Month: February 2024

Golden Minerals Stops Mining Operations at its Velardeña Properties

The Company restarted mining operations at Velardeña in late December 2023, with the goal of progressively increasing production at the mine during the first half of 2024 until it achieved positive cash flow. The initial performance of the mine and processing plant during the course of the initial several months of production has not achieved the results projected by the Company.

Defiance Silver Closes Initial Tranche of Private Placement

Defiance Silver Corp. announces that it has closed on February 27, 2024 the first tranche of its previously announced non-brokered private placement of units of the Company at a price of C$0.10 per Unit for aggregate gross proceeds of C$1,094,000.

Starcore Announces Third Quarter Production Results

The third quarter confirmed the stability of the production in the San Martin Mine in this fiscal year. Production increases were experienced due to the higher grade of gold fed into the mill and the improvement in recovery of approximately 4 percentage points, both due to the high grade oreshoot discovered during the year as a result of investment in exploration and metallurgical research.

Reyna Silver Announces Upsize to $3,000,000 and First Tranche Closing

Reyna Silver Corp. is pleased to announce that it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement previously announced on February 14, 2024, due to investor demand. The amended Offering is for up to 20,833,333 units of the Company at a price of $0.12 per Unit for gross proceeds of up to approximately $2,500,000, increased from $1,500,000.

Hecla Appoints Director

Hecla Mining Company today announced the appointment of Mark P. Board as a Director effective February 23, 2024.

Sierra Madre Announces $1 Million Private Placement

Sierra Madre Gold and Silver Ltd. is pleased announce a non-brokered private placement with an existing long-term institutional shareholder the Company. The Offering consists of 3,571,428 shares for aggregate gross proceeds to the Company of $1,000,000 at a price of $0.28 per share.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.