PALM BEACH, Fla., April 27, 2021 /PRNewswire/ — Experts who follow the metals markets saw last year that when the pandemic first reared its head News of mine closures and restrictive measures throughout the mining supply chain, not to mention a disastrous fall in travel, had adversely affected mining operations.
The FXEmpire article continued: “Gold and silver prices heading higher are not to be unexpected given the deflation in the world economy due to COVID concerns, and the shutdowns in various local economies.
is a highly experienced geostatistician with over 35 years of experience in mineral resource modelling and estimation including holding senior roles with Barrick Gold Corp.
Jonathan George, CEO, commented: “We are delighted to be forging ahead with our projects in Mexico and to retain the services of Mr. Jutras and Ginto Consulting to work on a resource estimate for our GyC project.
. Under the terms of the Transaction, Roxgold shareholders will receive 0.283 common shares of Fortuna and C$0.001 for each Roxgold common share held.
The exchange ratio implies a consideration of approximately C$2.73 per Roxgold common share based on the closing price of the Fortuna common shares on the Toronto Stock Exchange on April 23, 2021, representing a 42.1% premium to the closing price of Roxgold on the TSX on the same date.
Also during Q1 2021, the Macassa #4 Shaft project remained ahead of schedule with shaft sinking reaching the 5,000-foot level as at March 31, 2021 and the project remaining on track for completion in late 2022.
In a press release dated December 10, 2020, the Company indicated that production in 2021 would be weighted to the second half of the year largely reflecting mine sequencing, with lower grades expected at all three cornerstone assets early in the year, particularly in the first quarter.
recently announced that the Company sold approximately 17,400 attributable gold equivalent ounces and realized preliminary revenue of $31.0 million during the three months ended March 31, 2021, both representing a record for the Company.
The Company’s normal course issuer bid has accepted the Company’s notice that it intends to proceed with a NCIB in accordance with TSX rules.
“The Company has a comprehensive COVID-19 response plan in place and the health and safety of our workforce, and our communities remain our number one concern.
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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.