Fred Stanford, President & CEO of Torex, stated: “Operationally this was a solid quarter, with 108,537 gold ounces produced. The production performance was complemented by the continued outstanding safety performance.”
Daniel Earle, President & CEO, commented, “We are deeply sorry to have learned of David’s passing and extend our thoughts and prayers to his family and everyone touched by this extraordinary person. David was the ‘World’s Best Mine Finder,’ discovering 17 major minerals deposits over a 50-year career. Our flagship project, Warintza, was a discovery he made while exploring in southeast Ecuador in the early 2000s, and our pipeline of grassroots exploration projects were his targets for future discoveries.”
CZL has formally applied for exemption from the ban of non-essential works due to the remote location of the mine and Aldama Plant. CZL awaits the ruling by the Chihuahua State Health Authority and the State Mines department.
“First quarter production at both our mining units were within expected production ranges,” stated Mr. Jason Reid, President and CEO of Gold Resource Corporation. “While the mandated business suspension at the end of the quarter isn’t ideal for business, I was pleased to see Mexico join in global efforts to combat the COVID-19 virus.”
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.
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