Starcore International Mines Ltd. has filed the results for the third quarter ended January 31, 2019 for the Company and its mining operations in Queretaro, Mexico. The full version of the Companys Financial Statements and Managements Discussion and Analysis can be viewed on the Companys website at www.starcore.com, or SEDAR at www.sedar.com.
Newmont Mining Corporation today announced that, in connection with the anticipated combination of Newmont and Goldcorp Inc., Newmont has commenced 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, in each case, as set forth in the table below.
Our ability to operate in a socially and environmentally responsible way is foundational to our success as a business, and an important part of who we are as a company, said Don Lindsay, President and CEO. Thats why at Teck we make sustainability a part of everything we do. Throughout 2018, we were able to advance our work in sustainability while at the same time achieving record revenues, record EBITDA and record annual profit.
N. Eric Fier, CPG, P.Eng and CEO, remarked, Less than three years ago we first started drilling the Las Chispas Property and we are now announcing our third resource estimate, including our first Indicated Resource Estimate. We are particularly excited about the high-grade resources delineated at the Babicanora (including HW), Babicanora FW and Babicanora Norte Veins. These three adjacent veins cumulatively host Indicated Resources of 1.0 Million tonnes grading 1,234 gpt AgEq (39.8 million ounces of AgEq). These high-grade resources are near surface and conceptually can be developed using the same underground infrastructure, which may be a key driver of the economics for the project. This Third Mineral Resource Estimate will be used to finalize the ongoing PEA planned for release in Q2, 2019. The Company will continue exploration with seven core drills focused on infill drilling to upgrade additional inferred resources into the indicated category and five core drills testing up to five new vein prospects in H1, 2019.
Bacanora Lithium confirmed on Thursday that it is in talks with a number of potential cornerstone investors as it looks to secure $460m funding for the Sonora Lithium project in Mexico in the second quarter.
Aura Resources Inc. is pleased to provide an update on the progress of its corporate initiatives and announces the initiation of a private placement financing.
Leagold CEO Neil Woodyer commented: 2018 was a transformational year as we grew into a diversified, multi-mine operator with four mines in two countries. In only two years, we have completed two significant acquisitions and established Leagold as a mid-tier gold producer. We are now producing gold at an annual rate of about 400,000 oz per year. Our internal growth projects have potential to grow production to 700,000 oz per year. These growth projects are the expansion of the Los Filos mine complex and the restart of construction of the Santa Luz project. Both have recently completed feasibility studies. We are advancing with construction planning and optimizing the sequencing of the major expansion projects as part of our financial planning.
Bacanora Lithium PLC on Thursday said it continue to focus on securing USD460 million on funding for the Sonora lithium project in Mexico in the second quarter of 2019.
“We are still in the early days of exploring at Evolución, but the grades, widths and consistency of mineralization that we have intersected along strike and down dip are very encouraging, stated Ben Pullinger, Senior Vice President Geology. This drilling has loosely defined a large disseminated mineralized zone and we are working to use this data to vector in on higher grades in future drilling. We continue to view these results as evidence of a large mineralized system especially considering the amount of metal represented in these intersections and the numerous additional veins to be tested regionally.
GOLDCORP INC. announced today that Mr. Ian Telfer, the Chairman of Goldcorp, has informed Newmont Mining Corporation that he will not be joining the Newmont Goldcorp Board of Directors upon completion of the proposed acquisition of Goldcorp by Newmont. Mr. Telfer is focusing all of his efforts on having the Goldcorp shareholders approve the pending transaction with Newmont.
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