Contrary to inaccurate and misleading characterizations in the ARC Proposal which were put forward at a time of critical strategic importance, in the last two months alone Sierra Metals has announced several initiatives that provide evidence of positive operating momentum, improved financial flexibility and a strong commitment to a culture of safety.
Guanajuato Silver chose Micromine Origin, Micromine Beyond and Micromine Nexus due to the comprehensive functionality which has enabled them to replace multiple geological modelling, mapping, and mine design applications with Micromine’s powerful all-in-one solution.
Bear Creek Mining Corporation announces that Mr. Anthony Hawkshaw informed the Company’s board of directors of his intent to retire from the position of Chief Executive Officer of the Company effective June 5, 2023. Subsequently the Board, through its succession planning process, selected Mr. Eric Caba, President and Chief Operating Officer of Bear Creek to assume the role of President and CEO concurrent with Mr. Hawkshaw’s retirement.
Fortuna Silver Mines Inc. reports that a small group of union employees, representing 15 percent of the mine and plant workforce, have illegally blockaded access to the San Jose Mine. As a result, operations at the mine have been temporarily halted.
Agnico Eagle believes that the NCIB will provide a flexible tool as part of Agnico Eagle’s overall capital allocation program and objectives, while generating value for shareholders.
“We look forward to advancing exploration on all three projects in the coming season, starting with drilling at Batopilas based on detailed geophysics, pioneering sampling and detailed structural studies. Then we’ll be following up our 2022 reconnaissance drilling at Medicine Springs with airborne geophysics to help define drill targets for this summer,” said Jorge Ramiro Monroy, CEO of Reyna Silver.
Total gold ounces recovered and sold in 2022 was 11,667 ounces from the Santana Project with inventory on the pad of 6,950 ounces as at December 31, 2022. Primary surface rights agreements were concluded for the development of the Cerro de Oro gold project in northern Zacatecas, Mexico.
Chief Executive Officer, Daniel Kunz commented, “Congratulations to our exploration team for doubling the known gold-silver resource at Los Reyes while simultaneously increasing the average grade and improving the quality and confidence in the mineral resource estimate. Included in the open pit resource tonnes and grade is a notable high-grade mill feed component.”
The Mexican Congress approved the Mining Reform, with substantial impacts on mining concessions, use of national waters and waste management.
Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as co-lead agent and sole bookrunner, and together with Red Cloud Securities Inc. as co-lead agents, on behalf of a syndicate of agents, including Canaccord Genuity Corp. in connection with a best efforts, private placement of units of the Company at a price of $0.10 per Unit for gross proceeds of up to $4,000,000.
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