The mine’s concentrator operated at one-third of its capacity for most of April, which is consistent with staff reductions at the mine, located in the Arequipa region. Cerro Verde continues to operate only the essential elements of the mine, in compliance with the strict social distancing measures imposed by the Peruvian government. … [Read more...] about Freeport-McMoran reports the status of Cerro Verde
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Fortuna announces update regarding the Caylloma mine
The Peruvian government has extended social isolation until May 10. Accordingly, Caylloma continues to operate at minimum capacity and strictly monitors the health of its staff, according to the Canadian company. Tests on Caylloma staff identified six people infected with the virus, who were still in an asymptomatic condition when the mine published its statement. … [Read more...] about Fortuna announces update regarding the Caylloma mine
Argonaut Gold and Alio Gold prepare merger
Two virtual meetings with the shareholders of both companies are scheduled for May 20, to discuss a friendly merger that was already announced at the end of March. Argonaut owns the La Colorada mine in Sonora and the El Castillo and San Agustin mines in Durango, as well as exploration projects in Guanajuato and Ontario, Canada. Alio Gold owns the Florida Canyon mine in Nevada … [Read more...] about Argonaut Gold and Alio Gold prepare merger
GR Silver announces high grade results from Plomosas
The company has identified new high concentration targets at its project in Sinaloa, Mexico, one of six priority exploration regions. The most significant drill hole found 1.7m @ 26.9g/t Au and 44g/t Ag, plus 3m @ 11.9g/t Au and 22g/t Ag. The results suggest future resources may be found in the Plomosas mine area, with gold and silver deposits in systems that are parallel and … [Read more...] about GR Silver announces high grade results from Plomosas
Excellon Resources completes the acquisition of Otis Gold
The acquisition became effective on April 23, and the company is still planning to offer its shares on the NYSE in the second quarter of this year. This acquisition gives Excellon control of the Platosa and Evolucion mines in Mexico, as well as Silver City in Germany, and Kilgore and Oakley in Idaho, USA. As explained by Mr. Brendan Cahill, Chairman and CEO of Excellon, “The … [Read more...] about Excellon Resources completes the acquisition of Otis Gold