Freeport-McMoRan Inc. announced today that in response to the COVID-19 pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.05 per share previously planned for May 1, 2020.
Bacanora Lithium plc, a lithium exploration and development company, provides an update on activities at its Sonora Lithium Project in Mexico following the outbreak of Covid-19. Bacanora’s first priority is the health and well-being of its staff, partners and its local communities and has taken all appropriate measures to protect them in accordance with the relevant governmental and regional requirements.
Orla Mining Ltd. is pleased to announce that the Company has entered into a non-binding letter agreement with Fresnillo Plc as to the commercial terms on which Orla would obtain the right to expand the Camino Rojo oxide pit onto part of Fresnillo’s mineral concession located immediately to the north of Orla’s property under a definitive layback agreement
In response to yesterday’s declaration of a state of emergency by the Nova Scotia provincial government, the in-person meeting which was scheduled to be held at Hotel Halifax is replaced by teleconference.
“The discovery of strong copper mineralisation hosted by iron-rich breccia at Gregors is very promising, as there is a history of discovering and exploiting high-grade, copper-rich breccia pipes in the surrounding Cananea mining district, particularly at the nearby Cananea Copper Mine located 10km to the northwest. I’m looking forward to completing our interpretation of the results and recommencing drilling as soon as practicable.”
“Our business continuity plans and rapid response teams have been fully mobilized in response to the COVID-19 global pandemic,” said Tom Palmer, President and Chief Executive Officer.
All operations and offices have implemented travel restrictions, supervision, monitoring and response plans to reduce the risk of COVID-19 exposure and outbreak. International travel has been suspended until further notice and health screening of any local contractors, visitors and employees has been implemented when appropriate.
We are in regular contact with local health authorities and continue to monitor global trends for best practice and adjust accordingly.
Pete Dougherty, President & CEO stated: “It is important to recognize the seriousness of the COVID-19 pandemic and while we have not experienced a known or suspected case in the Company to date, we have been and will continue to take precautionary measures. The health and safety of our workforce is paramount and we want to continue to maintain a safe work environment.”
Almaden Minerals Ltd. today announced that it has amended its private placement originally announced on March 10, 2020 in order to reflect current market conditions.
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