AGC Amarillo Gold

Amarillo CEO to present at PMS Beaver Creek on September 15

Amarillo CEO to present at PMS Beaver Creek on September 15

TORONTO, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) has recently achieved several key milestones toward developing its flagship Posse Gold Project into Brazil’s next gold mine.

Mike Mutchler, President and Chief Executive Officer, will review those achievements during his presentation at the Precious Metals Summit Beaver Creek on Tuesday, September 15, 2020 at 4.30 p.m. ET. His presentation will be webcast live via the follow link:

.

Mutchler will report on:

  • the results of the positive feasibility study that gives Posse a net present value of US$360 million using a 5% discount rate and an after-tax internal rate of return of 50% using a gold price of US$1,730 per ounce and a Brazilian Reais to U.S. dollar exchange rate of 5.3:1
  • progress toward securing construction financing, including the equity financing that closed on August 13, 2020 and raised gross proceeds of $57.2 million
  • progress on permitting and detailed engineering at Posse
  • how regional exploration has the potential to find more near-surface gold deposits that could extend Posse’s mine life beyond 10 years.

About Amarillo

Amarillo Gold Corporation is advancing two gold projects in Brazil. Both are in mining-friendly states and have excellent nearby infrastructure. The development stage Posse Gold Project on its Mara Rosa Property in Goiás State has received the main permit that provides social and environmental permission for mining. Work is underway on receiving the installation permit. The exploration stage Lavras do Sul Project in Rio Grande do Sul State has more than 22 prospects centered on historic gold workings.

Amarillo Gold Corporation trades on the TSXV under the symbol AGC, and on the OTCQB under the symbol AGCBF.

For further information, please contact

Mike MutchlerAnnemarie Brissenden
President & CEOInvestor Relations
416-294-0736416-844-6284

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.

PDF available: 

EN
10/09/2020

Underlying

AGCAmarillo Gold

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Amarillo Gold

 PRESS RELEASE
Free
AGC AMARILLO GOLD

Amarillo Gold Corporation and Lavras Gold Corp. complete arrangement a...

Amarillo Gold Corporation and Lavras Gold Corp. complete arrangement and launch TORONTO, April 01, 2022 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (TSX: AGC) (“Amarillo”) and Lavras Gold Corp. (“Lavras Gold” or the “Company”) have completed the plan of arrangement (the “Arrangement”) transaction involving the acquisition of Amarillo by a subsidiary of Hochschild Mining PLC (“Hochschild”) and spinout of Lavras Gold. Pursuant to the Arrangement, each share of Amarillo has been exchanged for cash consideration of C$0.40 and one common share (each, a “Lavras Gold Share”) of Lavras Gold, a ...

April 2, 2022 1 EN
 PRESS RELEASE
Free
AGC AMARILLO GOLD

Amarillo acquisition closing and Lavras Gold spinout expected on April...

Amarillo acquisition closing and Lavras Gold spinout expected on April 1 TORONTO, March 30, 2022 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (“Amarillo” or the “Company”) (TSXV: AGC, OTCQB: AGCBF) is pleased to announce that the acquisition of Amarillo by a subsidiary of Hochschild Mining PLC pursuant to a plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia) and the spin-out to Amarillo shareholders of all of the shares of Lavras Gold Corp. (“Lavras Gold”), is expected to occur on April 1, 2022. Under the terms of the Arrangement, each share of...

March 30, 2022 1 EN
 PRESS RELEASE
Free
AGC AMARILLO GOLD

Amarillo receives final order from Supreme Court of British Columbia f...

Amarillo receives final order from Supreme Court of British Columbia for Plan of Arrangement TORONTO, March 07, 2022 (GLOBE NEWSWIRE) -- Amarillo Gold Corporation (the “Company” or “Amarillo”) (TSXV: AGC, OTCQB: AGCBF) has obtained a final order from the Supreme Court of British Columbia approving the by Hochschild Mining PLC (“Hochschild”). Under the Arrangement, each share of Amarillo will be exchanged for cash consideration of C$0.40 and one share of Lavras Gold Corp. (“Lavras SpinCo”), a new Brazil-focused exploration company. Information regarding the procedure for exchanging Amari...

March 7, 2022 1 EN
 PRESS RELEASE
Free
AGC AMARILLO GOLD

Amarillo shareholders approve plan of arrangement

Amarillo shareholders approve plan of arrangement TORONTO, March 02, 2022 (GLOBE NEWSWIRE) -- At a special meeting of shareholders held yesterday, the shareholders of Amarillo Gold Corporation (the “Company” or “Amarillo”) (TSXV: AGC, OTCQB: AGCBF) approved the by Hochschild Mining PLC. The special resolution approving the Arrangement was approved by 99.99% of the votes cast by Amarillo’s shareholders present or represented by proxy at the meeting. It was also approved by 99.99% of the votes cast by Amarillo shareholders other than votes attached to Amarillo shares required to be ex...

March 2, 2022 1 EN
 PRESS RELEASE
Free
AGC AMARILLO GOLD

A year of exploration and development success for Amarillo

A year of exploration and development success for Amarillo This news release should be read in conjunction with our consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2021. Both are available at , and under our company profile at All monetary amounts are in Canadian dollars unless stated otherwise. TORONTO, Feb. 25, 2022 (GLOBE NEWSWIRE) -- Several major milestones were achieved in 2021, reported Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) today as it announced its results for the year ended December 31, 2021. “We had ...

February 25, 2022 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch