Almaden Minerals Ltd. was today notified by SEMARNAT, Mexico’s environmental authority, that the permitting process for the Ixtaca project has been suspended pending resolution of the mineral title lawsuit reported by the Company on September 10 and April 15, 2019.
The company’s net income in the first nine months of 2019 was $543.2 million, compared to net income of $1.2 billion in the first nine months of 2018. The $683.5 million year-over-year decrease was mainly due to lower operating income, partially offset by better financial results and a lower income tax expense.
Arturo Prestamo, Santacruz’s CEO stated, “We are pleased that Minera Cedros has agreed to extend the current expiry date of the Zimapan Mine lease agreement as we expect there will be substantial benefit to the Company from operating the Zimapan Mine during this period while also providing the parties additional time to negotiate the terms of the potential acquisition of the Zimapan Mine by Carrizal.”
Oceanus Resources Corporation announces that it is now live on VRIFY, a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations.
“We are honored to have introduced our projects to professors and Ph.D. students at CUMT,” stated Karl Boltz, CEO of Silver Spruce. “We look forward to them visiting our properties to engage in joint research. We are hopeful the perspective that they bring to our projects and their collective network of mining contacts in China will be of benefit to Silver Spruce over the long-term.”
Oroco Resource Corp. is pleased to announce that the warrant holders from a unit offering completed on April 26, 2018 have fully exercised all 4,500,000 share purchase warrants, providing proceeds to the Company of $720,000.
Argonaut Gold Inc. announces that the El Castillo mine is subject to an illegal blockade. At this time, leaching and gold absorption operations are continuing and metal production has not been impacted.
Alien Metals Limited, the AIM quoted mineral exploration and development company, is pleased to provide shareholders with an update on its due diligence on the Hancock Ranges and Brockman iron ore projects, over which the Company has an exclusive option to acquire 51%.
The Company determined that it did not properly disclose, under International Financial Reporting Standards, the required note disclosure for related party transactions and share capital.
Tocvan Ventures Corp. announces that it has granted an aggregate of 550,000 stock options to directors, officers and consultants of the Corporation, exercisable on or before October 24, 2024, at an exercise price of $0.15 per common share.
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