Month: July 2020

Agnico Eagle Reports Second Quarter 2020 Results – Successful Ramp Up Of Operations Post Temporary Covid-19 Shutdowns; 2020 Production Guidance Increased, Capex And Cost Guidance Maintained – Operations On Track For Strong Second Half; Credit Facility Now Fully Repaid

“The second quarter was challenging given the global COVID-19 pandemic and its impact on our operations. While our business returned to normal production levels ahead of schedule in June, we did have seven of our eight mines on care and maintenance at one point during the quarter. We finished the quarter strong as our employees responded quickly and effectively with a plan to manage the mine shut downs and subsequent restart and ramp-up of operations while protecting the health, safety and well being of our employees and the communities in which we operate”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.

Alamos Reports Second Quarter 2020 Results

“The second quarter of 2020 will be remembered as one of the most challenging times in our history given the COVID-19 pandemic. We started the quarter with two of our operations being temporarily suspended, but we adapted well and by June both Island Gold and Mulatos had safely returned to normal operating levels,” said John A. McCluskey, President and Chief Executive Officer.

GoGold Announces Initial Mineral Resource Estimate at Los Ricos South

“This initial Mineral Resource Estimate demonstrates Los Ricos South is a premium asset, in grade and quantity of ounces. Our Mineral Reserve at Parral is generating cash flows that are being reinvested into the Los Ricos district. Over the past 16 months, we have aggressively explored and developed the Los Ricos South Mineral Resource, which we will base our PEA study upon. Concurrently, we are accelerating our exploration effort on the Los Ricos North project where we are drilling the first of multiple targets which we believe will highlight the potential of the entire Los Ricos district,” said Brad Langille, President and CEO.

Vizsla Adds Fourth Drill Rig at Panuco Silver Project, Mexico

CEO Michael Konnert stated “Vizsla is moving quickly to add exploration capacity at Panuco. The discovery on the Napoleon vein made it imperative that we mobilise another rig to the discovery site. The fourth drill provides the capability needed to test new targets on the Napoleon, Cordon del Oro and Animas vein corridors.”

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