Mexican President Andres Manuel Lopez Obrador on Monday urged a Canadian mining company in the country to pay outstanding taxes, saying it was hiding behind the threat of international litigation to shirk its obligations.
Coeur Mining, Inc. today announced the upsize and pricing of its offering of U.S. $375,000,000 of 5.125% Senior Notes due 2029…
Pobladores de Samalayuca, representados por la asociación Mexicanos Contra la Corrupción y la Impunidad (MCCI), lograron la suspensión provisional de la operación de una mina canadiense en el área natural protegida en la zona.
Coeur Mining, Inc. today announced its intention to offer, subject to market and other conditions, $350,000,000 of Senior Notes due 2029.
Coeur Mining, Inc. today announced that it has commenced a cash tender offer to purchase any and all of its 5.875% Senior Notes due 2024. There are $230,000,000 aggregate principal amount of Notes outstanding.
The Company plans to use the net proceeds of the Offering to expand the Las Chispas resources and reserves through further drilling, to optimize the mine and processing plant design, to explore regional targets, and for general working capital purposes.
“The exercise and expiry of these warrants is a significant positive event as it bolsters our cash position and eliminates the selling pressure typically experienced with warrant expiration. In the last six weeks 18 million warrants were exercised. With a cash balance of nearly $100M Discovery is in a solid position to rapidly advance the Cordero project, one of the largest undeveloped silver assets in the world, at a time when silver demand is very strong and sizeable development assets are in short supply.”
GR Silver Mining President and CEO, Marcio Fonseca, commented, “We are excited to be undertaking the first major geophysical investigation of the San Marcial Project. The ground based survey of 3D IP and magnetometry will assist our technical team to better understand the underlying geology, map key structures – particularly those not apparent at surface – and to identify potentially mineralized zones both in the vicinity of the San Marcial Ag resource as well as on some of the key target areas identified by the Company over the past two years…”
Peter J Hawley, CEO, President states; “On behalf of Fabled, I would like to thank our loyal shareholders for their support and early exercise of warrants. Not only does this strengthen our treasury but will allow us to expand the current 8,000-meter drill program on the Santa maria Property, if warranted.”
The CLG process plant will resume operation early this week upon completion of the previously accelerated maintenance activities that commenced during the temporary power restriction in Northern Mexico. Given the expedited restoration of full grid power, the outage has had minimal impact on the Company’s mining and processing activities.
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