Day: May 27, 2020

In Mexico, the Sonora government continues to maintain measures to prevent the spread of Covid-19 which includes, amongst other measures, the closing of schools and all non-essential business operations as well as cancelling events of more than 10 people. Accordingly, Bacanora’s Hermosillo pilot plant was placed in care and maintenance in late March 2020 after shipping samples to its engineering partners in the USA and China in order to maintain the Front End Engineering Design schedule. The pilot plant will remain closed until conditions are considered safe and the Government lifts its restrictions. It is currently anticipated that the pilot plant will re-open in June 2020.

Gold Resource Corporation declares its monthly instituted dividend of one-third of a cent per common share for May 2020 payable on June 23, 2020, to shareholders of record as of June 11, 2020.

Christian Milau, CEO of Equinox Gold, commented: “With a strong balance sheet and cash flow from a diversified portfolio of producing gold mines, Equinox Gold is well positioned to manage the COVID-19 pandemic and is fully funded to advance its pipeline of growth projects toward one million ounces of annual gold production.”

The Company wishes to advise its shareholders that the Mexican government had decreed an extension of the suspension of all non-essential activities until May 30, 2020. However, this extension does not apply to municipalities that present low or no known cases or transmission of the SARS-CoV2 virus, subject to criteria to be defined by the Secretariat of Health. As Ridgestone’s Rebeico project is located in a municipality with low or no transmission of the SARS-CoV2 virus, the Company’s activities and those of its service providers have now re-commenced.

Mr. K.D. Diepholz, Chairman/CEO of DynaResource, Inc. said: “I am pleased to receive the confidence and continued support from Golden Post and DynaUSA Shareholders. The recent financing of convertible promissory notes issued to Golden Post and DynaUSA Shareholders continues the Company’s tradition and business plan of financing business activities through the support of existing investors familiar with the DynaUSA and its operations.