On May 6, 2021, the Company announced an additional 50,000 metres of drilling to be completed at the Berry Deposit.
Finally, subsequent to the quarter end, we announced a re-commitment to exploration at the Project, with additional drilling metres committed at Berry, and an optimized construction strategy based on prioritizing the construction of the Project’s infrastructure elements prior to commencing site works, and establishing the ‘best’ conditions for a successful build.
Share-based compensation expense increased from $0.01 million to $0.07 million in the quarter, resulting primarily from a $0.26 million increase related to stock options granted during the first quarter of 2021 and further vesting of prior period stock option grants, offset partially by a decrease in the deferred share unit liability resulting from a decrease in the Company’s share price between year-end 2020 and March 31, 2021.
Capital expenditures excluding working capital movements, were $1.60 million higher than the prior year primarily as a result of increased exploration drilling completed compared to the prior year and the completion of the remaining activities related to the finalization of the FS during the quarter.
Disclosure of a scientific or technical nature in this news release has been approved by Mr. Tim Williams, FAusIMM, Chief Operating Officer of Marathon, Mr. Paolo Toscano, P.Eng.
In respect of the forward-looking statements concerning the interpretation of exploration results and the impact on the Project’s mineral resource estimate, the Company has provided such statements in reliance on certain assumptions it believes are reasonable at this time, including assumptions as to the continuity of mineralization between drill holes.
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved.
You can find further information with respect to these and other risks in Marathon’s Amended and Restated Annual Information Form for the year ended December 31, 2020 and other filings made with Canadian securities regulatory authorities available at www.sedar.com.
The unaudited condensed consolidated interim financial statements and management’s discussion and analysis for the three months ended March 31, 2021 are available under the Company’s SEDAR profile on www.sedar.com or on SilverCrest’s website www.silvercrestmetals.com.
Traders snapped up bearish contracts even as dozens of short-term options expired, with the price of one put surging as much as 7,757%.KGI Securities’ trader Kevin Lee, who has been a local stocks trader for a decade, said clients started to panic as the morning wore on.“There were non-stop orders coming in,” Lee said.
budget deficit approached $2 trillion with five months left in the fiscal year, amid another wave of pandemic-relief paymentsThe PBOC has been tapping on the liquidity brakes, with credit data suggesting its tapering is working; however, the latest abrupt pullback leads David Qu to think it will slow withdrawal of liquidityThe EU’s framework for controlling debt must be changed to help overcome Covid’s economic damage, Italy’s Mario Draghi saidGlobal remittances showed surprising strength in 2020 as heavy government stimulus spending put cash in immigrants’ pockets The Bank of England is pushing for a shakeup of the $6.9 trillion money market fund industryIndia’s Covid catastrophe shows the danger of complacencyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Huawei Chief Financial Officer Meng Wanzhou and her legal team are set to return to court for three more weeks of extradition hearings starting Aug.
Wood, whose flagship fund suffered its largest outflows on record last week, said in a webinar Tuesday that she sees spiking commodity prices as a sign that businesses are double or triple ordering supplies as they try to restart their global supply lines.
Valuations like those explain the market’s hair-trigger volatility lately, as every economic report is combed for its implications on Federal Reserve policy.It’s a reason Leuthold’s core portfolio this week trimmed its equity holdings by 3 percentage points to 55%.“With our cap-weighted S&P 500 valuation work looking nearly as extreme as it did at the tech bubble peak, we certainly could have elected to take even more chips off the table,” said Doug Ramsey, Leuthold’s chief investment officer, adding that the firm refrained from turning more bearish because more stocks were participating in the latest advance.The anxiety created by stretched valuations is on display all over.
— The surging cost of commodities to industries and households is a threat to China’s economic growth and the purchasing power of its citizenry.As prices soar for everything from the copper and steel used in construction, to the coal that heats homes and powers factories, to the corn that feeds animals, what can Beijing do to control the record-breaking rally?The answer is complicated by several factors, including policies on pollution and imports that have only served to exacerbate supply constraints.
The gyrations in financial markets underscored concerns among some investors that the Federal Reserve could be wrong in its prediction that inflation pressures in the United States are “transitory”, and that the central bank may have to raise rates sooner than it currently expects.
That’s all before the upcoming summer travel season is expected to unleash a wave of pent-up demand built up during the pandemic.See also: N.J., Pennsylvania Hit by Mad Dash for Gasoline Amid Crisis“Even if everything is fixed at this second, we’re probably still looking at a couple of weeks of trouble,” said Bill O’Grady, executive vice president at Confluence Investment Management in St.
The stock market dipping on the inflation data showed that investors fear that the Fed may need to tighten soon.”Policy makers at the central bank have been unified in supporting the case for low interest rates.“The outlook is bright, but risks remain, and we are far from our goals,” Governor Lael Brainard told a virtual event Tuesday.