Month: November 2022

Great Panther Mining Limited announces that the Supreme Court of British Columbia, on application of the Company, has granted an extension of the stay of proceedings under the Companies’ Creditors Arrangement Act to December 16, 2022, and has approved the previously announced Share Purchase Agreement between Great Panther and Newrange Gold Corp.

“Year-to-date, our production results are in-line with our expectations. We had a challenging third quarter at our La Colorada and Florida Canyon mines that was mostly offset by the consistent performance of our El Castillo Complex.”

Prime Chief Executive Officer Daniel Kunz commented, “Phase 2 exploration activities are nearing completion and we continue to make great progress across all three major areas of the project having now drilled over 96,000 metres.”

Sierra Metals Inc. reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options.

In Mexico, steel shipments reached 1.7 million tons in the third quarter of 2022, increasing slightly compared to shipments in the second quarter of the year and in the prior-year third quarter. The auto industry is making some progress in dealing with its supply chain difficulties, although it remains below its production capacity.

Angel Wing Metals Inc. announces the filing of its restated unaudited condensed interim financial statements for the periods ending March 31, 2022 and June 30, 2022 to account for the change in accounting for the acquisition of Lago de Oro Resources S.A. de C.V. and its El Grande Project announced on March 30, 2022.

Greg Smith, President and CEO of Equinox Gold, commented: “As expected, gold production in the third quarter increased meaningfully from production in the second and first quarters. Costs, however, were higher than expected as the result of persistent global inflationary pressures coupled with lower than planned production.”

Sierra Madre Gold and Silver Ltd. is pleased to announce that, further to the Company’s news release dated May 25, 2022, the Company has entered into an amended and restated share purchase agreement dated October 28, 2022 with First Majestic Silver Corp. in respect of its previously-announced acquisition of a 100% interest in the 39,714-hectare La Guitarra Silver-Gold Property in the Temascaltepec mining district, Mexico through the purchase of all the issued and outstanding shares of La Guitarra Compania Minera S.A. de C.V., a wholly-owned indirect Mexican subsidiary of First Majestic.

Ryan McIntyre, President of Maverix, commented, “We are thrilled to see several of our royalty counterparties announce positive operational updates contributing to our impressive GEO sales this quarter, highlighted by the continued operating success at Camino Rojo as well as further encouraging drilling results at Beta Hunt and Eskay Creek.”

Kootenay Silver Inc. is pleased to announce that the Company has increased the size of its previously announced best efforts private placement (as detailed in the Company’s news releases dated October 18, 2022 and October 24, 2022) from $4,000,000 to $4,347,826 from the sale of up to 48,309,179 units of the Company at a price of $0.09 per Unit.