At the La Trinidad mine in Sinaloa, Mexico, gold production is nearing conclusion, with gold sales being used to fund ongoing reclamation and severance costs. Nearly all of the mining and process plant equipment has been moved to the United States with the exception of the laboratory equipment, which will be moved to Nicaragua imminently. Surplus equipment is expected to be sold over the coming months.
“Our operations performed well in Q3, generating $81.9 million in operating cash flow,” said Michael Steinmann, President and Chief Executive Officer.
”This transformative acquisition offers shareholders exposure to the potential of multiple high-grade silver and gold discoveries in a prolific district that has seen extremely limited modern exploration,” commented Michael Konnert, President and Chief Executive Officer of Vizsla.
“Hole 60 is the furthest we’ve stepped out west of the Main area, which is over a kilometre from our southernmost hole in the Main area. With these holes we’ve drilled at El Troce, we’ve seen continuous mineralization for over a kilometre through the Main, San Juan and El Troce areas, which form one continuous structure,” said Brad Langille, President and CEO.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “After our first phase of geophysics, we identified a large chargeability anomaly with the highest chargeability at the southern end of the grid and still wide open. In that southerly direction we have elevation relief and it was also where the anomaly appeared to be closest to surface. Prior to drilling this anomaly, we decided to carry out a second phase of geophysics to see if the anomaly continued to the south. The second phase of geophysics has revealed that the anomaly actually has a much longer strike length and appears to be somewhat wider.”
Glenn Jessome, President and CEO of Oceanus reports, “After delivering our maiden 43-101 compliant resource estimate our current ongoing program continues to explore our 28,414 hectare district scale El Tigre Property. These high-grade silver results in the Caleigh, Canon Combination and Protectora Veins further our understanding of the mineralization north of the old El Tigre mine. The results from the mapping and sampling of the underground workings and at surface present a series of high priority drill targets over a 2 kilometer strike length north of the old El Tigre Mine, which we intend to drill.”
The agreement was first announced on October 30th, 2018. Yaque is a private gold exploration company owned by a non-arms length company called OnTop Capital. The $1 million CAD purchase is being made by way of a five-year convertible debenture bearing 2.5% annual interest and carries a $0.20 per share conversion privilege.
Mr. Thicke joined Sean Waller, past-President and Joanne Freeze, CEO as a key member of the Candente Group management team in January 2010. “We were so blessed to have such a great friend and experienced and successful porphyry copper expert join us to lead our exploration team,” comments Sean Waller.
“Metal recoveries were lower than planned this quarter, which impacted revenues and by-product credits,” stated Brendan Cahill, President and CEO.
“The Company has delivered another quarter of improving operational and cost performance from both assets as we continue to advance our short-term operational plan and reposition the company for long-term success. The quarter over quarter improvement in our performance has underpinned the completion of a strategic equity financing during the quarter, which allowed us to reduce our debt position by $100 million and strengthen our balance sheet.” stated Renaud Adams, CEO.
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