Day: April 13, 2020

Silver One’s President and CEO Greg Crowe commented, “Silver One has reduced the current dilution to shareholders from having to issue close to 4 million shares of SVE (as per its 2017 Option Agreement with SSR Mining) to issuing just over 850,000 units of SVE. Additionally, Silver One has pushed back the commitment to pay Maverix US$1.0 million (50% in cash and 50% in SVE shares) to the first anniversary of commercial production at Candelaria in comparison to the original agreement that required payment immediately upon commercial production. Silver One’s management feels this agreement is in the best interest of our shareholders.”

La minería es el primer eslabón en la cadena de suministro y proporciona los materiales básicos necesarios para casi todos los sectores de infraestructura crítica, incluidos la atención médica, los servicios de emergencia, los sistemas de transporte, la tecnología de información, la energía, comunicaciones, alimentación y agricultura.

“Strong production from our three operating mines produced 6.2 million silver equivalent ounces in the first quarter, or 9% above our previously suspended guidance,” said Keith Neumeyer, President and CEO. “Our San Dimas, Santa Elena and La Encantada mines were all operating above guidance prior to Mexico’s Federal Decree to suspend all mining activities in response to the COVID-19 pandemic. While we support the actions being taken, we continue to engage in discussions with Federal and State authorities to raise awareness on the importance of silver mining as an essential business.”

Mexico’s Peñasquito mine, one of the country’s leading gold and silver producers, said on Monday that it had temporarily suspended operations to comply with government restrictions aimed at curbing the spread of the coronavirus.

SilverCrest Metals Inc. is pleased to announce a non‑brokered private placement of 10,000,000 common shares of the Company at a price of C$7.50 per share for gross proceeds of C$75 million.

In compliance with the recent directive of the Mexican Federal Government to suspend all non-essential activities, including mining, until April 30, 2020 in response to the COVID-19 pandemic, the Company has begun an orderly and safe suspension of mining activities at its Velardeña Properties (Durango State, Mexico).

Golden Minerals Company announced today that it has entered into an earn-in agreement with Barrick Gold Corporation whereby Barrick has acquired an option to earn a 70% interest in Golden’s El Quevar project located in the Salta Province of Argentina.