The Company expects to use the net proceeds of the Offering to fund (i) continuous development, maintenance and expansion of the Company’s producing assets; (ii) exploration and development of projects that are not yet in commercial production; and (iii) reinforcement of the Company’s capital structure.
Riverside’s President and CEO, John-Mark Staude, stated: “We are delighted to partner again with Hochschild Mining in Sonora, Mexico. We both see significant discovery potential at Los Cuarentas and our team is keen to get going in the field with safe, cost-effective exploration work to test a series of drill targets in short order.”
Vice President of Exploration Charles Funk commented “These results are a very exciting discovery for Vizsla with multiple veins intersected in drilling containing very high-grade silver, gold and base metals. These holes are the first ever drilled on the Napoleon vein which extends over more than 2 km of strike and hosts multiple small-scale mines and mineralized outcrops.”
Preparations are underway to begin clearing approximately 30m of debris from the bottom of the El Pinguico shaft, one of three shafts that gave access to the historic El Pinguico mine.
Candente Gold Corp. is pleased to advise that a due diligence team has been mobilized to both the San Dieguito de Arriba processing plant near Acaponeta, Nayarit, Mexico and the historic El Dorado Mine in Las Minitas, Nayarit.
Teck will issue US$550 million principal amount of 10-year senior unsecured notes, which will bear interest at the rate of 3.900% per annum.
Orex intends to use the net proceeds of the Offering to maintain its 40% share of the Sandra Project in good standing and fund its 40% share of the upcoming work program, and for general corporate and working capital purposes.
Sable Resources Ltd. announces that the Company has appointed Kelso Cartwright as CFO.
Teck Resources Limited announced today that it has commenced cash tender offers for any and all of its outstanding 4.500% Notes due 2021, 4.75% Notes due 2022 and 3.750% Notes due 2023.
The New Year Zone diamond-drill core program was completed by Layne de Mexico under the guidance of Steve Weiss (Chief Technical Advisor) and Jonathan George (CEO), with onsite supervision by geologists from Ridgestone’s partner YQ Gold.
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