Wallace Refiners has launched its 2021 Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in 2020 and that won’t come without consequences. Economists expect that investors will be Bracing For Inflation in 2021.
(Wallace Refiners) – Mirasol Resources Ltd. (TSX-V: MRZ) said Tuesday that Newcrest Mining Limited (ASX: NCM) will suspend work on the Gorbea Option and farm-in agreement due to complications resulting from COVID-19.
The suspension will last at least until August 2021. Newcrest will exercise its option to enter the farm-in phase of the agreement by making a US$500,000 payment to Mirasol.
“We welcome Newcrest’s commitment to advancing the Gorbea project and their decision to enter into the Gorbea farm-in phase through the payment of US$500,000. This option payment further strengthens Mirasol’s treasury,” said Mirasol’s Chair and Interim CEO, Patrick Evans.
To date, Mirasol said Newcrest has completed 5,426m of drilling and spent more than US$9 million on the project, exceeding the minimums required under the option phase.
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