Coeur Mining, Inc. today announced that it will be moving its 2020 Annual Stockholders’ Meeting to a virtual- only format in response to public health and travel safety concerns relating to the coronavirus (COVID-19), and to support the health and safety of its stockholders, employees, and stakeholders.
ALORO MINING CORP. announces that, due to the COVID-19 pandemic and the market conditions, it will not be proceeding with the non-brokered private placement announced on April 6, 2020.
Prime Mining Corp. reports that results from new trenches and road cuts in the Company’s ongoing surface exploration program continue to show wide mineralized areas over the Guadalupe West deposit.
Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased with the progress and high-grade gold results above and around the former mining operations at Santa Rosalia and other target areas. We look forward to progressing this Project potentially with a joint-venture partner and are excited to be located in between two highly valued mining and development operations. The approved drill permit allows Riverside to take the next necessary steps at Los Cuarentas.”
Rob Henderson has been appointed President and CEO effective April 21, 2020.
Newmont Corporation today announced that its Board of Directors declared a quarterly dividend of $0.25 per share of common stock, payable on June 18, 2020, to holders of record at the close of business on June 4, 2020.
The net proceeds of the SSR Mining Placement will be used for continued exploration and development of the Company’s Las Chispas Project and for general working capital and administrative purposes. Following completion of the SSR Mining Placement, SilverCrest will have a cash balance of C$234 million in its treasury.
In conjunction with the Private Placement, we have entered into a transaction with a third party to divest of the 3,597,291 SilverCrest common shares to be acquired pursuant to the Private Placement at a price of C$7.65 per common share for a pre-tax gain of approximately C$0.5 million. Following the disposition, we will continue to own 9,000,645 common shares in SilverCrest.
The Company intends to use the net proceeds for working capital and for other general corporate purposes, including continuing to advance its Rodeo and Velardeña properties in Durango, Mexico.
Mr. Carlos Silva, the Company’s COO stated: “The Company enacted strict safety and personal protection guidelines in late March at all of its mine operations as a response to the Covid-19 pandemic and has closely monitored activities since then. Although no cases of Covid-19 have been documented with respect to staff working at any of our operations, the Company and the Zimapan mine owner, Grupo Peñoles, S.A.B. de C.V., have determined to temporarily halt all mining, milling and exploration activities at the Zimapan mine so as to better protect the Company’s labour force and local communities from this pandemic.”
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