Endeavour Silver to reopen Mexican mines
President Andres Manuel Lopez Obrador said he would allow the restart of certain mining activities before June.
President Andres Manuel Lopez Obrador said he would allow the restart of certain mining activities before June.
Company reported an adjusted loss for Q1 at $18 million, or 3 cents per share, impacted by closure of the Rainy River mine.
The nickel operations, the world's largest, have been on the block since December.
PNG's government has refused to extend the company’s lease, citing environmental and social concerns.
Other members of the management team have also committed to give a portion of their salaries for the next three months,
The fund is designed to meet the immediate needs of the communities in which the company operates.
It expects first-quarter gold production to fall by 8.5% due to global efforts to stop the spread of covid-19.
The company also reported consolidated production of 29,177 gold ounces and 553,179 silver ounces in Q1.
Most Quebec-based miners are getting ready to restart working on their assets, but only with strict measures in place to limit coronavirus contagion.
The earn-in agreement would give Barrick a 70% stake in the junior's Pueblo Grande project in the Dominican Republic.