Riverside’s President and CEO, John-Mark Staude, stated: “The latest work by our technical team and corresponding results are very encouraging and we intend to accelerate exploration efforts at Los Cuarentas given the potential for new high-grade gold discoveries across the property.”
ISS and Glass Lewis both recommend that Equinox Gold shareholders vote in favour of the resolutions to be voted on at the special meeting of shareholders to be held on January 28, 2020.
GR Silver Mining President and CEO, Marcio Fonseca, commented, “After receiving the wide silver results at the Faisanes target from our 2019 drill program, we are pleased to announce that work has begun on our 2020 program. The first phase will involve underground drilling from the existing San Marcial tunnel, where work is already underway to provide drill access.”
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “While overshadowed by the higher-grade Babicanora Main, Footwall, and Norte veins, the Babi Sur Vein is the fourth highest-grade vein of the 10 veins with estimated resources at Las Chispas. The results to date suggest a wider and higher-grade vein than estimated in the previous resource.”
Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.
During 2019, the El Castillo Complex and La Colorada mine production totaled 131,277 GEOs and 55,338 GEOs, respectively.
“2019 was a pivotal year for New Gold as we began the journey to reposition the company for long-term success and sustainable shareholder value creation. We are encouraged by the progress we have made in 2019 as we delivered on all our key commitments, including stabilizing operations and completing substantially all deferred construction capital at the Rainy River Mine, advancing the development of the New Afton C-zone, improving our balance sheet and achieving annual production guidance,” stated Renaud Adams, CEO.
“Coeur’s operations delivered solid gold production in 2019, highlighted by a strong second half of the year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Palmarejo was our best performing operation last year, while Kensington’s gold production increased 12% year-over-year. Wharf’s gold production was 58% higher in the second half of 2019 compared to the first half, leading to a 10% year-over-year production increase.”
“We would like to recognize the collaboration of the local community and the Mexican authorities with our team which has allowed us to reach this significant milestone in a timely fashion. This year will be an exciting one as we build and commission our first gold mine and complete the transformation of the Minera Alamos into a new gold producer. “ Stated Darren Koningen, CEO of Minera Alamos.
“Discovering an entirely new vein that has never previously been mapped, sampled or historically mined indicates the exploration potential that exists within the Panuco district” Vice President of Exploration, Charles Funk commented.
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