Gold79 Mines Ltd. is pleased to announce changes to its board of directors with the appointment of Mr. Paul Carrêlo as an independent director effective February 12, 2021. Mr. Derek Macpherson has stepped down as a director of the Company in order to focus on his new role as Senior Vice-President, Investment Banking at Red Cloud Securities Inc.
“Despite 2020 being very challenging, we ended the year with record quarterly gold production, our largest gold reserve base and our best ever safety performance as a result of the excellent work of our employees. With gold production expected to increase by approximately 300,000 ounces in 2021, combined with an anticipated decline in total cash costs per ounce of 6%, we expect to continue to generate strong net free cash flow in 2021 while we steadily advance our pipeline of growth projects,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
The principal objectives for use of the net proceeds of the Offering are 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.
A drilling permit has been secured and drill pad construction is in progress. A diamond drill is scheduled to be mobilized to site on the week beginning February 15th, 2021.
United States Antimony Corporation today announced that it has entered into a securities purchase agreement with certain institutional investors, providing for the purchase and sale of 10,990,000 shares of common stock at a price of $1.30 per share in a registered direct offering, resulting in total gross proceeds of approximately $14.3 million, before deducting the placement agents’ fees and other estimated offering expenses.
“With our $56 million US cash balance combined with our Parral operation’s cash flows, we are able to rapidly execute on unlocking shareholder value at Los Ricos by adding to mineral resources and accelerating Los Ricos South towards production.”
Premier Gold Mines Limited is pleased to announce that the two leading independent proxy advisory firms, Institutional Shareholder Services Inc. and Glass Lewis & Co. have each recommended that the holders of common shares and options of Premier approve the proposed acquisition by Equinox Gold Corp. of all of the issued and outstanding common shares of Premier by way of a statutory plan of arrangement.
Caborca, Sonora, 10 de febrero de 2021. Fresnillo plc realizó la caravana literaria “Imagina, crea y transforma”, en donde repartieron 10 mil libros a niños
Orogen Royalties Inc. is pleased to announce that Mr. J. Patrick Nicol, the Company’s current President and Chief Executive Officer, has been appointed to the Board of Directors.
The Company has engaged a local specialist ecological services company based in Sonora to begin initial site works. These activities will involve the rescue and removal of surface vegetation and topsoil in the area required for the construction of the lithium processing plant. These activities are being performed in compliance with its obligations pursuant to its environmental approvals.
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