Month: October 2019

Freeport-McMoRan Reports Third-Quarter And Nine-Month 2019 Results

Richard C. Adkerson, President and Chief Executive Officer, said, “Our global team has established strong momentum on our three major initiatives to build value for shareholders. We are effectively executing our plans to establish large-scale production from our significant high-grade, low-cost and long-lived underground ore bodies at Grasberg; advance the Lone Star project in Arizona as a new cornerstone asset in the U.S.; and progress our innovation initiatives to enhance productivity and grow our Americas operations with low capital intensity.”

Excellon Announces Q3 2019 Production Results

“We are ahead of where we were after three quarters in 2018, despite lower base metal prices, but we continue to have further work to do at both Platosa and Miguel Auza,” stated Brendan Cahill, President and Chief Executive Officer.

Newmont Goldcorp Safely Starting Up Production at Peñasquito Mine in Mexico

“We appreciate the government’s efforts to uphold the law by assuring ongoing access to and from Peñasquito while continuing to sponsor the dialogue process, should that continue to be needed,” said Tom Palmer, President and Chief Executive Officer. “Our focus is on ensuring a safe start up of operations so our workforce can return to their jobs in an orderly manner.”

Fresnillo plc – Third Quarter Production Report for the Three Months Ended 30 September 2019

Octavio Alvídrez, Chief Executive Officer, said: “We continued to implement the performance improvement plan for our Fresnillo District mines during the third quarter. This programme includes intensive infill drilling to improve the geological model, dilution control and raising development rates, whilst also taking actions to address maintenance performance, contractor productivity and equipment availability. As a result, while grades remain variable, we are now processing higher volumes of ore on a more consistent basis at Fresnillo.”

Magna Gold Corp. Announces Closing of VRIFY Technology Transaction

Magna Gold Corp. is pleased to announce that further to its press releases dated June 11, 2019 and October 17, 2019, the Company has issued 99,502 common shares in the capital of the Company at a deemed issue price of $0.25125 per Share to VRIFY Technology Inc., in consideration for the provision of technology services. The Consideration Shares will be subject to a hold period of four months and one day from the closing date.

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