The aggregate proceeds raised under the Offering will be used for exploration expenditures related to the Gold Chain, Arizona project; the Jefferson Canyon, Nevada project; the Tip Top Gold, Nevada project (subject to completion of the proposed Territory Metals Corp. acquisition, see press release dated June 4, 2020); and, for working capital and general corporate purposes.

Great Panther President and CEO Rob Henderson commented, “In Brazil, Tucano outperformed this quarter despite the challenges of COVID-19, and in Mexico, Topia and GMC have returned to stable production following the lifting of government mandated restrictions on mining. I would like to thank our teams for delivering these strong results while prioritizing the safety and health of our people and communities and adjusting to these unprecedented times.”

“We are targeting significant widths of high-grade silver in an epithermal silver district that was mined for over 750 years, but has never seen modern day exploration for precious metals,” stated Ben Pullinger, SVP Geology.

Bradford Cooke, Endeavour CEO, commented, “I am pleased to report that notwithstanding the challenges of the COVID-19 pandemic, Endeavour personnel were pro-active in minimizing its impact on our mining operations in Mexico. We implemented our coronavirus prevention and response plan in mid-March and it has been very effective. I commend our Mexico management and employees for responding positively when called upon by these extraordinary circumstances.”

“This is a very significant milestone for the Project and the culmination of six years of effort which included extensive field work, assessments and consultation with the Indigenous communities, local communities and federal/provincial agencies.”, stated John Begeman, Executive Chairman of Premier.

Torex Gold Resources Inc. announces Q2 2020 gold production of 59,500 ounces. Gold sold during the quarter was 63,140 ounces at an average realized gold price of $1,710 per ounce.