Month: January 2020

Hexagon Strengthens Claim as Digital Mining Leader with Blast Movement Technologies Acquisition

“This is great news for Hexagon customers,” said Nick Hare, Hexagon’s Mining division COO. “The Blast Movement Technologies system is the only one of its type and generates significant profits for customers in every blast at over 120 open pit mines globally. The company is rapidly growing and is becoming standard best practice for open cut mining operations. It will be a highly valuable and complementary addition to our suite of pit-to-plant digital solutions.”

Sable Resumes Drilling at Vinata, Acquires Drilling Permits for its Projects in Argentina and Two Key Permits for Scorpius Project in Peru

“The presence of this large halo of argillic alteration with anomalous gold values intercepted in several of our drillholes strongly suggests that Vinata is a robust epithermal system that deserves further drilling to understand it properly and to search for the possible occurrence of the actual feeder of the system.” commented Ruben Padilla, Sable’s VP of Exploration

Ridgestone Mining Appoints Richard Savage to the Advisory Board

Jonathan George, Ridgestone’s Chief Executive Officer and President, commented: “We are excited and fortunate to welcome Richard to our Advisory Board. His wealth of capital markets experience and more specifically his involvement in financing the mining sector significantly complements the skill set of our existing board and management team members. We look forward to his valuable input and advice in the exciting development of our Rebeico gold-copper project in Mexico.”

Hecla Reports Third Quarter 2019 Results

“The third quarter performance, including our increased adjusted EBITDA results, demonstrates significant progress toward our twin financial goals of having no net revolver indebtedness at year end and refinancing our senior notes,” said Phillips S. Baker, Jr., President and CEO

Hecla Reports 22% Higher Silver and 4% Higher Gold Production, Lower Debt, Growing Cash Balances

“2019 marked a year of higher metal production and in the second half of the year, strong cash flow generation and an improved balance sheet,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “While gold & silver prices have increased, Greens Creek’s record silver production combined with the most gold production in Hecla’s history were the primary reasons for the cash flow strength.”

Avino Announces Management Appointments

Avino Silver & Gold Mines Ltd. is pleased to announce the appointment of Nathan Harte as Chief Financial Officer and Peter Latta as VP Technical Services.

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