OT. Ex. Goldgroup Executive Chairman Gregg J. Sedun GoldgroupMining > past duties > Published on Aug 3, 2011 Goldgroup Mining Executive Chairman Gregg J. Sedun interviewed by Steve Crowley at Wall Street Cast - May 2011
Former Ecuador mining minister says he expects $4bn in mining investments into Ecuador by 2021 - Proactive Investors Stocktube Published on May 10, 2018
Former mining minister of Ecuador Javier Cordova tells Proactive Investors the average amount of money invested into the country from 2008-2014 was around $30 to $40 mln per year, which soared to $600 mln in 2015.
Cordova attributes the shift in investment dollars to the changing conditions of economic and political stability in the country, attracting mining companies like Lundin Gold Inc and Anglo American.
Core Gold CEO says mining company will double production per month by end of year - Proactive Investors Stocktube Published on May 14, 2018
Core Gold Inc (TSXV: CGLD, OTCQX: CGLDF) CEO Keith Piggott tells Proactive Investors the Canadian based mining company is increasing production and expanding exploration at its projects in Ecuador.
ex.... Piggot says the company is currently expanding mill capacity at its Dynasty Goldfield project in Ecuador, which began mining operations in December of 2016. Piggot says right now the mine is producing 2,000 oz/month of gold and by the end of the year will be producing 4,000 of gold per month. Piggot says the company is mining 6 of the 100 veins at the project, and can double production by mining at a day and night shift.
Titan completes Vista plant commissioning - 28th February 2019 By: Esmarie Iannucci Creamer Media Senior Deputy Editor: Australasia PERTH (miningweekly.com) –
ASX-listed Titan Minerals has completed wet commissioning of the Vista gold plant and mill, in Peru.
The plant will have an initial 150 t/d capacity to generate some 90 oz/d of gold, based on average monthly grades of between 17.5 g/t and 24.4 g/t gold. The plant is permitted and designed to increase its capacity to 350 t/d.
Titan said on Thursday that the company is currently completing operational tests during a 90-day period, following the environmental approval received in January.
Once the Vista gold plant is fully operational, Titan is expecting a physical inspection by the Regional Energy and Mines Institute. This is one of the final stages for the issue of an operator’s permit.
Once this permit is received, the Vista plant will be fully permitted and licensed to start commercial production.
Titan earlier this month struck a merger agreement with TSX-V listed Core Gold to combine the companies into a Latin America-focused gold player.
The combined group will have an ASX listing and a measured resource of 437 000 oz, an indicated resource of 585 000 oz and an inferred resource of some 1.1-million ounces at the Dynasty goldfield project in Ecuador, as well as a portfolio of highly prospective exploration projects across Ecuador and Peru.
Edited by: Creamer Media Reporter
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OT. Cornerstone cries foul over timing of SolGold’s hostile offer 8th March 2019 By: Mariaan Webb Creamer Media Senior Researcher and Deputy Editor Online
TSX-V-listed Cornerstone Capital Resources has rejected dual- listed SolGold’s unsolicited proposal to acquire the company, arguing that it undervalues its business, and also called into question the timing of the proposed bid in the lead-up to the release of the preliminary economic assessment (PEA) of the Cascabel project, in Ecuador.
In a letter dated March 8, the Cornerstone board said that it rejected the proposed hostile bid without actually having received the formal bid from SolGold and laid into the company for a “consistent track record of delays”.
Cornerstone stated that the timing of the proposed bid was “highly suspect”, stating that it believed SolGold wanted to exploit inside knowledge about Cascabel prior to the release of the PEA and before material information was disseminated to the market.
A PEA for Cascabel – a major copper discovery that has attracted significant international interest – has been delayed to the second quarter of 2019, said Cornerstone, which has a 15% carried interest in the Ecuadorian company that holds the project.
It further stated that the proposed hostile bid would pre-empt Cornerstone’s ability to enter into a transaction with third parties, such as diversified major BHP, given a standstill that did not expire until October next year.
SolGold, which trades on the London and Toronto exchanges, previously said that it would take a proposed offer directly to Cornerstone’s shareholders, after that company’s board rejected its advances in “record time”.
SolGold is proposing an all-stock transaction of 0.55 a share for every Cornerstone share held, which it argues is a 20% premium to the takeover target’s share price. At current market prices, this will be about C$0.35 a share, or about C$226-million for all the outstanding common shares of Cornerstone.
Cornerstone chairperson Greg Chamandy said that the proposal undervalued the company. “A fact that has clearly been recognised by our shareholders with holders of approximately 59% of the outstanding common shares having now advised Cornerstone that they will not support SolGold’s proposed bid.”
Given that Canadian takeover rules require the majority of Cornerstone’s outstanding common shares to be tendered to a formal offer before any shares can be taken up, Cornerstone does not see how the hostile bid could be completed without sufficient shareholder support.
Edited by: Creamer Media Reporter
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Ps. Loma Larga to be Ecuador’s next large-scale development
By: Mariaan Webb 30th November 2018 One of the five so-called strategic mining projects of Ecuador – Loma Larga – has received a positive feasibility study and is now on the path to accelerated development, with project developer IVN Metals aiming to break ground in early 2020. The feasibility study calculated, on an after-tax... ?
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