Jorge A. Ganoza, President and CEO, commented, “On the strength of our two operating mines and improved metal prices, we generated adjusted EBITDA of $19.2 million with strong free cash flow from ongoing operations of $10.6 million in the third quarter of 2019.”
“This represents another positive step towards achieving our plan for Florida Canyon,” said Mark Backens, President and CEO of Alio Gold. “Construction of the Phase II leach pad is already underway, and this funding will help us toward our goal of completing construction in Q2 2020 to take maximum advantage of operational efficiencies which we expect will drive cash flow.”
“Our team continues to execute on our business plan which focuses on acquiring or developing subsea mineral assets and advancing these projects along the development path to increase their near- and long-term value. Our current portfolio now includes the Exploraciones Oceanicas (ExO) Phosphate Deposit in Mexico, Lihir Subsea Gold (Bismarck) in Papua New Guinea, and a services contract that provides us with a meaningful equity component in the development of a polymetallic nodule project. Two additional projects are in the final stages of evaluation as potential additions to our portfolio.”
Además de continuar con su apuesta por las energías limpias, renglón en el que al haberse destacado como una de las empresas pioneras en México ha logrado avances importantes, tanto que cerca del 35 de sus operaciones se sustentan con la fuerza proveniente de fuentes renovables, Industrias Peñoles se prepara para enfrentar un nuevo reto dentro de la lucha global por la reducción de las emisiones de efecto invernadero, ahora con base a nuevas disposiciones oficiales que a nivel federal entrarán en vigor a partir de enero del próximo año.
Ridgestone Mining Inc. is pleased to announce the appointment of Mr. Jonathan George as CEO in place of Mr. Ted Liu (who will remain as a Board Director) and to its Board of Directors effective November 14, 2019.
Mexican Gold Corp. is pleased to announce that further to its July 15, 2019 news release announcing the closing of its non-brokered private placement of 50,000,000 common shares and 50,000,000 share purchase warrants, the Company is pleased to announce that it has received TSX Venture Exchange approval for the listing of the Warrants.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, “With the recent discovery and expansion of the Babi Vista Vein, we continue to add value through the drill bit at Las Chispas as we systematically discover and expand high-grade silver-gold mineralization in the district. These new drill results for Babi Vista are impressive, with the wider higher-grade intersections to depth being some of the widest mineralized vein intercepts on the property.”
“The acquisition of the Suanse Property solidifies the exploration potential of the greater Llano del Nogal project,” commented Paddy Nicol, CEO of Evrim. “In particular, Evrim’s Suanse porphyry target sits on the margin of the Suanse property boundary and can now be explored more completely and effectively. Evrim is seeking a partner for this exciting exploration opportunity.”
President and CEO, Arturo Bonillas stated: “The final four holes of the 2019 drill program at Mercedes was successful in drilling multiple gold intercepts of significant width and grade. We are looking forward to continued drilling success in 2020.”
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