Akiba Leisman, Chief Executive Officer of Mako states, “in a time of severe operational stress across our entire industry due to the COVID-19 global pandemic, being granted this additional concession demonstrates Mako’s commitment to Nicaragua for many years to come.”
Taj Singh, President and CEO, states: “These drill results are particularly positive for two reasons. First, they confirm that higher-grade breccia-hosted Ag-Au-Pb-Zn mineralization extends to the north-east beyond the previously defined limits of the Pozo de Plata zone. Second, drilling along the southernmost vein trend intercepted multiple sulfide veins that returned kilogram per tonne silver-equivalent intercepts. The first-ever drill test of veins highlights the excellent potential that may exist within this and other vein trends on the property. Follow-up drilling that targets expansion of higher-grade resources, is planned on both the north-east extension and the vein targets, as soon as exploration resumes at Cordero.”
Coeur Mining, Inc. today announced that it has begun taking steps toward the temporary suspension of active mining and processing activities at its Palmarejo gold-silver complex in the State of Chihuahua, Mexico in accordance with a government-mandated decree in response to the 2019 novel coronavirus. The decree, issued by the Federal government of Mexico, restricts all non-essential business activities through April 30, 2020. The Mexican government provided additional guidance on the decree on April 6, 2020, clarifying that mining does not qualify as an essential business activity.
“Hecla’s quick response to the COVID-19 outbreak began in February and has protected our workforce, enabling them to continue to safely operate our mines,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “While government orders have shut down two mines, our U.S. mines continue to operate as planned. Our balance sheet is strong with over $200 million in cash, and no near-term debt maturities with our revolver debt not due until 2023 and senior notes in 2028. Also, our charitable foundation is stepping up to support the communities we operate in during this time of need.”
Whilst the mining sector has not been deemed an essential service, the Government has instructed and authorised government authorities to consider and grant exemptions for mines based on individual circumstances.
ALORO MINING CORP. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 16,000,000 units at a price of $0.025 per Unit for gross proceeds of up to $400,000.
IMPACT Silver Corp. announces its financial and operating results for the year ended December 31, 2019, and temporary suspension of operations until April 30 to comply with a Mexican government decree for the mining industry in response to the COVID-19 pandemic.
“The health and safety of our employees, union partners, contractors and the communities in which they work and live are a priority,” said Ralph Shearing, President and CEO of Telson Mining. “We will continue to provide significant support to our employees and where possible to local community residents. To date, Telson has not experienced any incidents related to COVID-19 at its sites or corporate offices.”
Aztec intends to use the net proceeds from the Private Placement to conduct exploration work on its Tombstone CRD silver-gold-lead-zinc-copper project in Arizona, and for general working capital purposes.
Por otro lado Minera San Xavier realizó un donativo en especie de insumos médicos de protección personal al Hospital General de Soledad, la cual consiste en overoles de protección tipo tyvek, con completa protección superior de barrera, transpirabilidad y durabilidad y, así como respiradores N95, mascarillas con un nivel de filtrado recomendadas por la OMS.
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