GoGold Resources Inc. has entered into various agreements to accelerate the acquisition of the 29 concessions that comprise the Los Ricos property in Jalisco, Mexico from private Mexican owners. The Concession Agreements replace the option agreement GoGold had for the Los Ricos property and save GoGold $5.4 million dollars (all amounts USD).
N. Eric Fier, CPG, P.Eng, and CEO, remarked, ”We continue to de-risk Las Chispas by achieving several significant milestones that are timely and noteworthy as we move forward to a construction decision, including; 1) the receipt of the General Explosives Permit with continuation of the planned underground exploration in the Babicanora Vein (Area 51 zone) and ongoing rehabilitation of the Babicanora Historic Adit for a secondary access to the vein, 2) acquisition of water rights, and 3) attaining 100% ownership of our mining concessions across all vein mineral resources.”
Fred Stanford, President and CEO of Torex, stated: ”We are currently in a debt repayment phase and after this is complete, we will be building cash to fund the construction of Media Luna, and other initiatives. Given these uses for near term cash flow, it is a prudent business decision to lock in some price protection for our primary product…”
El 21 de agosto, la empresa Alamos Gold y su filial Minas de Oro Nacional firmaron un convenio con la Universidad La Salle Campus Noroeste, a fin de trabajar juntos en el desarrollo urbano de la comunidad sonorense Matarachi.
Avino has upon the recommendations of its Compensation Committee, granted an aggregate of 526,000 incentive stock options under its Stock Option Plan, and 1,730,500 Restricted Share Units under the Restricted Share Unit Plan to its directors, officers, employees and consultants.
“Ha habido un aumento en los envíos de mineral de hierro y una clara disminución de la restricción del suministro recientemente”, dijo Sarah Zhao, una analista de Huatai Futures Co. quien también destacó los precios más bajos del acero luego de una acumulación de inventarios de dos meses. “Tanto la demanda como la oferta están alimentando la recesión”.
VVC Exploration Corporation announces that its Annual General Meeting of Shareholders took place on August 19, 2018 and that the shareholders approved the election of all Directors proposed by Management.
The accident involved a scooptram operating underground, and the individual fatally injured was the driver. There were no other injuries related to the accident.
Rodrigo Barbosa, President and CEO, stated, ”After important strategic moves with the sale of the Serrote project, the merger with Rio Novo, and the restart of our Aranzazu project, we also made strategic investments in exploration with positive results that we are pleased to announce.”
SSR Mining Inc. announces that it has completed the previously announced transaction with SilverCrest Metals Inc. to purchase, on a private placement basis, 780,000 common shares of SilverCrest at a price of C$5.85 per common share for total consideration of C$4,563,000.
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