Month: April 2020

Doug Ramshaw, President, stated, “The strength of our partnership with Osisko has never been more clearly demonstrated than by their continued financial support during the current global uncertainty in equity markets. We remain fortunate we can access their financial and technical resources that allow us to remain on track to transition to gold producer in late 2020. Currently, our current working capital remains sufficient to execute our previously announced construction plans at Santana.”

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing with a syndicate of underwriters led by Stifel GMP and including Desjardins Capital Markets, Paradigm Capital and Cormark Securities Inc. A total of 36,600,000 common shares of Orla were fully subscribed and sold at a price of C$2.05 per Common Share, for aggregate gross proceeds to the Company of C$75,030,000.

Desde las primeras informaciones sobre la propagación del virus COVID-19 en el mundo, Grupo México instrumentó acciones preventivas de higiene y protección en sus instalaciones mineras, para salvaguardar la salud de sus trabajadores, sus familias y las comunidades cercanas. Hasta hoy, no se ha registrado ni un solo caso de contagio en las unidades de trabajo de la empresa.

GREAT PANTHER MINING LIMITED announces that it has initiated an orderly and safe suspension of mining and processing activities at the Guanajuato Mine Complex and the Topia Mine until April 30, 2020. The suspension complies with the directive of the Mexican Federal Government announced on March 31, 2020 to mitigate the spread of COVID-19.

Mithril Resources Limited [ASX: MTH] (“Mithril” or “the Company”) reports that the Mexican Federal Government announced a suspension of all non-essential activities in Mexico for 30 days to contain the advancement of COVID-19 virus from March 30 to April 30, 2020. As a result of this declaration, Sun Minerals Pty Ltd (“Sun Minerals”) will temporarily suspend outside personnel from entering the Copalquin project area at least until April 30, 2020 to limit potential exposure of personnel and nearby communities to the Virus.

“We’re extremely excited to begin this next chapter in Energold’s history,” announced Brian N. Mittman, the new CEO of Energold. “With the CCAA filing behind us, we look forward to continuing to provide world-class drilling services and to a future of steady, profitable growth.”

On March 31, 2020, the Government of Mexico announced extraordinary measures in response to the spread of COVID-19, which includes the suspension of all non-essential activities, including mining, until April 30, 2020. As a result, the Company has initiated the orderly temporary suspension of mining and processing activities. A reduced task force will remain on site to safeguard critical infrastructure and maintain environmental monitoring through the suspension period.