Exploring Mining Podcast Episode 131: News from (NYSEAmerican: SILV) (TSX: SIL) (NYSE: AEM) (TSX: TMAC) (TSXV: MGM) (TSX: LN)
Point Roberts, WA and Delta, BC - January 5, 2021 (Investorideas.com Newswire) 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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Exploring Mining Podcast Episode 131 - News from (NYSEAmerican: SILV) (TSX: SIL) (NYSE: AEM) (TSX: TMAC) (TSXV: MGM) (TSX: LN)
SilverCrest Metals Inc. (NYSE American:SILV) (TSX:SIL) has announced that its Canadian subsidiary has entered into a credit agreement with an affiliate of RK Mine Finance to provide a secured project financing facility for a total of US$120 million for the purpose of funding the construction of Las Chispas. Additionally, one of the company's Mexican subsidiaries has entered into a fixed price Engineering, Procurement and Construction (EPC) contract with Ausenco Engineering Canada Inc., and one of its affiliates, for construction of the Las Chispas process plant. SilverCrest CEO N. Eric Fier, said:
"We are very pleased to have concurrently signed the Credit Agreement and the EPC Contract with two well-established and respected partners in the mining industry. The commitment by both partners ahead of the targeted January 2021 release of the Las Chispas Feasibility Study speaks to the strength of our team and project. While we recognize the challenges of building during this unprecedented time, we believe the strict and effective COVID-19 protocols that we have implemented on site, which are highlighted in these two important agreements, limit our risk. This news marks another important milestone on our path to production at Las Chispas."
Agnico Eagle Mines Limited (NYSE:AEM) has entered into an agreement to acquire all of the outstanding common shares of TMAC Resources Inc. (TSX:TMAC). Sean Boyd, Agnico Eagle's Vice-Chairman and CEO, said:
"We are very pleased to have the opportunity to bring our extensive northern operational and community experience to the Hope Bay Mine and the Kitikmeot Region of Nunavut. Together with the TMAC team and our Nunavut partners, we look forward to advancing exploration and expansion initiatives to realize the full potential of the Mine and its large unexplored land package."
Maple Gold Mines Ltd. (TSXV:MGM) has provided an update on exploration activities at its Douay Project in Quebec, Canada. This includes an expansion of the company's Fall 2020 drill program, comprising 10 holes totalling over 4,000 metres, as well as the commencement of "one of the largest Induced Polarization (IP) surveys to be carried out on the project."; Fred Speidel, VP Exploration for Maple Gold, explained:
"While assay results are taking longer than anticipated to be returned, we made the decision to mobilize a second drill rig to further test this regional anomaly along its full 2-km-long strike length with two additional holes."
Loncor Resources Inc. (TSX:LN) has reported that "the third core hole of a 7,000 metre drilling program at its Adumbi deposit has intersected significant gold intersections of 28.00 metres grading 3.26 g/t gold and 20.30 metres grading 2.83 g/t Au at its 84.68% owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo."; Loncor President Peter Cowley commented:
"We are very encouraged by the results of the first three core holes of our 7,000 metre drilling program at Adumbi. All these boreholes have intersected significant widths and grades and should increase the current inferred mineral resource of 2.19 million ounces (28.97 million tonnes grading 2.35 g/t gold) at Adumbi, both within the current open pit and at depth below the pit.";
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