Exploring Mining Podcast – News from
(TSX: $MQR.TO) (NYSE: $AUY) (NYSE: $AGI) (NYSE: $AG) (TSX: $FF.TO) (TSXV: $JG.V)
(TSXV: $IO.V)
Point Roberts WA, Delta
BC, June 11, 2019 Investorideas.com,
a global investor news source covering mining and metals stocks releases
today’s edition of Exploring
Mining Podcast, featuring stock news from TSX, TSXV ,CSE,
ASX, NASDAQ, NYSE companies plus
interviews with CEO's and leading experts.
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this in full at https://www.investorideas.com/news/2020/exploring-mining/06111MQR-AUY-AGI-AG-FF-JG-IO.asp
Monarch Gold Corporation (TSX:MQR) has announced the closing of a $5,419,800 private
placement with Yamana Gold Inc. (NYSE:AUY), Alamos Gold Inc. (NYSE:AGI), and other investors. Jean-Marc
Lacoste, President and CEO of Monarch, commented:
"This
strategic investment by a mining company of Yamana's calibre is tangible proof
that we are on the right track. I would like to thank them for their confidence
and their future contribution to our Board of Directors. The steps we have
taken to advance our flagship Wasamac project continue to attract a great deal
of interest from the mining and financial community and it is only a matter of
time before we are fully appreciated. With this financing, our overall
financial position now stands at more than $25 million , which will allow us to
move more quickly to develop Wasamac, Beaufor and McKenzie Break, gold projects
at various stages of development that each have excellent upside
potential."
First Majestic Silver Corp. (NYSE:AG) has agreed to acquire a stream on 50 percent of
payable silver produced from the Springpole Gold Project in Ontario, Canada
from Gold Canyon Resources Inc., a wholly-owned subsidiary of First Mining Gold
Corp. (TSX:FF) For this, First Majestic will pay $22.5
million in cash and shares, over three payments, and ongoing cash payments of
33 percent of the silver spot price per ounce, to a maximum of $7.50 per ounce,
for all payable silver delivered by Springpole. Keith Neumeyer, President and
CEO of First Majestic, explained:
"This
new silver stream gives First Majestic significant upside potential to higher
silver prices while minimizing risks and costs. With approximately 22 million
ounces of silver expected to be produced over the life of the project, and
additional exploration upside, Springpole has both the scale and location to
make this an ideal investment for our long-term portfolio. In addition, this
silver stream marks our first investment outside of Mexico in the Company’s
18-year history.”
Japan Gold Corp. (TSXV:JG) has announced encouraging results from its
geochemical and geophysical surveys at the Ohra-Takamine Gold Project in
southern Kyushu, including the defining of five new anomalous exploration
targets. Company Chairman and CEO John Proust said:
"The
definition of these new exploration targets, revealing both strike extensions
to the known mines, and new parallel zones, is highly encouraging and validates
our exploration methodology. These results further support our CSAMT defined
geophysical targets. We will now rank all targets and advance the first phase
of our scout drilling program.”
Inca One Gold Corp. (TSXV:IO) has provided an update on the accelerated restart
of small scale mining in Peru, helping to kickstart the Peruvian mining sector.
Edward Kelly, President and CEO of Inca One, said:
"We
are hopeful for a swift return to normalized and socially responsible
operations. Although the reopening will still face challenges in this new
COVID-19 environment, we have deployed our ore buying teams across the country
to purchase stockpiled gold bearing material for shipment to our plants as the
country opens up industrial activity region by region."
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