Month: October 2023

Sandbox Royalties Announces US$100 Million of Fully Funded Acquisitions

“These transformational transactions enable our vision to create a leading diversified metals royalty and streaming company focused on acquiring and managing royalties on financially viable operations across a diverse range of commodities, located in mining friendly jurisdictions and managed by strong operators,” commented John Armstrong, CEO of Sandbox Royalties.

Torex Gold Provides Quarterly Update on Media Luna Project

Jody Kuzenko, President & CEO of Torex, stated: “Development of Media Luna continues to track well to plan, with first concentrate production remaining on track for late 2024 and commercial production in early 2025. At quarter-end, the Media Luna Project was 49% complete across engineering, procurement, underground development/construction, and surface construction.”

Silver Tiger Announces Filing of Technical Report for Updated Mineral Resource Estimate for the El Tigre Silver-Gold Project

“What stands out in the filed Technical Report, not previously disclosed, is the Exploration Potential. The Technical Report establishes an Exploration Target for El Tigre of 7 to 9 million tonnes at 3.0 to 3.5 g/t AuEq for 675,000 ounces to 1 million ounces AuEq. We will immediately begin the process of drilling these significant potential additional ounces.”

Minera Alamos Signs Definitive Documentation for Cerro De Oro Construction Financing Package of up to US$25 million and Completes Initial Drawdown

“We are delighted to have executed these financing documents with Auramet, which provides a fully funded and single source solution to the modest capital expenditure requirements of the planned gold mine at Cerro de Oro. Our team has had an excellent working relationship with Auramet in recent years in regard to gold sales from prior operations as well as our Santana gold mine. This has provided us great insight into how supportive a partner Auramet can be, and we are happy to have executed a funding facility which will allow us to grow the relationship with the Auramet team,” stated Doug Ramshaw, President, Minera Alamos.

Americas Gold and Silver Corporation Provides Q3-2023 Production Results With an Increase of 17% in Attributable Silver Production

“October production has started out strongly and the Company is confident that Q4-2023 will be its strongest silver production quarter following a challenging operating quarter in Q3-2023,” stated Americas President and CEO Darren Blasutti. “The Company is undertaking numerous operating decisions to increase both its overall silver production and its percentage of revenue generated from silver at the two operations in the coming quarters as it is anticipating much stronger silver prices in 2024.”

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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.