Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.015 per common share and introduced a Dividend Reinvestment and Share Purchase Plan.
Pete Dougherty, President and CEO stated: “We are very pleased with the ongoing success of our exploration program at Magino, where we continue to intersect higher grade gold mineralization in structures at depth and as we step out to the west of Magino. We are especially pleased with the results of our deeper drilling where hole 20 intersected some of our best results yet, more than 700 metres vertically below surface, with 6 metres at 10.79 g/t Au, including a 2.95 metre interval of 21.07 g/t Au.”
“With production from the Bonanza Zone in sight, we are very pleased that the 2019 drilling program lived up to expectations by improving the understanding of the Deep Zone, which should add many years of life to the mine,” said George Paspalas, President and CEO of MAG.
Executive Chairman Daniel Kunz states, “This agreement provides additional long-term project stability as we continue to develop Los Reyes. We want to thank the legal teams on both sides, our new Country Manager Alejandro Careveo, the members of Ejido Tasajera, and the local communities for their work in support of the project.”
“2019 was a more challenging year as expected, but we remain determined and optimistic for the future.”
Significan progress was made in securing funding package for flagship Sonora Lithium Project (“Sonora”) in Mexico.
“I am very pleased to report Gold Resource Corporation delivered record gold production and its ninth consecutive year of profitability for 2019,” stated Gold Resource Corporation CEO and President, Mr. Jason Reid.
“2019 exploration drill results incorporated into the latest December 31, 2019 reserve reports for both the Nevada and Oaxaca Mining Units demonstrate significant exploration potential,” stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “The signing of the definitive share purchase agreement, and the ultimate acquisition of the Plomosas Project, together with the associated infrastructure and exploration database, will allow the Company to advance hunt for additional high-grade silver and gold resources in 2020.”
Millrock President & CEO commented: “The proximity to a high-grade mine, and proximity to a new high-grade gold deposit discovery made by our neighbours just on the other side of our mutual claim boundary, along with strong geological, geochemical and geophysical anomalies, make the Aurora target highly compelling.”
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