James Anderson, VanGold Chairman and CEO said: “Rob has worked for some of the biggest and best companies and mine operations on the planet. He has chosen to relocate from his home in Chile to join our team in Guanajuato – and it cannot be overstated how excited we are about that prospect.”
Newmont Corporation today announced that its Board of Directors declared a quarterly dividend of $0.55 per share of common stock, payable on June 17, 2021 to holders of record at the close of business on June 3, 2021.
The transaction was the largest sustainability-linked financing on record in the US Private Placement market to date and incorporated KPIs designed to incentivise the Company to meet ambitious targets related to the reduction of greenhouse gas emissions, the further alignment of Trafigura’s responsible sourcing programme with international standards for sustainable procurement, and the development of a renewable power portfolio.
First quarter silver production was marginally below the previous quarter, with the encouraging contribution of development ore from our new Juanicipio project offsetting lower grades at Saucito. I am also pleased to report continued progress at the Fresnillo mine with development rates showing an improvement. Quarterly gold production was ahead of the last quarter driven by the higher than expected grade at Herradura. Construction of Juanicipio is making good progress and we are on track to commission the plant by the fourth quarter.
Matthew O’Kane, Managing Director of Comet Resources, commented “We had a busy Quarter, with exploration programs being advanced at the Barraba and Santa Teresa Projects, as well as acquiring some very prospective new copper-gold projects in the Northern Territory and completing a financing with strategic investors.
The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.
“Q1 2021 operating cash flow of $95 million was the strongest in our fifteen-year history as a producer. Excellent operating performance and cost containment in a higher copper price environment surpassed our expectations,” said Darren Pylot, President and CEO of Capstone.
The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.
The Offering was led by Beacon Securities Limited as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Echelon Wealth Partners Inc.
Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold-enriched mineralization identified earlier in the 2020-21 drilling. Mineralization can now be traced laterally for over 150 metres strike and up to 450 metres depth and drilling between the two main high-grade lenses has returned positive assays resulting in increased continuity between the two lenses.
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