Igor Gonzales, President and CEO of Sierra Metals commented, “I am pleased with Yauricocha’s performance in the fourth quarter which saw increases to revenue and consistent adjusted EBITDA compared to the same quarter in 2018.”
“The results of our operational excellence programs at the San Martin mine are starting to gain traction and have resulted in improved production, gold grade and gold recovery quarter over quarter” reported Salvador Garcia, Chief Operating Officer of the Company.
Rodrigo Barbosa, CEO of Aura, comments: “After 3 years of critical transformation supported by a high-performance team, Aura is now showing its true potential. Our second half of 2019 demonstrated what we can achieve, highlighted by the ramp up of Aranzazu following our announcement of commercial production at the end of 2018.”
“We welcome the changes to the Joint Venture Agreement and look forward to continuing to work on the engineering and design of the Zinnwald Lithium Project. We have a strong management team in place in Germany and continue to progress the project and work with potential investors on its financing. We fully believe that Zinnwald has the potential to become a leading supplier to the European battery industry.”
It should be clarified that the company has been the victim of several abuses by several Mexican businessmen in recent months, so the company has full confidence that the authorities will support us in resolving this investigation abiding to Law and demonstrating respect for Mexican Laws.
Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $850,000.
The net proceeds from the Offering will be used to advance exploration on the Company’s current projects ($300,000), for generation of new projects ($400,000), marketing of projects to funding partners ($150,000) and the remainder for general corporate purposes.
Mr Tom Ogryzlo, interim CEO, said in a statement that “This is a very important step in the future of the Company. It can pave the way for the Company to produce in the order of 3 million lbs of equivalent copper annually thereby generating cash flow to enable future growth.”
The Company has agreed to sell $475.0 million aggregate principal amount of 7.250% Senior Notes due 2028.
“With two new mines coming into production in Nunavut, 2019 was a pivotal year for the Company. We set new records for both annual gold production and cash provided by operating activities. Despite setting these production and cash flow records, the production ramp up in Nunavut has been slower than expected, which has resulted in higher than anticipated costs in the fourth quarter of 2019 and slight revisions to our 2020 production guidance,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “
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