The Final Tranche was comprised of 19,222,200 units of the Company issued at a price of $0.10 per Unit for aggregate gross proceeds of $1,922,200. In total, the Company raised $3,299,998 pursuant to the Offering, having previously closed tranches on March 13 and 24, 2023 that raised an aggregate of $1,377,798.
“Newmont recognizes that achieving our purpose to create value and improve lives through sustainable and responsible mining, requires a strong commitment to accountability and transparency,“ said Tom Palmer, Newmont President and CEO.
“During the quarter, our Mexican operations saw strong production as a result of higher silver grades and overall plant performance,” said Keith Neumeyer, President & CEO. “At our San Dimas and La Encantada mines, each operation experienced double-digit increases in silver grades as well as higher plant throughputs.”
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil and an option to earn a 100% interest in Canasil’s Nora property.
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil and an option to earn a 100% interest in Canasil’s Nora property.
Richard Lock, Oroco’s CEO, commented emphatically: “Today’s drill results have hyper-charged the enthusiasm levels within the project team at Santo Tomas. While Hole N044 is the last hole to be included in our upcoming resource calculations, it is also the best hole drilled on the project to date and augers very well for future development at Santo Tomas.”
“Having secured a project financing commitment from Societe Generale and ING Bank N.V, we are rapidly advancing detailed engineering, procurement and construction of the project with initial production scheduled for Q4, 2024”, commented Dan Dickson, CEO.
“With first concentrate production ushering in the next chapter for Juanicipio, we are extremely proud of the progress that has been achieved as it graduates to a high-quality, low-cost, tier-1 silver producer,” said George Paspalas, President and CEO of MAG.
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.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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