Subsequent Events

3 Months Ended

Mar. 31, 2020

Subsequent Events

Subsequent Events

22. Subsequent Events

On March 11, 2020, the World Health Organization declared the outbreak of a respiratory disease caused by a new novel coronavirus (“COVID-19”) as a “pandemic”. On March 31, 2020, the Mexican government issued a national health emergency order with an immediate suspension order for 30 days of all “non-essential” public and private sector business (which included mining) in order to mitigate the spread and transmission of COVID-19. As a result of this order, the Company suspended its Mexico operations on April 1, 2020. On April 20, 2020 the suspension order was extended to May 30, 2020. As of the date of the issuance of these unaudited Condensed Consolidated Financial Statements, there have been no other significant impacts, including impairments, to the Company’s operations and financial statements. The Company continues to monitor the situation and due to uncertainty of the pandemic, management's judgment regarding its impact on the results of operations, cash flows, and financial condition may change in the future and the extent of the impact cannot be reasonably estimated at this time.

Subsequent to March 31, 2020, the Company sold 484,500 shares of its common stock under the ATM Agreement for net proceeds of $1.6 million.