Day: April 2, 2020

MCEWEN MINING APPOINTS PETER MAH AS CHIEF OPERATING OFFICER

TORONTO, April 02, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the appointment of Peter Mah, P.Eng., as Chief Operating Officer (COO) effective immediately.Peter is a professional engineer with 30 years of global mining experience spanning gold, diamonds and base metals. As a seasoned mining executive, his well-rounded experience comes from roles including Chief Operating Officer and Executive Vice President of Luna Gold, Group Executive at Newmont Mining, General Manager at the De Beers Victor Mine, Mine Manager of Newcrest’s Kencana Mine, as well as engineering roles at Goldcorp and Placer Dome.At Newmont, Peter led the early stage underground exploration study teams that defined over 15 million ounces of gold resources for development in Canada, Nevada, Ghana, New Zealand and Peru....

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Euro Manganese Provides COVID-19 Update

VANCOUVER, British Columbia, April 02, 2020 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V / ASX: EMN) (“EMN” or the “Company“) provides an update on its operations and mitigation measures at its Chvaletice Manganese Project in the Czech Republic, and on the effects of the ongoing COVID-19 (CV-19) outbreak.Marco Romero, EMN’s CEO stated: “To date, neither the Company nor its network of consultants and contractors have experienced any incidences of CV-19 contagion. Our Project remains largely unaffected. We are doing well under the circumstances. Our Company places the safety and wellbeing of its employees, consultants, contractors and local community residents as its highest priority, and is actively monitoring and responding to the CV-19 situation.  We take this health crisis very seriously and we are being extra cautious....

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SILVER BEAR FILES FOURTH QUARTER AND YEAR-END 2019 FINANCIAL RESULTS

TORONTO, April 02, 2020 (GLOBE NEWSWIRE) — Silver Bear Resources Plc (“Silver Bear” or the “Company”) (TSX: SBR) announces the filing of its audited financial results for the year ended 31 December 2019 today, including development highlights from its Mangazeisky silver project in Far East Russia.For complete details of the unaudited Interim Consolidated Financial Statements and associated Management’s Discussion and Analysis please refer to the Company’s filings on SEDAR (www.sedar.com) or the Company’s website (www.silverbearresources.com).2019 HIGHLIGHTSDuring the year ended December 31, 2019 the Company production statistics included:Mined a total of 118,240 tonnes of ore, processed 100,338 tonnes of ore at an average grade of 668 g/t of silver, producing a total of 1,596,987 ounces of silver;Sold a total of 1,550,101 ounces...

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TEAM, INC. ANNOUNCES COST REDUCTION ACTIONS IN RESPONSE TO CURRENT MARKET CONDITIONS

SUGAR LAND, Texas, April 02, 2020 (GLOBE NEWSWIRE) — Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today announced immediate cost reduction actions in response to the current market volatility, operational disruption related to the COVID-19 pandemic, and the oil and gas industry outlook.“As part of the critical and essential services network, TEAM has and will continue to take all appropriate actions to protect its employees, maintain business operations for clients where feasible, and preserve liquidity,” said Amerino Gatti, Team’s Chairman and Chief Executive Officer. “Over the past two weeks, we made deliberate decisions to immediately reduce our operating expenses, overhead and other variable costs to align with the current business...

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Nevada Gold Mines Provides Covid-19 Support for Local Communities

All amounts expressed in US dollarsELKO, Nevada, April 02, 2020 (GLOBE NEWSWIRE) — Nevada Gold Mines (NGM) is working with the state of Nevada and its stakeholders to identify immediate needs and provide financial and logistical support to mitigate the impact of the Covid-19 pandemic on its local communities.Executive Managing Director Greg Walker said NGM, the largest global gold producing complex and a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%) and operated by Barrick, was a committed partner of the state, the region and the community, and recognized that extraordinary times called for extraordinary measures.“We have ensured that our operations are working as safely and responsibly as possible but it is not only our employees that we are concerned about — we are also using our resources...

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Athabasca Oil Corporation Takes Further Actions in Response to the Current Environment

CALGARY, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further immediate actions in response to the significant decline in global oil prices to bolster balance sheet strength and corporate resiliency.Shut-in of Hangingstone AssetDue to the significant decline in oil prices combined with the economic uncertainty associated to the ongoing COVID crisis, Athabasca has decided to suspend the Hangingstone SAGD operation. This suspension was initiated on April 2, 2020 and will involve shutting in the well pairs, halting steam injection to the reservoir, and taking measures to preserve the processing facility and pipelines in a safe manner so that it could be re-started at a future date when the economy has recovered.The Hangingstone asset has an operating break-even...

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PEOPLE’S UTAH BANCORP SCHEDULES FIRST QUARTER 2020 EARNINGS RELEASE DATE AND CONFERENCE CALL

AMERICAN FORK, Utah, April 02, 2020 (GLOBE NEWSWIRE) — People’s Utah Bancorp (Nasdaq: PUB) announced that it will report its first quarter 2020 financial results on Wednesday, April 22, 2020 after the market closes.  Management will host a conference call on Thursday, April 23, 2020 at 10:00 a.m. MDT (12:00 p.m. EDT) to discuss its financial performance.Interested investors may listen to the call live at www.peoplesutah.com.  Investment professionals are invited to dial 888-317-6003 (international calls 412-317-6061) and the participant entry number is 7989407. Please dial in 10-15 minutes early so the name and company information may be collected prior to the start of the conference.If you are unable to participate during the live webcast, the call will be archived on our website www.peoplesutah.com or at the same URL for one month...

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OneWater Marine Inc. Announces Actions to Strengthen Financial Flexibility in Response to the COVID-19 Pandemic

BUFORD, Ga., April 02, 2020 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater”) today announced that it is taking additional cost reduction actions to strengthen its financial flexibility amid the COVID-19 global pandemic.“In an effort to protect our business and enhance our financial flexibility, we are executing on our plan, taking quick and decisive actions to reduce costs across the company, including salary and discretionary expense reductions, limiting capital expenses for non-essential projects, and workforce furloughs and/or reductions. While many unknowns remain, we believe these actions are necessary for the long-term benefit of our team, OEM partners, customers and shareholders,” Austin Singleton, Chief Executive Officer of OneWater Marine commented. “These are extraordinary times for our company, particularly...

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Lifetime Brands Provides COVID-19 Related Business Update

Implements Temporary Cost Saving Initiatives, Including Executive Compensation ReductionTemporarily Postpones May Quarterly DividendLiquidity Position Remains SolidGARDEN CITY, N.Y., April 02, 2020 (GLOBE NEWSWIRE) — Lifetime Brands, Inc. (NasdaqGS: LCUT), a leading global designer, developer and marketer of a broad range of branded consumer products used in the home, today announced a number of actions it is taking in response to the COVID-19 pandemic and the related impact on its business.“Like many of our customers, suppliers and industry peers, Lifetime is facing unprecedented challenges in light of the evolving COVID-19 pandemic,” said Robert Kay, Lifetime’s Chief Executive Officer. “Our top priorities remain the health and safety of our employees and partners, and positioning our company to successfully navigate the economic...

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Radient Technologies Inc. Receives TSXV Approval to Extend Warrants

EDMONTON, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, announces that it has received the approval from  the TSX Venture Exchange (the “TSXV”) to extend the term of 1,070,712 warrants originally scheduled to expire on April 14, 2020 (the “Warrants”) to April 14, 2021.The Warrants were originally issued pursuant to a private placement of units completed by the Company on October 14 , 2016.  The new expiry date for these warrants is April 14, 2021.All other terms and conditions of the warrants remain unchanged.  The Company’s intention to seek extension of these warrants was previously announced on March 31, 2020.About Radient Radient Technologies...

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