The company’s CEO said that buying gold properties is the best way to protect shareholder value.

GoldON Resources accelerated the acquisition of two claim blocks that adjoin Pure Gold’s Red Lake mine.

The company’s EL Limon Guajes mining complex in Mexico beat the revised production guidance of 390,000-420,000 gold oz. for 2020.

The emerging producer churned out a record 10,835 oz. in the fourth quarter, which is a quarterly record for the Sugar Zone mine.

Production in fiscal 2020 also met the original guidance.

The world's largest lithium producer plans to invest $30m to $50m at Silver Peak by 2025.

Company is held by government pension funds and Zimbabwe’s sovereign wealth fund.

The duties will range from 4.8% to 7.6% and are based on an ongoing investigation into dumping.