Month: August 2020

Bahman Yamini, President and CEO, commented; “We are very pleased to close this Placement in a short time after it was announced, and thank all the participating subscribers and welcome our new shareholders. We are now fully funded for the planned 2,500-metre drill programs at each of our Nora and La Esperanza silver-gold projects in Durango and Zacatecas States, Mexico, for a total of up to 5,000 metres during the second half of 2020. Drilling is currently in progress at Nora, and will be followed by La Esperanza in September/October 2020.”

“Gold production continued without interruption at South Arturo providing for yet another strong operating quarter”, stated Ewan Downie, President & CEO. “At Mercedes, we have implemented a reduction of plant through-put designed to reduce costs, improve grade and maximise the profitability of the operation”.

Gold surged past the $2,000 mark on Tuesday after Democrats and the White House appeared closer to agreement on new stimulus to help the coronavirus-hit economy while stocks on Wall Street traded mixed as investors awaited more aid from Washington.

Canuc Resources Corporation announces the closing of a non-brokered Private Placement for gross proceeds of $650,000.

Gold Resource Corporation reported consolidated production results for the second quarter ended June 30, 2020 of 7,649 ounces of gold and 191,232 ounces of silver.

In light of ongoing and evolving concerns and issues related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other parties, the Corporation is strongly encouraging shareholders and others NOT to attend the Meeting in person to be held on Thursday, August 13, 2020 at 10:00 a.m. (Pacific Time).

Aztec Minerals Corp. is pleased to announce the appointment of Simon Dyakowski as the President and Chief Executive Officer of Aztec. Simon brings to Aztec over twelve years of corporate development and capital markets experience, with an expertise in strategic planning and execution, financing and marketing of exploration companies.

“We had incredible support for this financing from existing, long-term shareholders and we look forward to delivering returns in this developing precious metals bull market,” stated Brendan Cahill, President and CEO.

The proceeds of the financing will be used to undertake Metates metallurgical test work and ongoing regional exploration and for general working capital. There are no finder’s fees or other commissions associated with the Private Placement.

Redstar intends to use the proceeds of the Offering to fund exploration programs and for general corporate purposes.