Year: 2023

Sierra Madre Gold and Silver Ltd. is pleased to announce that, pursuant to the share purchase agreement dated May 25, 2022, as amended and restated on October 28, 2022, among the Company, First Majestic Silver Corp. and Corporacion First Majestic, S.A. de C.V., the Company has completed its previously announced acquisition of La Guitarra Compania Minera S.A. de C.V., an indirect wholly-owned subsidiary of First Majestic incorporated under the laws of Mexico, that holds a 100% interest in the La Guitarra silver-gold property.

Starcore International Mines Ltd. today announced that as part of its ongoing efforts to reduce costs, it will voluntarily withdraw its common shares from quotation on the OTCQB, effective prior to the opening of the markets on March 31, 2023.

Ernesto Balarezo Valdez, Sierra Metals’ Interim CEO comments, “Sierra Metals enters 2023 with positive momentum. Since the start of 2023, we have stabilized our operations and begun to implement a program to optimize our operating performance, all with safety as the top priority.”

Jody Kuzenko, President & CEO of Torex, stated: We are pleased with the results of the year-end 2022 Mineral Reserve & Resource estimate which further highlights the geological excellence of our Morelos Property. On a total asset AuEq basis, net of depletion, Measured & Indicated Resources increased 567 koz (+8%) and Inferred Resources increased 41 koz (+2%). Prior to mine depletion of 511 koz AuEq, Measured & Indicated Resources increased 1,078 koz (+16%).”

Ernesto Balarezo Valdez, Sierra Metals’ Interim CEO comments, “Sierra Metals enters 2023 with positive momentum. Since the start of 2023, we have stabilized our operations and begun to implement a program to optimize our operating performance, all with safety as the top priority.”

Equinox Gold Corp. is pleased to announce it has completed a $140 million gold prepay arrangement. The Company has also signed a non-binding term sheet for an additional $50 million gold purchase and sale arrangement.

“As we refocus our portfolio, the sale of this non-core property is consistent with our capital allocation strategy of investing in our assets that have the potential to generate the highest returns and drive free cash flow growth,” stated Richard Young, President and CEO of Argonaut Gold.

Heliostar CEO, Charles Funk commented, “Heliostar is now the owner of the Ana Paula Gold deposit, a 1.4-million-ounce resource (M&I) with a PFS and permits for open pit mining. The transaction has added advanced gold ounces to our company for significantly less than the cost to drill, define and permit them.”