Month: December 2022

Tocvan Provides Annual Summary of 2022

“2022 was a challenging year for many resource companies,” stated Brodie Sutherland, CEO. “Amid the turbulent global markets, Tocvan is proud to have made 2022 one of its most productive years in terms of the advancement of both of our projects in Sonora and setting the Company up for a return of investor sentiment towards the precious metals.”

Sierra Madre Provides Update on Proposed Definitive Acquisition of La Guitarra

Alexander Langer, CEO, states, “We are incredibly excited to close the acquisition of La Guitarra with the support of our shareholders, First Majestic, and the Mexican authorities. The acquisition of La Guitarra will provide near-term production and cash flow from the restart of the fully permitted mine and the 500 tonnes-per-day mill while we continue to explore and develop the Tepic and La Tigra properties as part of our multi-pronged strategy.”

Mag Silver Reports On The Juanicipio Project

“Connection to the power grid is a long-awaited milestone for the Juanicipio Project, our stakeholders and shareholders alike, and we are thankful for the understanding and patience as the final steps to connect the plant to the national power grid were concluded,” said George Paspalas, MAG’s President and CEO.

Alamos Gold Announces Sale of Non-Core Royalties

The portfolio being sold consists of three royalties and one silver stream, all of which are on assets not owned by Alamos. This includes a silver stream on the Esperanza project in Morelos, Mexico which was sold in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage projects located in Ontario, Canada.

GoGold Releases Financial Results for Year Ending September 30, 2022

“As we look forwards towards 2023 and the opportunity for value creation at Los Ricos, it cannot be understated what great position the Company is in with such a strong balance sheet. That, and the effects an increasing commodity price will have on Parral cash flows will allow us to fully take advantage of the opportunities that Los Ricos presents,” said Brad Langille, President and CEO.

First Majestic Announces Closing Sale of Royalty Portfolio to Metalla

First Majestic Silver pleased to announce that it has closed its previously announced transaction to sell a portfolio of royalty interests to Metalla Royalty & Streaming Ltd. following the receipt of approval from the TSX Venture Exchange as well as the completion of other customary closing conditions. In consideration of the sale, First Majestic received 4,168,056 shares of Metalla at a deemed price of $4.7984 per share for an approximate value of US$20.0 million.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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