Brad Marwood, Managing Director of CZL advised “The issues with the mill are disappointing particularly after an independent prepurchase inspection was commissioned. But the performance of the site team who have addressed each issue and have a plan to improve plant availability and plant utilisation, is pleasing and positive. Once completed the modifications and refinements are expected to deliver superior performance.”
Darren Pylot, Capstone’s President and CEO commented, “Our 2020 Sustainability Report reaffirms our unwavering commitment to sustainability and is a reflection of the key role that sustainability improvements play in our business and our long term goal of creating value for all stakeholders.”
“We are actively exploring the El Mezquite with our maiden drill program, and another team is continuing the Phase 2 geological mapping on Jackie, and look forward to compiling the hyperspectral data from rock samples and drill chips with the broad strokes of the ASTER/LANDSAT alteration fields for enhanced target definition.”
“We’re pleased to release our first Sustainability Update which outlines our vision, values, and achievements related to ESG practices. Silver is a metal that is a key component of the emerging green economy. As we remove old mine tailings from within the city of Parral, we produce silver at a low carbon footprint of 0.004 tCO2e per ounce of silver produced,” said Brad Langille, President and CEO.
The net proceeds from the financing will be used for development activities at the Camino Rojo Oxide Gold Project and at the Cerro Quema Oxide Gold Project, exploration activities, technical studies on the Camino Rojo Sulphide Project, and for general corporate purposes.
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