Shares of Mexican miner Penoles, one of the world’s largest silver producers, on Wednesday rose to their highest levels since November 2018 after subsidiary Fresnillo reported strong second-quarter results.
Advance Gold Corp. announces that,subject to the approval of the TSX Venture Exchange, it proposes to increase to $500,000 its previously announced non-brokered private placement of units at a price of 10 cents per Unit for gross proceeds of $500,000.
James McDonald, President and CEO of Kootenay, stated: “Encountering high silver grades so early in the inaugural drill program at Copalito is very exciting. We are optimistic about the potential of both Copalito and Columba hosting high-grade silver resources to add to our existing silver equivalent resource base of 144 million ounces in the measured and indicated category plus 35.7 million ounces in the inferred category at our La Cigarra and Promontorio properties. These projects represent a very strong portfolio of silver projects for the Company and shareholders as we enter a higher silver price environment.”
VanGold Mining Corp announces that due to increased demand the Company has expanded the size of its non-brokered private placement financing announced July 21, 2020 The Financing will now consist of a total of 24,500,000 units at a price of $0.155 per Unit for gross proceeds of $3,797,500.
At Plata Verde, Radius geologists re-discovered an undocumented large scale underground bulk mining operation where in the late 1800’s, historic miners hand excavated an extensive series of anastomosing caverns, producing silver bars at an associated smelter operation.
I am pleased to report resilient production performance with further progress made on our mine improvement initiatives. As a result, we are maintaining our silver guidance for the full year, though we have reduced our gold guidance due to COVID-19 related working restrictions mainly at our Herradura and Noche Buena mines which have impacted production volumes.
The proceeds of the Placement will be used to fund expanded drill programs on the Company’s silver-gold exploration projects in Mexico.
Golden Minerals Company announced today that, due to demand, the underwriter has agreed to increase the size of the previously announced offering and purchase on a firm commitment basis 17,857,143 shares of common stock of the Company, at a price to the public of $0.42 per share, less customary underwriting discounts and commissions.
H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.
Greg McKenzie, President and CEO commented, “Since taking over leadership of the Company in May 2020 we are pleased to see the share price begin to strengthen, however, we are excited about the tremendous organic and strategic growth opportunities and believe that with the ongoing support of our strong shareholder base Golden Tag is well positioned to capitalize on the continued rebound in silver prices.”
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