Month: April 2020

Fred Davidson, CEO of IMPACT comments, “We welcome a strategic investor group for the full allotment of this binding financing. Given these unprecedented times of uncertainty, a stronger balance sheet ensures future growth for all stakeholders as well as offer opportunities and strategic directions on new assets. I want to thank our stakeholders and team for the ongoing dedication to our operation and growth.”

“Telson is very pleased to have received the cooperation of Trafigura in the negotiations to finalize the Letter Agreement thereby obtaining Trafigura’s waiver to a default under the Loan Agreements”, stated Ralph Shearing, Telson’s President & CEO.

Don Lindsay, Teck President and CEO said: “The global health crisis posed by COVID-19 is unlike anything previously faced by companies, by families, and by communities. The scope and severity of this pandemic requires all of us to step up and do our part.”

Mr. Zaunscherb, commented, “I am very excited to join the Board of Directors of GR Silver Mining at this time. Highlighted by the recent acquisition of the Plomosas Silver Project and recently released high-grade exploration results, the Company is on-track to further the re-emergence of the historic Rosario Mining District in Sinaloa, Mexico. Management deserves credit for assembling this prospective land package while maintaining a robust capital structure in these challenging times.”

“We are excited about the opportunities that we are currently working on and are utilizing this time efficiently to aggressively pursue a number of accretive acquisitions. We look forward to formally pursuing acquisitions once travel restrictions and national lockdowns are lifted.”

“We are pleased to report New Gold’s operational results for the quarter, which are very encouraging when considering the 2-week suspension at Rainy River in the latter part of March as well as the enhanced COVID-19 safety protocols put in place at both operations. At the end of the quarter, we closed a strategic $300 million transaction with the Ontario Teachers Pension Plan, which strengthens our balance sheet and provides additional financial flexibility and enhanced liquidity.” stated Renaud Adams, CEO.