La coordinación en el sitio se dio a través del sistema de comando unificado teniendo por comandante del incidente al Sr. Guido Sanchez Coello director ejecutivo del ERUM en México, teniendo contacto directo con la Coordinación Nacional de Protección Civil, Secretaria de la Defensa Nacional y la Secretaria de Marina Armada de México.
Sierra Metals Inc. is pleased to announce that it has entered into an Open Market Sale Agreement with Jefferies LLC, H.C. Wainwright & Co., LLC, Scotia Capital (USA) Inc. and Noble Capital Markets, Inc., pursuant to which the Company may, at its discretion and from time to time during the term of the Sales Agreement, sell, through the Agents, acting as agent and/or principal, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$55 million. Sales of Common Shares through the Agents, acting as agent, will be made through “at the market” issuances on the NYSE American at the market price prevailing at the time of each sale, and, as a result, sale prices may vary. No Common Shares will be offered or sold in Canada.
With the granting of this MIA, Telson is now fully permitted to build its planned Tahuehueto Mine and we intend to initiate construction of the mine immediately upon securing the necessary funding. Our funding efforts are at an advanced stage having received three separate offers from off-take concentrate purchasers and negotiations are in progress to finalize the projects capital expenditure funding. While there can be no assurance that we will obtain the required funding, we are confident that we will be able to come to a satisfactory arrangement with an off-take purchaser states Telsons CEO, Antonio Berlanga.
David Coburn, Gaineys CEO, stated, We are very excited to have Brian Metzenheim as our VP Exploration and now leading our exploration strategy and exploration team at Gainey. Brian has had a tremendous amount of success in Mexico with geological systems similar to what we are targeting at our El Colomo project.
According to the 28th edition of the Corporate Exploration Strategies (CES) by S&P Global Market Intelligence, this reversal of the near five-year downturn is being led by a robust gold sector, whose activity began picking up in mid-2016. Gold budgets for 2017 exploration are up 22% year over year. Zinc-focused producers and junior explorers have also boosted the zinc budget by 29% year over year to US$489 million, based on improved zinc prices since early 2016, according to the CES report.
Endeavour CEO Bradford Cooke commented, Third quarter production showed continued improvement over the second quarter production on a consolidated basis. Both Bolanitos and El Cubo are on track to meet or beat their operating plans for the year. Guanacevís performance is now rebounding with grades up in Q3 and our forecasted throughput up for Q4, targeting 1000 tpd by year-end.
Fred Stanford, President & CEO of Torex stated: The signing of this 25-year land lease agreement achieves another important milestone along the path to the development of the Media Luna project. I commend the Ejido members and our community relations team for conducting productive negotiations that quickly delivered a mutually beneficial outcome. Now we can all look forward to the next stages of project development, and the tremendous potential this project offers to create value.
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