Mr Stephen Copulos stated “the executive team lead by our Managing Director Mr Brad Marwood has done a tremendous job over the last 12 months completing a transformational change for the Company by commencing production at Plomosas and increasing ownership of Plomosas from 51% to 100% whilst mining safely at Plomosas with no environmental or safety incidents. My aim was to retire from the board on completion of all these achievements.”
“For much of 2019 we have employed a number of hourly workers who, combined with our salaried workforce, have operated the Lucky Friday on a limited basis,” said Phillips S. Baker, Jr., President and CEO. “We will now accelerate hiring and utilizing contractors with the goal of reaching full production by year-end 2020.”
Managing Director Tony Rovira stated, “Following receipt of environmental approvals last week, preparation of access tracks and drill sites and drill rig mobilisation commenced immediately and drilling at the Loma Bonita deposit is now underway.”
Under terms of the agreement, Newmont will receive $800 million in cash for its interests in KCGM, inclusive of a $25 million payment that gives Northern Star specified exploration tenements, transitional services support and an option to negotiate exclusively for 120 days the purchase of Newmont’s Kalgoorlie power business for fair market value.
Mithril to acquire private Australian exploration company Sun Minerals Pty Ltd which has an exclusive Option to earn up to 100% of the high-grade Copalquin Gold Silver Project in Durango, Mexico
Millrock President & CEO commented: “Millrock is very pleased to enter this agreement and we have enjoyed the first 60 days of collaboration with Resolution. The Aurora target is a compelling prospect and is now ready for immediate drilling. The target is located just west of the Pogo Gold Mine, where mine owners Northern Star Resources have announced a new gold deposit discovery* a short distance from the shared claim boundary.”
Ross Beaty, Chairman of Equinox Gold, stated: “This merger will create one of the world’s largest gold companies operating entirely in the Americas. In addition to having strong financial and operating metrics, our large scale will provide improved liquidity, greater asset and country diversification and a lower risk profile for all shareholders. This is the kind of gold company investors want today and I’m very pleased we are combining forces to achieve it.”
Talisker Resources Ltd. is pleased to announce that it has completed its previously announced acquisition of a 100% interest in the Bralorne Gold Project located in southwestern British Columbia from Avino Silver & Gold Mines Ltd. and its previously announced non-brokered private placement of $4.0 million.
David Wolfin, President and Chief Executive Officer of Avino commented, “We are pleased to announce the closing of this agreement with Talisker to transfer Avino’s ownership of Bralorne while retaining material economic exposure to the project through a significant equity investment in Talisker and the contingent cash payment payable upon the commencement of commercial production.”
The net proceeds of the flow-through financing shall be used for exploration programs at Melchett Lake VMS project in Ontario, and the net proceeds of the non-flow-through financing shall be used for general working capital
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