Silver and gold production for the first six months totaled 3.1 million ounces and 17,200 ounces, respectively.
Fabled Copper Corp. is pleased to announce that it has entered into a letter of intent with an arm’s length vendor, Golden Minerals Company, for a proposed transaction under which the Vendor will grant Fabled the option to acquire a 100% interest in the Santa María Mine in the State of Chihuahua, Mexico.
En el marco del regreso a la nueva normalidad, Fresnillo plc continúa implementando las medidas sanitarias en sus centros de trabajo y apoyando a las comunidades aledañas a las operaciones.
“Island Gold has been a tremendous acquisition for Alamos Gold. We acquired Island Gold in 2017 at a cost of approximately $600 million when it had 1.8 million ounces of Mineral Reserves and Resources. This high-grade deposit has more than doubled to 3.7 million ounces and we expect further growth yet.”
“In spite of the COVID-19 related shutdown at Parral for part of the quarter, we were able to achieve an exceptional result. With the increase in realized silver price for the quarter of approximately $1.50 per ounce, there was minimal economic impact at Parral,” said Brad Langille, President and CEO. “We expect to see similar site cash flows as the previous quarter.”
“We are pleased to be able to expedite the appointment of Ian Rice to Oroco’s Board of Directors at this important time in our development” stated Oroco’s CEO, Craig Dalziel.
“Over the past number of quarters, the management team has advanced a disciplined approach aimed at repositioning our operations for profitability and free cash flow generation. As our operational performance improved, we have been able to execute on strategic opportunities to restructure our balance sheet and improve our liquidity position as we enter the next phase of our growth strategy.” said Renaud Adams, CEO.
Bradford Cooke, CEO, commented, “This final iteration of our Terronera PFS adds real value to the project, reducing the initial development capex and significantly enhancing our financial returns. Endeavour’s Director of Project Development Ernesto Lima worked with Ausenco to re-evaluate every parameter in our previous Pre-Feasibility studies and the result is very simply a better project, with low capital and operating costs, quick payback period and robust financial returns.”
Cadence Minerals is pleased to note the update today from European Metals Holdings Limited that it has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation, a mining and resource focused European investment banking boutique, as its Investor and Corporate Relations advisor in Europe.
Carlos Silva, CEO of Santacruz, stated, “With the acquisition of Carrizal Mining now complete our focus has shifted to streamlining operations for improved efficiency. Our primary focus is to get the Zimapan operations back to historic throughput levels — a task that has been made more challenging by taking the necessary COVID-19 precautions at the beginning of March.”
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