Month: June 2020

McEwen Mining Closes the Refinancing of Its $50 Million Debt

As part of the refinancing, Sprott Private Resource Lending II, LP has replaced Royal Capital Management Corp. as a lender and the administrative agent for the Term Loan; and Evanachan Limited, a corporation wholly-owned by Rob McEwen, remains a lender.

Teck Named to 2020 Best 50 Corporate Citizens in Canada

“This recognition is made possible by our employees who ensure that sustainability is central to everything we do,” said Don Lindsay, President and CEO. “Teck is committed to being a positive corporate citizen and to responsibly producing the materials needed to build a better quality of life for people around the world.”

Tarachi Gold Corp Announces Start Of Field Program

Tarachi Gold Corp. is pleased to announce that field work has commenced on the Company’s group of mining concessions known as the Tarachi project located in the Sierra Madre Gold Belt of Eastern Sonora, Mexico. The Company’s projects all lie within an established gold producing region, bordering Alamos’ Mulatos mine and Agnico Eagle’s La India mine.

Candelaria Mining Closed US$9 Million Medium Term Loan Facility

Curtis Turner, CEO commented, “Candelaria is pleased to have reached agreement with a lender such as Accendo Banco for a project loan facility. This announcement represents a major catalyst in providing substantial economic development for the municipality of Pinos, Zacatecas in Mexico.”

Aztec Minerals IP-Resistivity Geophysical Survey Identifies Multiple Anomalies Over a 5 Km Long Porphyry Corridor at Cervantes Project in Sonora, Mexico

Joey Wilkins, CEO and President commented “Our geological mapping and geochemical sampling delineated five mineralized porphyry targets southwest of the main California target. This new 3-D IP data gave us more than we had hoped for in defining several strong and large chargeability anomalies that coincide with our geological and geochemical targets. None of the Jacobo, Purisima West, Purisima East and Estrella targets have ever been drill-tested.”

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