PRELIMINARY Q4 2020 SALES
Osisko received approximately 18,800 attributable gold equivalent ounces1 (?GEOs?) in the fourth quarter of 2020, for a total of approximately 66,100 GEOs in 2020, exceeding the revised guidance of 63,500 ? 65,500 GEOs. These figures exclude 1,750 GEOs earned from the Renard diamond stream in the fourth quarter of 2020 from diamonds sold from inventories by the operator. The net proceeds from the Renard diamond stream were reinvested through the bridge loan with the operator of the mine.
Osisko recorded preliminary revenues2 of C$64.5 million during the fourth quarter. Preliminary cost of sales2, excluding depletion2, was C$18.2 million resulting in a cash operating margin3 of approximately C$46.3 million. These figures include preliminary revenues2 from the Renard diamond stream of C$4.3?million, costs of sales, excluding depletion2, of C$1.9 million resulting in an operating cash margin of C$2.4 million.
Minera Alamos Inc.: Minera Alamos Files Technical Report for Cerro de Oro Mineral Resource Estimate of 630,000 Ounces Contained Gold
Segerstrom Consulting LLC
Cerro de Oro Project Mineral Resource Estimate
The estimate for the Cerro de Oro Project, using a gold price of US$1,450/oz and a cut-off grade of 0.18 g/t, has an Inferred Mineral Resource of 48 million tonnes grading 0.41 g/t gold or 630,000 ounces of contained gold. Table 1 shows the Inferred Mineral Resource estimate for the Cerro de Oro Project. (Note to reader: unless stated all currency, references are in US dollars)
Table 1 - Cerro de Oro Project, Estimate of Mineral Resources
Minera Alamos Inc.: Minera Alamos Announces Results of Annual General Meeting
Minera Alamos Inc. (TSXV: MAI) (the
Company or
Minera Alamos ) is pleased to announce the results of voting at its Annual General Meeting of Shareholders ( AGM ) held Thursday, December 17, 2020 in Toronto, Canada.
Shareholders voted overwhelmingly in favour of all items put forward by the Board of Directors and Management. All five of the individuals nominated for the board of directors, namely Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla and Kevin Small, were elected as set out below:
Shareholders also voted in favour of:
Ratifying the appointment of MNP LLP as Auditors of the Company for the ensuing year and authorizing directors to fix the remunerations of the auditors;
1246768 B.C. Ltd. Announces Proposed Acquisition of Nevada Properties from Waterton and Business Combination to Form Millennial Precious Metals Corp.
768 ) announced that it has agreed to complete a series of transactions with Millennial Silver Corp. (
Millennial Silver ) and Clover Nevada LLC (
Waterton ) that will result in 768 (to be named Millennial Precious Metals Corp. as discussed below) indirectly acquiring the Wildcat Property, the Mountain View Property, the Marr Property, the Ocelot Property, the Eden Property and the Dune Property located in Nevada (the
Nevada Properties ) and a lease and option to purchase the Red Canyon Property also located in Nevada (the