ZL Managing Director Brad Marwood said, The opportunity to replace the Grupo Mexico contract with a longer-term contract with improved conditions has been an opportunity that delivers process certainty for the next 18 months. I am very pleased that our Mexican team have secured this opportunity in such a timely manner.
Rob McEwen, Chairman and Chief Owner of McEwen Mining, stated We are very pleased to have successfully completed this equity raise as it fully funds the Companys current mining projects and exploration prospects.
Goldcorp Inc. was informed by Newmont Mining Corporation today that, in connection with Newmont’s previously announced offers to exchange any and all outstanding notes issued by Goldcorp for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont and (2) cash, and related consent solicitations to adopt certain proposed amendments to each of the indentures governing the Existing Goldcorp Notes, Newmont has received tenders with respect to the aggregate principal amounts of Existing Goldcorp Notes set forth below, which constitute the requisite number of consents to adopt the Existing Goldcorp Indentures.
For 2019, First Majestic is planning to invest a total of $26.2 million towards exploration to drill approximately 188,000 metres across its core Mexican assets. The 2019 drilling program will consist of approximately 11,600 metres of sustaining diamond drilling to support mining activities at the six operating mines; approximately 152,000 metres of expansionary diamond drilling intended to improve confidence and increase Mineral Resources with a focus on the Santa Elena Main Vein and the Central Block at San Dimas; and drill approximately 8,400 metres intended to test greenfield targets at Santa Elena and Del Toro. Furthermore, due to the exploration success in 2018 at Ermitaño, the Company is planning to complete a 16,000 metre drill program in 2019 to investigate the continuity of mineralization at shallow depths that may be amenable to open pit extraction.
Vangold intends to use the net proceeds from the private placement for general working capital and corporate purposes. The proposed increase in the private placement remains subject to acceptance by the TSX Venture Exchange.
Torq Resources Inc. announces the appointment of Stacy Rowa as Chief Financial Officer and the resignation of Peter Rees as Chief Financial Officer and Corporate Secretary, effective April 1, 2019. Mr. Rees is resigning to pursue a new opportunity.
GREAT PANTHER MINING LIMITED reports that Dr. Nicole Adshead-Bell has resigned from the Company’s Board of Directors effective today.
Igor Gonzales, President, and CEO of Sierra Metals stated: I am very pleased with the Companys performance during Q4 and full year 2018. Despite challenges such as harsh weather events in Q3 at the Bolivar Mine, the Company generated positive cash flow at its three operating Mines, realizing a 13% increase over 2017, and our production results were solid with year over year increases to the consolidated production of all metals except lead. The Company continues to realize positive returns on the capital investments and operational improvement efforts at all our Mines.This is best demonstrated through our improving operating performance, strengthening of our asset base, significantly lower all-in sustaining costs and continued strong cash flow.
:Fortuna Silver Mines Inc. reports that the Company has filed today updated technical reports on its San Jose Mine and Caylloma Mine dated effective February 22, 2019 and March 8, 2019, respectively. The technical reports are available on the Company’s website, on SEDAR, and on the SEC’s website.
This is an exciting development for the Pino de Plata project, stated Karl Boltz, the Company’s CEO. Field observations and historical data indicate that areas no focussed on during the preparation of the NI 43-101 report merit detailed field work and sampling prior to final selection of drill hole collar locations.
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