Month: September 2019

Defiance Silver Corp. reports that it intends to settle up to $150,000 of debt through the issuance of up to 535,715 common shares of the Company at a deemed price of $0.28 per Share to certain creditors of the Company, including certain of its directors and officers.

“We are honored to be receiving this Award for our commitment and leadership in corporate social responsibility in Mexico. As a company, sustainability and corporate social responsibility are core values which are incorporated into activities at all our operations,” said John A. McCluskey, President and CEO.

Starcore International Mines Ltd. has filed the results for the first quarter ended July 31, 2019 for the Company and its mining operations in Queretaro, Mexico.

“I am excited by the strong support shown by the Noteholders as demonstrated by the Interim Lender’s provision of the up to $3.75 million WC Facility, which will provide us with the working capital we need to meet our current customer demand and to continue to provide the highest standard of service through the CCAA proceedings,” said Marco Garrido, Director of Sales of Energold’s Mexico division.

Azure Minerals Limited is pleased to advise that a dispute over the recovery of IVA (the Mexican equivalent of GST) has been finalised with the Mexican tax authorities. This has resulted in the payment of Mx$10,337,075, approximately $767,000 Australian dollars (after conversion) to the Company’s 100% owned Mexican subsidiary Minera Azure SA de CV.

Newmont Goldcorp Corporation announced that the dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community (one of Peñasquito’s 25 neighboring communities) has been suspended and that an illegal blockade has resumed.

Jorge A. Ganoza, President, CEO and Director, commented, “The start of pre-production mining is one of the important milestones of the project as we go into the final stretch of construction…In its first full year of operation, Lindero is planned to produce between 145 to 160 thousand ounces of gold.”