First Majestic Silver Corp. won a reprieve on criminal tax fraud charges in initial Mexican court hearings for a case that will test the strength of the country’s crackdown on tax evasion, according to people familiar with the matter.
Darren Pylot, Capstone’s President and CEO said, “After 14 years in operation, the best years of Cozamin are ahead. The mine is world-class with sustainable low costs and leading safety and environmental performance entrenched throughout the organization. The growth initiatives are supported by an entrepreneurial fabric at Capstone, as we embrace innovation and technology to create high impact value for our shareholders.”
Gold Resource Corporation declares its monthly dividend of one-third of a cent per common share for January 2021 payable on February 23, 2021 to shareholders of record as of February 11, 2021.
“We’ve now successfully milled close to 73,000 tonnes of development material at the Fresnillo plant since early August of 2020 generating cash-flow to help offset capex and gaining valuable metallurgical understanding at the same time” said George Paspalas, MAG Silver’s President and CEO. “This processing will continue through the end of 2021 and will further de-risk the project as it heads into commercial production.”
“We are pleased to have been able to acquire important mineral claims at San Javier in advance of drilling on the IOCG targets that have recently been identified on our Company ground. The Canuc team believes that we have significant discovery potential, and that our ground position is centrally located in what is rapidly becoming a dynamic mining and exploration camp.” Stated Christopher Berlet, President & CEO of Canuc Resources Corp.
“PHC represents a valuable addition to the Company’s resource portfolio as it looks to secure a position in the now booming helium market,” said Jim Culver, CEO of VVC. “The Syracuse Helium Project presents a tremendous opportunity for the Company. We are very excited about this acquisition and its prospects for VVC shareholders”.
Octavio Alvídrez, Chief Executive Officer, said: It gives me real pride that despite the challenges, we have delivered a robust operational performance in the final quarter with both gold and silver production in line with expectations. We have also successfully progressed our development pipeline during the year.
“The preliminary 3D IP inversion modelling has revealed an extensive area of strong chargeability response that encloses the known North Zone deposit and extends beyond the historical drilling to the north, the west and to depth,” said Craig Dalziel, Oroco’s CEO.
The $2.3 billion claim against Mexico under NAFTA relates to the unlawful denial of the environmental permit for subsidiary Exploraciones Oceanicas’ (ExO’s) offshore phosphate project. The First Memorial filing is supported by documentary evidence and 20 expert reports and witness statements.
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “These excellent drill results from Yoquivo highlight its potential to host economic gold-silver mineralization. This recent drilling has identified multiple veins with potentially economic gold-silver grades, including a newly discovered vein without previous historic mining within our district scale property holdings. We plan to follow with a second phase drill program which could start in the next few months.”
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