Defiance intends to use the proceeds of the financing to continue an aggressive exploration program at its San Acacio Silver project. The drill program will focus on the discovery of new silver shoots along the Veta Grande vein, the recently defined silver-copper geophysical anomaly and further resource expansion.
Arturo Prestamo, Santacruz’s CEO stated, ‘We are pleased that Mineral Cedros has agreed to extend the current expiry date of the Zimapan Mine lease agreement as this provides Carrizal and Minera Cedros additional time to negotiate the potential acquisition of the Zimapan Mine by Carrizal from Minera Cedros.’
”This was a landmark quarter for MAG” said George Paspalas, President and CEO. ”The jointly announced go-ahead decision for the process plant construction marks the final stage in bringing Juanicipio into production. On top of that, the discovery of the North-South oriented Venadas veins opens a new chapter of vein discovery on the joint venture ground, most importantly, in the area where we will be mining. Juanicipio remains a property with remarkable exploration potential.”
Earlier this year, we articulated our business plan which focuses on developing subsea mineral assets to create and realize near and long-term value. To achieve this, we intend to continue development of our own projects, acquire other mineral rights/deposits and earn equity in deep-sea mineral projects through our leveraged contracting model, said Mark Gordon, Odyssey Chief Executive Officer and Chairman of the Board. Weve made significant progress on these goals so far this year, and we continue to push forward.
Cinco empresas contabilizaron aproximadamente 73% de la producción mexicana de plomo en 2018, con Fresnillo plc como el mayor productor.
P. Randy Reifel, President, commented, ”Metates hosts one of the largest undeveloped gold and silver deposits in the world. Metates is located in a miner-friendly jurisdiction relatively close to key existing infrastructure. We believe gold and silver are in the early stage of a major bull market. The NSR investment will provide leverage and optionality during a rising metals cycle.”
”The second quarter came in lower than expected primarily as a result of lower production at the Florida Canyon Mine resulting from low equipment availability of the aged mine fleet,” said Mark Backens, President and CEO. ”The Company is well advanced in securing a replacement loading and hauling fleet which addresses the long-standing problems associated with the current aged fleet that has reached the end of its service life. This is a major milestone for Florida Canyon and is expected to facilitate a significant increase in mining capacity and gold production at reduced cost over the life of the mine.”
Mako Mining Corp. today announced the grant of 42,500,000 incentive stock options to its officers and directors pursuant to the stock option plan of the Company. The number of shares reserved for issuance under the stock options is 42,500,000 common shares, representing approximately 7% of the current issued and outstanding common shares of the Company.
“Parral continues to perform well, with another record production quarter completed, and we’re seeing strong results thus far in July and August,” stated Brad Langille, President and CEO. “Leaching on the second lift is providing strong results, which is demonstrated by production growth and the increase in EBITDA from a year ago, with strong all-in costs of $13.61 in the quarter and $14.26 for the year to date. The SART project is on track, and once this is in operation in early 2020, we anticipate significant cost savings and cash inflows from liberated cyanide and copper that is currently in solution.”
GREAT PANTHER MINING LIMITED announces that, further to its press release dated August 1, 2019, the Company has closed its bought deal financing for aggregate gross proceeds of US$17,250,000, pursuant to which the Company issued 23,000,000 common shares of the Company at the price of US$0.75 per Share.
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