- Write by:
-
Sunday, December 22, 2019 - 10:40:26 AM
-
474 Visit
-
Print
Mining News Pro - The properties — Golden Minerals Company (TSX: AUMN) announced Friday that it has sold two exploration properties for a total of C$3 million to a subsidiary of Industrias Peñoles, Mexico’s second-largest mining company.
According to Mining News Pro - Mogotes and Pistachon — are located near Golden Minerals’ Velardeña project in Durango, Mexico, and adjacent to mineral concessions controlled by subsidiaries of Industrias Peñoles. None of the claims contain any identified mineral resources.
Shares of Golden Minerals rose by more than 5% at Friday’s open. The Delaware-based miner has a market capitalization of C$45 million.
“We are very pleased to conclude the sale of these non-core concessions to Peñoles. The cash received will enable us to advance our key exploration projects in Mexico and Nevada,” President and CEO Warren Rehn stated in a media release.
The company is currently focused on advancing the Velardeña properties, as well as its El Quevar silver property in Salta province, Argentina.
Short Link:
https://www.miningnews.ir/En/News/461275
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, ...
Africa-focused Montage Gold announced Thursday it has received a ministerial order granting all environmental approvals ...
Newmont Corp. has no plans to expedite a decision on its $2.5 billion Yanacocha Sulfides project, dashing the Peruvian ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in ...
First Quantum Minerals is looking forward to talks with the new administration in Panama and to work together to find a ...
Harmony Gold said on Thursday an employee working on planned rail maintenance had died at its Mponeng mine in South ...
Emerging North American gold producer Contango ORE is boosting its landhold in Alaska with the acquisition of Canada’s ...
No comments have been posted yet ...