Harte Gold Provides Corporate Update and Announces Results from Annual and Special Meeting of Shareholders
June 24, 2020
Toronto, ON: HARTE GOLD CORP. (“Harte Gold” or the “Company”) (TSX: HRT / OTC: HRTFF / Frankfurt: H4O) is pleased to announce that it held its annual and special meeting of shareholders earlier today (the “AGM”). At the AGM, management of the Company provided a corporate update, the highlights of which included, among others:
- Mine Restart – The Company has completed a detailed restart and 18-month operating plan for the Sugar Zone Mine, which will see the mine return to 800 tpd by the end of the year. In the meantime, the care and maintenance teams continue to keep the mine in good stead for recommencement of operations.
- Transition to Owner-Operator – Steps are being taken to transition to owner-operator mining concurrently with a restart of the Sugar Zone Mine. Discussions are underway with the Company’s mining contractor to support transition. The Company anticipates a transition period of approximately three months after restart.
- Equipment Financing – The Company is in term sheet discussions to obtain equipment financing to purchase the mine fleet.