“We are pleased to identify a new, large, and exciting resistivity anomaly at Cinco Senores,” stated Philip O’Neill, CEO and Director of Mexican Gold. “With our strong and improved financial position, we look forward to drilling the highly-prospective Cinco Senores target in the very near future.”
Taj Singh, President and CEO, states: “In just a few short weeks we have made great strides at Cordero. We have integrated our teams, progressed well through our review of historic drilling, planned our first holes, and accelerated the start-up of our drill campaign. We are very excited to be aggressively exploring one of the world’s largest silver projects against a backdrop of rising silver prices and we are confident that our high-grade and high-margin approach at Cordero will add significant value.”
“While exploration is giving me a big smile, and production at our operations in Argentina and Mexico (representing 60% of our guidance) are delivering as planned, production at Gold Bar and Black Fox has been a big disappointment. Unanticipated natural and operational issues coupled with startup delays at Gold Bar have pushed some of its production from 2019 into 2020. At Black Fox, production has been adversely impacted by slower than planned underground development. However, site management has been making steady progress towards resolving these production issues,” said Rob McEwen, Chairman and Chief Owner.
La empresa minera Autlán decidió cancelar este miércoles la compra de minas de oro de la empresa Golden Minerals Company. En un comunicado enviado a la Bolsa Mexicana de Valores (BMV),
Commenting on the strong potential of the Alacrán Project, Azure’s Managing Director, Mr. Tony Rovira, said: “Azure’s exploration team has a good track record for making significant silver and gold discoveries on the Alacrán project, with the Mesa de Plata and Loma Bonita deposits together containing resources of more than 32 million ounces of silver and 150,000 ounces of gold.”
2,794 tonnes of ore mined, with mined grades of 14.1% Zinc, 8.2% Lead and 42 g/t Silver
The funds raised under the Offer and the Placement will be used to fund the Plomosas Mine operations pending the processing and sale of zinc and lead concentrate currently stockpiled, to repay unsecured director loans, for working capital and to meet Offer expenses.
“I am pleased with the progress we made in all of our regions this quarter. Each of our regions delivered good increases in revenue as compared to last year and marked improvement in profitability,” said Denis Larocque, President and CEO of Major Drilling Group International Inc.
“We are thrilled to partner with Eric Sprott on this joint venture. He is already the single largest shareholder in Americas; with this new venture, we are further solidifying our relationship with him”, said Darren Blasutti, President and CEO of Americas Gold and Silver. “We look forward to putting his significant investment into developing the Galena Complex to benefit all our stakeholders in the coming months and transforming the Galena Complex into a leading US-based, profitable silver producer.”
J.D. Poliquin, chairman of Almaden stated, “John has been consulting to Almaden for many months, and we are pleased to welcome him in a permanent position. Pending the successful outcome of permitting and project financing, John’s focus at Almaden will be to repeat his recent success at Atlantic Gold, by bringing the Ixtaca project into production on time and on budget. We look forward to his contribution to our growing construction and operations team.”
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