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Alamos Gold Announces Sale Of Non-Core Royalties

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Alamos Gold Inc. (TSX, NYSE: AGI) says the company has agreed to sell a portfolio of non-core royalties to Metalla Royalty & Streaming Ltd. (TSXV: MTA) for $8 million in Metalla common shares. Alamos has the right to receive an additional $0.6 million upon Metalla’s exercise of the La Fortuna option. The portfolio of 18 royalties being sold consists of assets not owned by Alamos, including some smelter royalties, the company says. Alamos will receive 8.2 million Metalla shares and will own 6.26% of Metalla’s shares. “The sale of the royalties is consistent with the company’s strategy of surfacing value from within its non-core assets,” Alamos says.

By Allen Sykora of Kitco News; asykora@kitco.com

 

Eldorado Reports Commercial Production At Lamaque Mine

Monday April 1, 2019 08:30

Eldorado Gold Corp. (TSX: ELD; NYSE: EGO) says it achieved commercial production at the Lamaque Mine in Quebec as of Sunday. With an initial life of around seven years, the mine is forecast to produce 100,000 to 110,000 ounces of gold in 2019. Production is expected to increase to 125,000 to 135,000 ounces in 2020 and 2021. “We are proud to announce the achievement of this important milestone just over 18 months after acquiring this asset,” says Eldorado’s chief operating officer, Paul Skayman. “It is a testament to all of the hard work that has gone into the exploration, pre-feasibility study, engineering and construction that we have safely delivered commercial production ahead of schedule.”

By Allen Sykora of Kitco News; asykora@kitco.com

 

Endeavour: Commercial Output Reached At El Compas Mine

Monday April 1, 2019 08:30

Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces that commercial production was achieved in mid-March at the El Compas Mine, the company’s fourth mine in Mexico. This is the first of three development projects to expand production, reduce costs and drive organic growth, Endeavour says.  “We are pleased to announce that the El Compas Mine and plant have operated smoothly at above 80% of design capacity since mid-February. The start-up issues we experienced have all been resolved, we now have a spare mill trunnion on site, and our focus has moved to optimizing the production tonnes, grades and recoveries,” says Bradford Cooke, chief executive officer and director.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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