Day: May 8, 2020

First Mexican Gold Corp. is pleased to announce that further to its press release of April 28, 2020, the Company has received approval from the TSX Venture Exchange and has completed the acquisition of a 100% interest in the Golden Giant project, located in the James Bay lowlands area of the northwestern region in the Province of Quebec.

“The 2019 Sustainability Report is our tenth published report, and shares our vision of sustainability and our progress towards our sustainability goals and initiatives. The 2019 Sustainability Report also marks Pan American Silver’s 25th year of operations. Throughout our history, we have been committed to the principles of sustainable development and conducting our activities in an environmentally and socially responsible manner,” said Michael Steinmann, President and CEO.

Bradford Cooke, Endeavour CEO, commented, “We are gratified to see that our operational performance improved significantly in the First Quarter, compared to both Q1 and Q4, 2019, in-line with our guidance prior to the government mandated suspension of mining operations. Notably, consolidated cash cost declined 37% year on year, reflecting the success of our operational turn-around and transition to higher grade orebodies at Guanacevi. All-in sustaining cost fell 5%, reflecting the elevated sustaining capex we invested to achieve a similar turn-around at Bolanitos over the next three months.”

Open pit mining is planned to gradually resume in July 2020. During the period from July to December 2020, an estimated 1.7 million to 1.9 million tonnes of ore are scheduled to be placed on the leach pad with an average gold grade of 1.00 g/t to 1.10 g/t. The estimated stripping ratio during this period is 0.68 to 0.75.