Mexico and Central America
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Global Exploration Snapshot: West Africa and South America remain popular
Rising gold prices and better operational and financial discipline are motivating companies more than ever to seek new ounces to fill their production pipelines. Below is a look at eight companies exploring worldwide. Aurania Resources Aurania Resources (TSXV: ARU) is exploring…
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SILVER-GOLD: Excellon to acquire Otis in all-share deal
TORONTO – Producer Excellon Resources has announced plans to acquire developer Otis Gold in an all-share deal worth an estimated $32.3 million, based on recent closing stock prices. Excellon’s main producing asset is the high-grade underground silver-lead-zinc Platosa mine in…
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GOLD: Calibre posts first results as a producer
VANCOUVER – After completing the acquisition of the El Limon and La Libertad mines in Nicaragua from B2Gold last year, Calibre Mining has reported its first quarterly results as a gold producer. The company reported fourth-quarter production of 33,506 oz.…
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GOLD-SILVER: Americas pours first gold at Relief Canyon
NEVADA – Americas Gold and Silver has announced that it has poured the first gold at its Relief Canyon mine and provided a two-year outlook for production growth. “Relief Canyon has successfully poured its first gold and the company is…
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SILVER: Excellon expands high grade zones at Platosa and Evolucion
MEXICO – Excellon Resources has released exploration results from its Evolucion and Platosa properties with high-grade intercepts expanding mineralized zones at both assets. At Platosa, host to an operating underground mine, drilling from surface intersected 6.6 metres of 1,757 g/t…
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GOLD: Premier increases financing to $38M
TORONTO – Premier Gold Mines has announced an overnight marketed offering of $38 million, increased from approximately $33 million previously. The offering, co-led by CIBC Capital Markets and Sprott Capital Partners, will involve the issue of 25.3 million shares at…
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Bluestone secures US$30M credit facility, appoints new CEO
Bluestone Resources has entered into a US$30 million credit facility led by the French financial services firm Natixis. “We were very pleased to receive support from Natixis and the Lundin family,” says Darren Klinck, Bluestone’s president. “The credit facility is…
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GOLD-SILVER: GoGold upsizes bought deal to $25M
MEXICO – GoGold Resources has announced an upsized bought deal of $25 million, up from $15 million previously, co-led by Sprott Capital Partners and PI Financial. The offering is for 35.7 million units, each composed of one common share and…
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GOLD: Minaurum adds property to its Mexican portfolio
MEXICO – Minaurum Gold announced that it has expanded its presence in the Alamos mining district in Sonora by acquiring control of the Aurífero gold project. In a press release, Minaurum said that the 12.3-sq.-km project lies 35 km northwest…
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SILVER: Royalty dispute dogs Fortuna Silver
MEXICO – Fortuna Silver Mines is contesting demands for a royalty of 3% of the billing value of minerals obtained from the concession hosting its San Jose mine in Oaxaca, Mexico. The company recently received a notice from Mexico’s Direccion…
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SILVER: Santacruz Silver achieves record production
MEXICO – Santacruz Silver reported that its production grew by 346% in 2019 when compared to the previous year, reaching 2.8 million equivalent oz. of silver. Silver production from its Mexican properties, on the other hand, reached 787,476 oz., representing…
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GOLD: Unigold traces oxides over 800 metres at Neita
DOMINICAN REPUBLIC – Unigold has released the results of 28 holes testing oxide resource potential at its 226-sq.-km Neita concession. The drilling has confirmed oxide mineralization over a strike length of 800 metres and a width of 150 metres, extending…
