A report from Singapore Bullion Market Association, spoke about the Metals Report issued in London which said: “Turning to 2021, Metals Focus remains bullish towards gold.
As such, even though Metals Focus’ house view is that high inflation seems unlikely, we believe that the fear of it will continue to benefit gold over the next 12 months or so.
Darren Hall, President & Chief Executive Officer of Calibre, stated: “Another solid quarter of production demonstrating the reliability of our assets underpinned by the revitalization of the Libertad Complex.
During 2020 we took steps to more than double our portfolio of 100% owned mineral properties and concession applications, bringing our total land position to over 2,000 km2, exclusive of our Rio Tinto joint venture properties.
The Company will issue additional common shares through treasury at a 3% discount to the Average Market Price, as defined in the DRIP.
Given the ongoing impact of the COVID-19 pandemic and the current and anticipated public health guidelines and restrictions respecting large group gatherings, it is unclear as to whether it will be safe or permissible for the Meeting to be held in person this year.
Detailed information on how shareholders can participate in the Meeting and vote is available in the Circular.
The investment, which was announced as part of the acquisition of Teranga Gold Corporation on November 16, 2020, is being made by La Mancha under its pre-existing anti-dilution right.
The investment is considered to be a “related party transaction” for purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions of MI 61-101, respectively, as the fair market value of the investment is not more than 25% of Endeavour’s market capitalization.
Concurrent with the Acquisition, Eric Sprott, President of Sprott Mining, will complete a $30 million private placement investment in First Majestic.
First Majestic has identified several opportunities to enhance both the cost and production profile of Jerritt Canyon as well as near-term brownfield potential between the SSX and Smith mines and long-term property wide exploration potential.
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You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.