Month: March 2020

Excellon and Otis Gold Obtain Interim Order for Plan of Arrangement

On February 24, Excellon entered into a definitive arrangement agreement with Otis, whereby, subject to the terms and conditions of the Arrangement Agreement, Excellon will acquire all of the Otis Shares on the basis of 0.23 of an Excellon common share for each Otis Share.

Alamos Gold Announces Repurchase of 3% NSR Royalty on Island Gold Mine and Corresponding Reduction in 2020 Cost Guidance

“The acquisition of the royalty further reduces costs at what is already a low-cost operation while also increasing our exposure to the tremendous exploration upside. Since we acquired Island Gold in 2017, the Mineral Reserve and Resource base has doubled with the deposit approaching four million ounces across all categories. With the deposit open laterally and down-plunge across several areas of focus, we see excellent potential for this growth to continue at a greatly reduced royalty on future production,” said John A. McCluskey, President and Chief Executive Officer.

Equinox Gold and Leagold Mining Complete Merger to Create Premier Americas Gold Producer

Ross Beaty, Executive Chair of Equinox Gold, stated: “We have created a major gold producer by combining the assets and leadership teams of Equinox Gold and Leagold, with a peer-leading growth profile and powerful financial, technical and operational management. Equinox Gold now has six producing mines, two development projects, two expansion projects and the financial capacity to fund its development plans.”

GoGold Intersects 9.5m at 430 g/t Silver Equivalent at Los Ricos South Project

“We’ve increased the pace of drilling at the Los Ricos South Project and continue to hit wide intercepts of good grade. We’ve released the results of our first short holes along the el Abra outcrop which confirm grade starts at surface, including hole 102 which showed 10.7m of 235 g/t silver equivalent,” said Brad Langille, President and CEO.

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