Exploration expenses were $0.9 million in the third quarter, reflecting work at Sand Canyon (Nevada), Yoquivo, Santa Maria and other properties primarily in Mexico, as well as property holding costs and allocated administrative expenses.
“We are excited to see the addition of South Arturo to the Company’s production profile, which is expected to positively affect our fourth quarter”, stated Ewan Downie, President & CEO. “We continue to advance multiple improvements at Mercedes aimed at increasing production and reducing costs.”
That comes as electric vehicle sales in China – the world’s largest EV market – fell nearly a third in September amid sliding government subsidies, the third consecutive monthly decline, according to Jefferies.
Teck Resources Limited announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on December 31, 2019, to shareholders of record at the close of business on December 13, 2019.
Rodrigo Barbosa, CEO of Aura, comments: “I am proud to announce these record-high operational results, which are based on our hard work on restarting Aranzazu, stabilizing San Andres and EPP, and a more favorable gold price in addition to our efforts on achieving operational excellence. I thank all our team for this outcome.”
The Offtake Agreement with Penoles covers the sale of zinc concentrate to 31 December 2020, with 100% of zinc concentrate to be sold to Penoles Met-Mex smelter located in Torreon, Mexico, with the zinc treatment charge set to the international benchmark.
“These sample results demonstrate the widespread nature of very high-grade mineralization across the Panuco project with greater than 1,000 g/t silver equivalent results obtained from six different prospects on four of the five veins sampled-to-date.” commented Charles Funk, Vice President of Exploration for Vizsla.
Henk van Alphen, Wealth’s CEO, stated, “The team at Wealth is working diligently to maximize opportunities for the Company. Wealth Copper’s launch as a public company listed on the TSX Venture Exchange is progressing and expected to be imminent, we are realizing value for non-core assets such as the Yanamina gold project, and we have been tenacious in advancing the Valsequillo silver project…”
Luis Castro, Vice President, Exploration commented, “We previously stopped mining the P4 orebody at the El Curso property boundary so these initial drill results simply confirm that the high grade silver-gold mineralization continues to the northwest. Since our main ramp access to the Milache orebody passes from P4 across the El Curso property, we are drilling from underground drill stations along the ramp.”
Technical Director of Alien Metals, Bill Brodie Good, commented that “the initial assay results and geological information from the technical due diligence field trip are highly encouraging. Of the 17 samples taken across the two projects, numerous assays returned greater than 60%+ Fe, which is direct shipping ore quality, and the brief geological mapping carried out further enhanced the perceived potential of both projects.”
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