Fortuna Silver Mines, Inc. provides an update on discussions with its senior lenders to amend the financial covenants contained in its US$150 million credit facility.
Outcropping mineralization is only exposed in a small creek from which the historic mining developed. Potential extensions of mineralization are largely covered by overlying ignimbrite volcanics.
Palamina Corp. will conduct a non-brokered private placement offering of up to 6,000,000 units at a purchase price of $0.125 per Unit, for aggregate gross proceeds of up to $750,000.
Joey Wilkins, President and CEO of Aztec, commented, “We are pleased to update shareholders on our new strategic plan to advance the company’s two exciting exploration projects. With a new precious metals cycle underway, we plan to resume work on our Tombstone project in the historic Tombstone silver mining district.”
The proceeds from the sale of the Common Shares will be used for working capital and general corporate purposes, which may include the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production.
“We are responding to COVID-19 from a position of strength, taking proactive steps to prioritize the well-being of our employees and the communities in which we operate. These unprecedented times further highlight the importance of a proven operating model, talented workforce and the ability to adapt to dynamic circumstances quickly and with care for all stakeholders,” said Tom Palmer, President and Chief Executive Officer.
In addition to implementing all measures required by the governmental decree, the Company has also helped implement measures together with municipal authorities for Concepcion del Oro such as a screening checkpoint for all those entering the city and contracting the local workforce to produce additional face masks for ongoing essential activities.
ISS recommends that both Argonaut and Alio shareholders vote in favour of the resolutions to be voted on at the special meeting of shareholders to be held on May 20, 2020.
Una de las mayores empresas del sector de la minería en México, Fresnillo plc informó que espera la construcción de la planta de beneficio de Juanicipio, Zacatecas, a mediados de 2021, y que el gasto de capital de ese proyecto se incrementó de 395 millones a 440 millones de dólares.
Esta nueva unidad minera, construida con tecnología de punta, cuenta con una capacidad de molienda y procesamiento de 4,500 toneladas diarias de mineral, para producir un promedio anual de 4.7 millones de onzas de plata, 40,000 toneladas de zinc, 8,600 toneladas de plomo y 7,000 de cobre, contenidos en concentrados de plomo, zinc y cobre.
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