A perfect storm is driving copper prices to their highest level in a decade, and analysts said it’s only a matter of time before the industrial metal surpasses its all-time highs from February 2011.
“We received our due diligence assays from Diamante and, given the highly favorable results for Au-Ag, Cu-Pb-Zn and pathfinder elements, have established the ultimate terms for the acquisition and will ratify a definitive agreement (DA) this week.”
Jorge A. Ganoza, President and Chief Executive Officer of Fortuna, commented: “With Roxgold we are acquiring a complete business platform which brings: i) low-cost gold production; ii) a permitted Feasibility stage development project; iii) a robust exploration pipeline; and iv) key members of a seasoned executive team of proven mine builders, developers, and explorers in West Africa.”
Carlos Silva, CEO of Santacruz stated, “Closing the transaction and acquiring outright ownership of the Zimapan Mine marks a new era for Santacruz that will help pave the road for the continuation of the Company’s growth. Beyond the mineralized zones currently being mined, management believes there is great untapped potential contained in the Zimapan mine’s 5,000 hectares of mining claims.”
John Darch, Chairman of Sonoro, added, “These drilling results continue to affirm the potential of Cerro Caliche to host a major deposit amenable to support the proposed 15,000 to 20,000 tonnes per day Heap Leach Mining Operation (HLMO).”
Only stockholders of record and beneficial owners of shares of Gatos Silver common stock as of the close of business on April 1, 2021, the record date, may attend and participate in the Annual Meeting, including voting and asking questions during the virtual meeting.
Pete Dougherty, President & CEO commented: “It has always been our intention to drill test below the El Crestón pit to determine whether the La Colorada mine has the potential to transition from an open-pit mine to an underground mine in the future. These high-grade gold and silver results vastly exceeded our expectations and obviously warrant follow-up drilling.”
“The closing of the VPP Royalty is a major positive step for Telson and the Campo Morado Mine and will increase revenue at Campo Morado on an ongoing basis.”
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