Gold production in Mexico’s COVID-19-hit mines has resumed and financial prospects look good. Mining companies want to meet increased global demand while prices remain high.
David Wolfin, President and CEO commented, “Avino’s operating performance for the third quarter was directly impacted due to the strike action at the mine by the Company’s unionized workers, which halted production activities during Q3 2020.”
Sandeep Singh, President of Osisko commented on the activities of the third quarter of 2020: “We had a very strong third quarter with production rebounding well and other significant catalysts. The spin-out transaction announced on October 5th is an important strategic milestone for the Company. It greatly simplifies Osisko into a pure-play royalty and streaming company, while maintaining exposure to the company-making assets contributed to Osisko Development.”
The Company has a right to purchase 100% of the La Franca mine for US$500,000 payable quarterly over a 5-year period, and is subject to a 2% Net Smelter Return Royalty (NSRR) which can be re-purchased at any time from the owners for US$500,000 for each percentage point.
Jorge Ramiro Monroy, CEO of Reyna commented, “We are excited to begin trading on the OTCQB and DAX in an effort to increase our exposure to institutional and retail investors across the globe. This additional access is timely as we continue to expand our footprint in Mexico and the U.S.”
VVC Exploration Corporation announces that it has signed a Share Purchase Agreement with Plateau Helium Corporation (“PHC”) and the shareholders of PHC. PHC is a Wyoming Corporation focused on helium exploration and development, primarily in the western US.
Colibri Resource Corporation is pleased to announced that the Company has received the first set of assays from the trenching program the Evelyn Gold Project, located in the Caborca Gold Belt, northwestern Sonora.
“Drilling at El Dorado continues to expand tonnage, which is still open in several directions,” stated Philip O’Neill, Chief Executive Officer. “We believe that the drilling to date is likely to significantly increase tonnage in a future resource estimate while also providing the basis for a Preliminary Economic Assessment.”
“Equinox Gold again delivered record results with more than 128,000 ounces of gold sold, $98 million in earnings from mine operations and adjusted net income of $39 million,” said Christian Milau, Chief Executive Officer.
Vizsla President and CEO, Michael Konnert, commented: “Drilling at Papayo continues to deliver high grade results that expand the strike length to 300m and mineralization remains open in all directions.”
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