Mexican mining and transport company Grupo Mexico on Monday reported a net profit of $782 million for the third quarter, up 132.7% from the year-earlier period.
“First Mexican provided information that was materially misleading.”
Prime Mining’s Chief Executive Officer Daniel Kunz commented, “These trench and adit sampling results provide yet more insight for drill hole targeting as we prepare for the upcoming 10,000 m core drilling program. Drilling in areas that exhibit resource expansion potential is a top priority of our initial program together with deeper drilling to look at the possibility of more mineralization below the current known resource.”
The net proceeds of the private placement will be used to begin trading of tantalum and niobium-bearing ores from the Democratic Republic of the Congo, Brazil and Colombia, as well as for general working capital purposes.
Mr. Carlos Silva, CEO, stated; “During Q2 2020 when operations were suspended due to the Mexican Ministry of Health’s federal decree, we took the opportunity to make certain structural and management adjustments. As demonstrated by our third quarter results, these adjustments positioned us for improved performance.”
Candelaria Mining Corp. is pleased to announce that Mr. Mike Struthers has agreed to be appointed as Chief Executive Officer as part of a transaction to acquire the interests of Empire Metals Ltd. in the Bolnisi gold and copper project in the Republic of Georgia. In conjunction with his upcoming appointment as CEO, Mr. Struthers will join the Company’s Board of Directors. Candelaria is also pleased to announce that Dr. Neil O’Brien will join the Candelaria board as a director.
Bacanora Lithium plc, a lithium exploration and development company, notes the announcement by Erris Resources confirming that, at its general meeting held earlier today, all resolutions were duly passed.
Proceeds from the warrant exercise will be added to Aztec’s general working capital.
“I want to remind Mexus shareholders that we are entering into a period where three different gold recovery systems will be operational. In the near term we have the screen wash high-grade chloride material being processed. The company will also have its new heap leach pad in place and will be running high grade quartz material through our ball mill system.” added Mexus CEO Paul Thompson.
At the Amalia Project, geological work, drill pad construction and road building in preparation for the upcoming program is in progress. The teams at Amalia are following strict COVID-19 safety protocols and if there are no COVID-19 outbreaks in the local area, Pan American Silver plans to start phase 4 drilling in November, 2020.
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