Month: April 2020

Thomas A. Doyle, President, CEO stated: “We recognize the seriousness of the COVID-19 pandemic and we will continue to take precautionary measures. The health and safety of our workforce, their families and the communities in which we operate is paramount and we continue to be dedicated to maintaining a safe work environment.”

Torex Gold Resources Inc. announces that consistent with the COVID-19 related decree issued by the Government of Mexico for all non-essential businesses in the country to temporarily suspend operations, production at the Company’s El Limón Guajes mine will be suspended until April 30, 2020. Guidance is also suspended until further notice.

At the first closing, Guerrero issued 3,420,800 Subscription Receipts at an issue price of C$0.90 per Subscription Receipt for gross proceeds of approximately C$3.08 million. Guerrero expects to hold a second closing of the private placement in April in order to accommodate investors dealing with longer approval and processing periods due to the Covid-19 pandemic.

Pan American Silver Corp. announced today that Mexico’s Ministry of Health has issued an Executive Order for the immediate suspension of non-essential activities until April 30, 2020 in response to the COVID-19 pandemic. Following an initiative of reducing the number of people on site to increase physical distancing, Pan American will now expand this program in order to bring its La Colorada and Dolores operations into compliance with the Executive Order.

The Company is following World Health Organization protocols and local government rules and recommendations at all its projects and corporate offices. Office employees are working remotely wherever possible. Certain business restrictions have been implemented in Mexico, but currently the Company’s oxide mill at Velardeña (Durango State, Mexico) continues to operate normally as it processes ore for Hecla Mining Company’s San Sebastian mine per the terms of an existing agreement.

Vizsla Resources Corp. reports that the Company is postponing its Mexican exploration operations at the Panuco project in accordance with the recent announcement by the Mexican Federal Government to temporarily suspend all non-essential business operations until April 30, 2020, in response to the COVID- 19 virus outbreak. During this time, however, the Company expects to release drill assays from the Project.

Bradford Cooke, Endeavour CEO, commented, “Suspending our mining operations on a temporary basis is the best way to ensure the health of our work force during this COVID-19 crisis. We are also working with the local communities to protect the health of the local people, inform them of the precautions needed to stay healthy, and provide medical supplies, masks, cleaners and disinfectants as needed.”

“We stand with the People and Government of Mexico, as we all have a part to play in stopping this global pandemic,” stated Brendan Cahill, President and CEO. “We hope that the significant steps Mexico has taken will save lives across the country. We stand ready to safely resume operations at the appropriate time to contribute to our local economies and critical global supply chains.”

“While we have not experienced a known or suspected case of COVID-19 in the Company, safety and the health of our employees, contractors, and communities where we are operating is our top priority in this unprecedented time. Parral’s operation, being a heap leach, makes it essential to continue the circulation of leaching solution which will continue to produce silver and gold during this period. All essential employees for this operation will follow safety protocols and precautionary measures, while exploration activity at Los Ricos will be temporarily suspended allowing our team to focus remotely on a resource model,” said Brad Langille, President and CEO.