Day: December 17, 2020

“Parral had a record production year and a record quarter which generated $6.5 million US of cash flow, paying for all of our exploration and general and administrative costs. We have one of the largest drilling programs in Mexico and we are currently self funding from operations at Parral.”

Aztec has completed its earn-in and exercised the option to acquire a 65% interest in Cervantes. Kootenay retains the remaining 35% interest. The parties will hold their interests in Cervantes indirectly through share ownership in a joint venture company, Aztec Minerals (Mexico) JV. Corp.

Morgan Good, Chief Executive Officer of Carlyle, commented, “Carlyle and its team are excited to have closed on this amalgamation with Isaac Mining and the acquisition of a 100% undivided interest in The Newton Gold Project, which is on trend with Artemis Gold’s permitted open-pit Blackwater gold deposit in B.C., and we feel past exploration at Newton has merely scratched the surface of its true potential. Also, Isaac was successful in closing more than $2M in funding sufficiently capitalizing the treasury while eliminating financing risk and positioning the Company for success as it heads into the new year.”

Great Panther Mining Limited has re-started operations at Topia following a voluntary suspension last month to prioritize the health of its workforce and local community and limit the spread of COVID-19.

Chris Wright, Executive Chairman & CEO, commented: ““We are pleased to conclude this transaction with Minera Tepal and want to thank them for their continued support in developing the Tepal Au-Cu deposit. Acquiring an option to repurchase the NSR royalty enhances the project economics at Tepal and will enable Defiance to preserve flexibility for financing future development of the project.”

Stephen Orr, the Company’s Chief Executive Officer, said “The Company is delighted that Gatos Silver will be added to the Russell 2000 Index in combination with the Company’s recently announced inclusion in the GDXJ ETF. The Russell 2000 is a diversified index measuring the performance of approximately 2,000 small capitalization American companies and will provide Gatos Silver with broad market exposure.”