Marlin Gold Mining Ltd. is providing an update on Hurricane Willa, which made landfall on Mexicos Pacific coast as a Category 3 on Tuesday evening and crossed over the Companys wholly owned La Trinidad gold mine in Sinaloa, Mexico early Wednesday morning.
Pierre Gauthier, Chairman & CEO of Auxico, commented, “The dual listing of Auxico’s common shares on the NEX Exchange will provide our Company with access to the capital markets of London, one of the largest financial markets in the world. Access to growth capital from London, through the NEX Exchange, will help Auxico to advance its business plans in Colombia and Mexico, where we have access to significant opportunities in the mining sector. In addition, a NEX listing makes sense for our Company as a significant portion of our common shares are already held by residents of the UK.”
As previously noted, our production during the third quarter was unacceptably below expectations and not representative of the improvements we have made at Platosa in recent quarters, stated Brendan Cahill, President and CEO.
This new discovery hole is an extremely exciting development for the Company stated Darren Koningen, CEO of Minera Alamos. One of the driving factors behind the merger between Minera Alamos and Corex earlier this year was the significant untapped potential we believed we could unlock once the two Companies contiguous land packages were combined. As our knowledge base grows and we continue to better understand the regional geology we should continue to find additional mineralization. The discovery of the Divisadero area provides further evidence that the mineralizing events that occurred in the Nicho area are present at shallow depths elsewhere on our extensive property holdings.
“We have full faith and confidence in our Mexican legal team and the rule of law in Mexico. We believe that justice will prevail in the near future,” stated Mark Gordon, Odyssey CEO. “We remain confident in the extensive scientific testing and modeling conducted by subject matter experts that demonstrate the ability to safely and cost effectively recover phosphate from this offshore deposit.”
Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000.
Mr. Reid continued, I want to personally thank our shareholders, our team members, and all who have supported us along the way making this one hundredth consecutive monthly dividend possible. Our current operations in Mexico continue to deliver consistent production results, and we look forward to commissioning our first mine in Nevada mid-2019. We believe both mining units have the potential to contribute to future monthly dividends. On behalf of Gold Resource Corporations Board of Directors, management and team, we thank you for your continued support as we note this major milestone.
Fred Stanford, President & CEO of Torex stated: Media Luna is our next planned growth project and it is being advanced on a number of fronts. One of those fronts was the recently refreshed PEA, which illustrated an after-tax IRR of 27% using conventional mining technologies and 46% utilizing the proprietary, but untested, Muckahi Mining System1. Engineering optimization work is ongoing after the publication of the PEA.
“The third quarter included many positive changes for New Gold that will help reposition the Company as a leading, Canadian-focused intermediate gold producer. We strengthened the technical experience of the Board and senior executive team and announced the sale of the Mesquite Mine, which improves our cash position, secures the liquidity to complete the ramp-up of Rainy River, and allows us to focus exclusively on our two producing assets, Rainy River and New Afton, and unlocking value for our Blackwater project,” stated Renaud Adams, President and Chief Executive Officer.
Todo el respaldo de su Gobierno para que Sonora siga siendo líder nacional en el sector minero, expresó la gobernadora Claudia Pavlovich Arellano al inaugurar el XIII Congreso Internacional de Minería 2018, donde reafirmó su compromiso de seguir impulsando hasta lograr sea una realidad la deducibilidad en la exploración minera.
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