Sonoro Metals Corp., as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to address issues with its technical disclosure regarding its Cerro Caliche project located in the municipality of Cucurpe, Sonora, Mexico.
All director nominees were re‑elected.
Consolidated Zinc Limited advises that the Mexican Government has instructed that all mining is to be considered an essential service, allowing the Plomosas mine and Aldama concentrator to re-commence operations from 18 May 2020.
The Company believes that, in addition to being contrary to various provisions of the Federal Constitution of the United Mexican States and Mexican domestic law, and Mexican court decisions, SAT’s actions contravene international law principles. In the Company’s view, these actions are neither fair nor equitable, are discriminatory against the Company as a foreign investor and amount to a denial of justice under international law. The Company is extremely disappointed that the unwarranted actions and threats of SAT, have continued at a time when the Company is focussed on protecting and preserving the employment and livelihood in Mexico of thousands of employees during the COVID-19 worldwide pandemic crisis.
“With the government of Mexico incorporating mining into the list of essential businesses that will be allowed to recommence activities on May 18th, we are preparing Peñasquito and our workforce for a safe, orderly and timely resumption of production,” said Tom Palmer, President and Chief Executive Officer.
Great Panther intends to use the net proceeds of the Offering for near mine and regional exploration programs at the Tucano Gold Mine and (improvement of the Company’s working capital balances and general corporate purposes.
ORLA MINING LTD. is pleased to announce the voting results for the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of Shareholders held today.
Coeur Mining, Inc. today announced that it has begun taking steps to restart active mining, processing and exploration activities at its Palmarejo gold-silver complex (“Palmarejo”) in the State of Chihuahua, Mexico in accordance with updated guidance from the Federal government of Mexico that precious metals mining is now considered an essential business activity.
The net proceeds from the sale of the Common Shares will be used for working capital and general corporate purposes, primarily the exploration, development and/or improvement of the Company’s existing mine properties, including those relating to bringing Relief Canyon into commercial production.
Mr. Carlos Silva, CEO, commented: “We look forward to bringing the Zimapan Mine back to production in a safe and orderly manner.” Mr. Silva continued; “We will maintain the strict measures and initiatives that were put in place at the beginning of the Covid-19 pandemic in order to protect the wellbeing of our employees and communities”.
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