The net proceeds raised through the issue of Units will be to advance the Company’s exploration properties located in Mexico and for general working capital purposes.
The Company intends to use the net proceeds of the Offering to conduct a drilling program on the Company’s Kwai property in the Red Lake mining district and for general working capital.
Minera Alamos Inc. is pleased to announce it has hired Chris Sharpe P.Eng to be the Company’s VP Project Development effective September 1st, 2020. With immediate effect, the Company has promoted Mr. Federico Alvarez to the position of Chief Operating Officer.
Fresnillo PLC celebró la reciente certificación otorgada a su filial Minera Saucito, la cual reconoce la excelencia del sistema de gestión de seguridad y salud ocupacional implementado al interior de sus instalaciones.
We are pleased to see Mr. Sprott take such a meaningful stake in the Company to welcome investment from other key strategic and institutional investors. We have approximately $34,000,000 in cash and are fully funded for continuous exploration drilling for the next two years. The Company now has four drill rigs turning on the underexplored Panuco silver district. Vizsla will now look to drill over 31,000 metres in 2020,” stated Michael Konnert, Chief Executive Officer of the Company.
Ranjeet Sundher, CEO of Brigadier notes, “I am delighted to welcome Mr. Fielding as a special advisor to the Company. His appointment is a singular opportunity that will pay dividends in terms of increasing our presence with financial institutions.”
“We are very pleased with our overall performance in this unprecedented quarter, a quarter that included enormous challenges presented by COVID-19. While we prioritized the safety of our employees and our key partners, we were able to report strong operational performance and complete two strategic transactions that restructured our balance sheet and improved our liquidity position,” stated Renaud Adams, CEO.
“In the second quarter we delivered solid financial performance with $984 million in adjusted EBITDA and $388 million in free cash flow, both substantial increases over the prior year quarter. Our focus remains on ensuring the health, safety and wellbeing of our workforce and neighboring communities as we manage through the Covid pandemic. I am very proud of our workforce for the agility and resolve that they have demonstrated during these challenging times,” said Tom Palmer, President and Chief Executive Officer.
“Q2 results were outstanding and I am proud of everyone for working safely, achieving our planned operational targets and advancing our growth initiatives, despite pandemic-related restrictions,” said Darren Pylot, President and CEO of Capstone.
The Company intends to use the net proceeds from the Offering for exploration, development and general corporate purposes.
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