Honduras , Chile , Brazil , Ecuador and Mexico
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Junior corporate roundup: Americas Silver, Aura, Cornerstone

Bnamericas
Junior corporate roundup: Americas Silver, Aura, Cornerstone

Americas Silver announced an agreement with Minera Hochschild México to extend the timing of payments under an option agreement on the San Felipe silver-zinc-lead project in Mexico.

Americas purchased an option granting it the right to acquire a 100% stake in San Felipe in 2017.

Under the agreement, the remaining US$6mn cash payment will be payable in eight quarterly amounts of US$750,000, beginning in Q1.

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Aura Minerals, which has mines in Brazil, Honduras and Mexico, completed a share consolidation on the basis of one new share for 10 old shares.

The consolidated shares will begin trading on the Toronto Stock Exchange on January 7.

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Cornerstone Capital Resources appointed David Loveys as CFO, with current CFO Sabino Di Paola stepping into the role of controller.

Cornerstone has gold and copper projects in Ecuador and Chile.

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Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

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  • The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...
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  • The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...