Scorpio Gold Corp. announces that the forebearance agreement on its $6 million debt originally expiring on November 16, 2018 was extended to December 19, 2018. The Company is currently evaluating various business alternatives including a potential sale transaction, business combination, refinancing its long-term debt, raising financing through an equity financing or through other types of financing. About Scorpio Gold [...]
Scorpio Gold Corp. announces that the forebearance agreement on its $6 million debt originally expiring on October 15, 2018 was extended to November 16, 2018. The Company also announces its operating results for the third quarter of 2018 at its 70% owned Mineral Ridge project, located in Nevada. Production at Mineral Ridge in Q3 2018 totalled 1,627 ounces of gold and 655 ounces of silver compared to 4,395 ounces of gold [...]
Scorpio Gold Corp. announces its financial results for the second quarter ended June 30, 2018. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for Q2 and Management’s Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the Company’s name on SEDAR at www.sedar.com. All [...]
Scorpio Gold Corp. announces it has entered into a forbearance agreement dated August 13, 2018 among the Company, its subsidiaries and Waterton Precious Metals Fund II Cayman, LP , which is advised by Waterton Global Resource Management, Inc., in connection with the repayment of a loan advanced from the Lender to Scorpio Gold in the principal amount of US$6,000,000 , pursuant to the terms of a senior secured credit [...]
VANCOUVER, British Columbia, July 03, 2018 -- Scorpio Gold Corp. is pleased to announce the receipt of a signed Decision Record and a Finding of No Significant Impact for the Environmental Assessment completed for its Mineral Ridge Operations in Nevada. The EA was required to comply with the National Environmental Policy Act, given that a portion of the Mineral Ridge property is located on public land administered by the [...]
VANCOUVER, British Columbia, May 29, 2018 -- Scorpio Gold Corp. announces its financial results for the first quarter ended March 31, 2018. This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for the three-months ended March 31, 2018 and Management’s Discussion & Analysis for the same period, available on the Company’s website at [...]
VANCOUVER, British Columbia, April 24, 2018 -- Scorpio Gold Corp. announces its financial results for the fourth quarter and year ended December 31, 2017. This press release should be read in conjunction with the Company’s consolidated financial statements for the year ended December 31, 2017 and Management’s Discussion & Analysis for the same period, available on the Company’s website at [...]
VANCOUVER, British Columbia, Jan. 10, 2018 -- Scorpio Gold Corp. announces its operating results for the full year and the fourth quarter of 2017 at its 70% owned Mineral Ridge project, located in Nevada. Total gold production in 2017 was 19,045 ounces, which slightly exceeded the Company’s low-end guidance of 19,000 ounces. The annual production for 2017 of 19,045 ounces represents a decrease of 48% over the prior [...]
VANCOUVER, British Columbia, Jan. 10, 2018 -- Scorpio Gold Corp. is pleased to announce it has filed on SEDAR an NI 43-101 Technical Report that includes an updated feasibility study in relation to new open pit reserves and previously announced heap leach reserves at its Mineral Ridge property, located in Nevada. The Technical Report was prepared by Novus Engineering Inc. and is in relation to the Company’s news [...]
VANCOUVER, British Columbia, Jan. 04, 2018 -- Scorpio Gold Corp. is pleased to announce the results of an updated positive feasibility study to process the heap leach material and additional open-pit mineral reserves at its Mineral Ridge property , located in Esmeralda County, Nevada. Scorpio Gold holds a 70% interest in the Property, along with joint venture partner Elevon, LLC . Note: Figure prepared by MTS, 2017 Note [...]
VANCOUVER, British Columbia, Dec. 01, 2017 -- Scorpio Gold Corp. announces that Mr. David Smalley has resigned as a director of the Company, effective immediately. Brian Lock, Interim CEO, stated, “On behalf of the Company and the Board, we wish to thank Mr. Smalley for his contributions to the Company and wish him well in his future endeavours.” About Scorpio Gold Scorpio Gold holds a 70% interest in the [...]
VANCOUVER, British Columbia, Nov. 29, 2017 -- Scorpio Gold Corp. announces its financial results for the third quarter ended September 30, 2017 . This press release should be read in conjunction with the Company’s condensed interim consolidated financial statements for Q3 and Management Discussion & Analysis for the same period, available on the Company’s website at www.scorpiogold.com and under the [...]