Igor Gonzales, President, and CEO of Sierra Metals stated:“I am very pleased with the Company’s performance in 2019, which was a pivotal year as we achieved some key milestones towards the future expansions in Mexico and Peru.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “This transaction is in line with our growth strategy and vision of becoming a leading mining company controlling the most important silver-gold assets in the Rosario mining district, Mexico.”
Excellon Resources Inc. and Otis Gold Corp. are pleased to announce that the two leading independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co., have each recommended that shareholders approve the proposed acquisition by Excellon of all of the issued and outstanding shares of Otis by way of a statutory plan of arrangement.
Argonaut Gold Inc. and Alio Gold Inc. are pleased to announce that they have entered into a definitive agreement for an at-market merger whereby Argonaut will acquire all of the issued and outstanding shares of Alio.
Chris Ritchie, President, remarked, “We are thankful to report that there are currently no known cases of COVID-19 for any of our employees, contractors, their families in the communities near the Las Chispas Project. We are monitoring the situation and are proactively working with our people and community. We feel strongly that our local presence and activities alongside the government are critically important as we seek to prioritize health and safety where we live and work.”
Aura Minerals Inc. and Para Resources Inc. are pleased to announce that, further to the joint press releases issued by Aura and Para on February 10, 2020 and March 9, 2020, Aura completed the purchase of all of the issued and outstanding shares of Para’s wholly-owned subsidiary Z79 Resources, Inc. on March 27, 2020. Z79 owns through Gold Road Mining Corp. the Gold Road Mine located in Arizona and various options to acquire parcels of land adjacent to the Gold Road Project, among other things.
“This offer should be viewed favourably by Centerra as we believe that it represents a substantial premium to the median of current analyst consensus valuations attributed to Centerra’s 50% interest in GGM, full recovery of their total investment in GGM to date, and aligns with Centerra’s stated focus of maximizing the value of its existing operating assets over new build opportunities”, stated Ewan Downie, President and CEO of Premier.
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