Day: May 15, 2020

Pete Dougherty added: “In discussions with Alio, we both agree the health and safety of our workforce and our communities is paramount and the strong rationale for the merger of our companies remains valid in spite of any near-term disruptions to operations. Therefore, we both agreed to waive the 45-day opt out clause to provide stakeholders with clarity and remove uncertainty around the merger. We expect the transaction to close in June.”

“We are very pleased with the progress at the project, and look forward to commencing processing of Juanicipio underground material through the Fresnillo plant in the coming months,” said George Paspalas, President and CEO. “The private placement by Eric Sprott has created significant financial flexibility for MAG as we move through the next stage of construction and completion of the Juanicipio flotation plant.”

“Equinox Gold had a strong first quarter bolstered by production from our newly acquired assets and achieved record gold production and record earnings from mine operations, despite navigating challenges related to the COVID-19 pandemic,” said Christian Milau, Chief Executive Officer.

The corporation also announces the resignation of Paul Bartos from its Board of Directors. The Board sincerely thanks Paul for his contributions during his tenure and wishes him the best in his endeavors.

Discovery Metals Corp. announces that Mr. Jose Vizquerra has resigned as a director of the Company, effective immediately, so that he can focus his efforts on other professional commitments.

Proceeds of the private placement will be used for funding exploration of the Buck property and working capital.

Dan O’Flaherty, CEO of Maverix, commented, “Despite global challenges due to COVID-19, Maverix had a strong start to the year, increasing our revenue and operating cash flow significantly by 64% and 128%, respectively, compared to Q1 2019. Our results demonstrate the strength of the diversified portfolio that we have established.”

The report, entitled “Preliminary Economic Assessment NI 43-101 Technical Report of the Velardeña Project, Durango State, Mexico” is dated May 8, 2020 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Tetra Tech.