(1) Underground mine production of development material commenced in August of 2020, so there are no comparable Q1 2020 results.
2
) Provisional sales for 2020 were finalized in Q1 2021 resulting in negative adjustment to net sales revenue of $1,146.
Since August 2020, a total of 108,254 tonnes of mineralized development material have been processed at the Fresnillo plant in advance of commissioning the Juanicipio plant. MAG and Fresnillo expect to secure several positive outcomes from this processing for the Juanicipio Project:
generating cash-flow from production to offset some of the cash requirements of the initial project capital;
de-risking the flotation process through a better understanding of the metallurgical characteristics and response of the Juanicipio mineralization;
Golden Star Resources, Ltd (AMEX:GSS), Great Panther Silver Limited (AMEX:GPL) - Overview Of Value Stocks In The Basic Materials Sector
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Gold Prices Maintain Traction as Economies Begin Recovery
- FinancialBuzz.com News Commentary
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NEW YORK, May 14, 2021 /PRNewswire/ Gold prices breached the USD 1,800 mark earlier this month, for the first time since February. Despite the recovering economy and lower number of COVID-19 cases in the U.S., the government is still injecting liquidity into the financial system, as fiscal and monetary stimuli are being implemented. These measures, which are meant to help bring the economy back to pre-pandemic highs, have consequences, specifically the devaluation of the dollar and inflation. In a report by Kitco, Gary Wagner, editor of TheGoldForecast.com, explained that he believes that we will see a new all-time record high in gold. I m not optimistic as to believe it will happen, let s say, over the next four months. However, I think it s highly likely, based on certain parameters, that we do test $1,900 once again, and that could be over the
Northern Minerals expands exploration team as it looks to increase resource inventory
The company is looking to increase the resource inventory at the Brown Range Heavy Rare Earth Project in northern Western Australia. The company plans to start RC drilling in June 2021 to target extensions to mineralisation.
Northern Minerals Ltd (ASX:NTU) (OTCMKTS:NOURF) (FRA:NUN) has expanded its exploration team with the appointment of Simon Pooley as general manager of geology and the promotion of Kurt Warburton to exploration manager.
Pooley and Warburton are expected to significantly grow the exploration team as NTU looks to increase the resource inventory at the Brown Range Heavy Rare Earth Project in northern Western Australia.
Bacchus Capital Establishes North American Investment Banking Operations
Steven Latimer, former President of Jefferies Securities Inc. (Canada) and Head of Canadian Investment Banking, to join Bacchus Capital as Managing Director and Head of North America
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LONDON, May 10, 2021 /PRNewswire/ Bacchus Capital is pleased to announce that Steven Latimer has joined the firm as Managing Director and Head of Bacchus Capital s presence in the Americas. Steven will be based in Toronto and will focus on providing Bacchus Capital s new and existing clients with on-the-ground strategic, financial and tactical investment banking support, and advancing Bacchus Capital s Venture business in the region. He will work closely with Karr McCurdy, who is a member of the Bacchus Capital Senior Advisory Board, based in Denver, and with the Investment Banking team in the UK and globally.
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