“Higher precious metals prices and strong performance from our primary gold operations drove a 14% increase in revenue, an 11% increase in adjusted EBITDA, and a four-fold increase in operating cash flow,” said Mitchell J. Krebs, President and Chief Executive Officer.
Mexican Gold is preparing for an upcoming drill program to follow-up the discovery of a high-grade gold occurrence in a previously unexplored area near the Cinco Senores prospect where the Company intersected 21.37 g/t gold over 2m and 8.94 g/t gold within the entire 5.2m altered zone in hole LM-19-CS-13.
Colibri Resource Corporation is pleased to announce that it has received the required drilling permits from SEMERNAT (Mexico Secretariat of Environment and Natural Resources) for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca Mexico.
Commander Resources Ltd. is pleased to report results from a 70 line kilometre Induced Polarization survey completed at the Company’s Pedro Gold project in late 2019. The Pedro property is located 100 Km from Torreon, Mexico in the northeastern part of the State of Durango and approximately 30 km west of the town of Mapimi. The wholly owned 1,750 ha property was acquired directly by Commander in 2016 from Bearing Lithium.
Kootenay Silver Inc. is pleased to announce the commencement of a 7,000-meter Phase II core drilling program following up on high grade results from the 2019 campaign at the Columba silver project in Chihuahua State, Mexico.
Newmont Corporation announced today that its Board of Directors unanimously approved investment in an Autonomous Haulage System at Boddington in Australia to enhance safety and productivity, while also extending mine life. Once fully operational in 2021, Boddington will be the world’s first open pit gold mine with an autonomous haul truck fleet.
“First Majestic had another strong year generating record revenues and ending the year with the highest cash balance in the Company’s 18-year history,” said Keith Neumeyer, President and CEO of First Majestic.
The proceeds of the Placement will be used entirely to fund drill programs on the Company’s high-grade silver-gold exploration projects in Mexico. The Placement is expected to close by March 31, 2020.
“The coming year promises to be one of solid cash flow, advancement of our Media Luna growth project, and pushing forward with our proprietary Muckahi Mining System to fuel future growth. Exciting times for Torex.”
“We had another tremendous year at Island Gold on all fronts with the asset continuing to evolve into a world class ore body. Over the past two years we have added more than two million ounces of Mineral Reserves and Resources, before mining depletion, with the deposit now approaching four million ounces in all categories. We see strong potential for this growth to continue with the deposit open laterally and down-plunge across multiple areas of focus,” said John A. McCluskey, President and Chief Executive Officer.
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