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.
Immediately before completion of the Acquisition, the Company held no Shares. Following completion of the Acquisition, the Company held 17,097,500 Shares, representing 19.9% of the issued and outstanding Shares on a non-diluted basis.
Orex’s President, Gary Cope said “We are very pleased that we have finalized this new joint venture arrangement, which allows Orex and Pan American to continue the advancement of the Sandra-Escobar project, previously initiated in our joint venture with Canasil Resources Inc.”.
As a result of local government restrictions related to the COVID-19 pandemic, the Company has temporarily suspended mining activities for 15 days at the RDM Mine in Minas Gerais State, Brazil.
Evrim Resources Corp. announces that it has terminated the option agreement with Harvest Gold Corporation on the Cerro Cascaron project in southwestern Chihuahua, Mexico. Evrim and Harvest Gold Corporation completed two seasons of exploration and ten diamond drill holes at Cerro Cascaron. Drilling results included 20.10 grams per tonne gold and 22.5 g/t silver over one metre in drill hole SPT18-01 at the Serpiente Dorada prospect, and 5.39 g/t gold and 23.7 g/t silver over 0.35 metres in SPED19-02 at the San Pedro prospect. These results and extensive areas of gold-silver showings at lower elevations have not been followed up or tested by drilling.
Igor Gonzales, President, and CEO of Sierra Metals, commented, “A smaller workforce will be maintained to oversee critical aspects of the operation, with the primary goal of facilitating a quick and efficient ramp up back to normal levels once the regional situation improves and state of emergency is lifted. Our team continues to be focused on the health and safety of our workforce. The Company also expects the government processes related to permitting applications to be deferred during this state of emergency.”
Freeport-McMoRan Inc. announced today that the Peruvian Government has extended the declaration of a National Emergency to April 12, 2020, associated with the Peruvian government’s efforts to contain the outbreak of COVID-19.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
