gross proceeds of $1,400,000 to be used for exploration and advancement of the Company’s Las Minas Project, payment of outstanding invoices, and for general working capital.
Reyna Silver Corp. announces the grant of incentive stock options for the purchase of an aggregate of 502,400 common shares to consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan.
Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today, “I’m very pleased to announce that Golden Minerals has officially transitioned to gold-silver producer from exploration company. Despite the Covid-19-related uncertainties of the past year, we’ve been able to develop this project and put it into production ahead of schedule and on budget.”
Orogen Royalties Inc. is pleased to announce the appointment of Daniel Pace as Vice President of Exploration of the Company. Mr. Pace takes over from Mr. Dave Groves, who is retiring from the Company.
“For the second consecutive quarter, Parral made GoGold self-funding by paying all of the exploration and administrative costs for the Company.”
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