Golden Minerals Announces Return of El Quevar Silver Project [Yahoo! Finance]
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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Source: Yahoo! Finance
today that Barrick Gold Corporation ("Barrick") notified the Company it is withdrawing from an Earn-In Agreement (the "Agreement") on the El Quevar silver project (Salta province, Argentina) which the two parties signed in April 2020. The termination will be effective on April 20, 2024. Golden Minerals President and Chief Executive Officer, Warren Rehn, commented today, "The timing of the return of the El Quevar project is fortuitous and quite favorable to the Company as we pivot from production to exploration and development. The El Quevar property is one of the largest contiguous high sulfidation alteration systems in northern Argentina and presents a very prospective opportunity to the Company in further advancing the high-grade Yaxtché silver deposit as well as advancing the newly identified gold prospect just to the south." To date, Barrick has spent more than $6.0 million of work expenditures at El Quevar and has completed a five-hole, 1,300-meter drill program that identifi
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