Month: March 2024

Discovery Reports Fourth Quarter and Full-Year 2023 Financial Results

Tony Makuch, CEO, commented: “Over the last year, our teams in Mexico and Canada have done an outstanding job advancing Cordero. Following the release of the Pre-Feasibility Study in January 2023, we progressed into full feasibility advancing engineering and design work which further de-risked the Project, drilling over 30,000 metres with the results clearly demonstrating the potential to grow resources and reserves, and completing impact assessment and social baseline studies leading to the submission of our Environmental Impact Statement in August.

Kootenay Silver Files Final Base Shelf Prospectus

Kootenay Silver Inc. is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus with the securities regulators in each province and territory of Canada.

Fresnillo plc – Board Changes

Fresnillo plc announces that Ms Bárbara Garza Lagüera, who has served on the Board for more than 10 years, has advised the Board of Directors of the Company that she intends to stand down from the Board at the 2024 Annual General Meeting of the Company, which will be held on Tuesday 21 May 2024.

Vizsla Silver Agrees to Acquire Newly Consolidated Past-Producting Silver District in the Emerging Silver-Gold-Rich Panuco-San Dimas Corridor in Mexico

“Vizsla Silver has agreed to acquire another highly prospective precious metals rich district in the Sinaloa Silver Belt, marking the first time that the La Garra-Metates District has ever been in a public company.” Stated Michael Konnert, President, and CEO. “The consolidation and acquisition of a vastly under-explored, past-producing district in the state of Sinaloa is an excellent addition to our portfolio and demonstrates our strength in the region.”

Alamos Gold Announces Friendly Acquisition of Argonaut Gold

“This is a logical and attractive transaction for both companies. The combination of the adjacent Island Gold and Magino mines will immediately unlock tremendous value, with significant longer-term upside through further optimizations of the combined operation, and ongoing exploration success. Both assets complement each other well with large Mineral Reserve and Resource bases, long mine lives, and existing infrastructure that can support the bright future for the larger combined operation. Together, Island Gold and Magino will create one of the largest and most profitable mines in Canada, further enhancing our leading position as a Canadian focused intermediate gold producer,” stated John A. McCluskey, President and CEO of Alamos Gold.

MAG Silver Announces Robust Updated Technical Report for Juanicipio

“The 2024 Technical Report reaffirms Juanicipio as a generational and premier silver mining asset. Bringing Juanicipio online in 2023 was the culmination of a series of successes since the discovery of Valdecañas in 2005. With the Report reflecting the mine’s startup phase, our focus now shifts to optimizing operations as Juanicipio enters steady-state. We are strategically positioned for sustained success with a robust production profile, compelling economics and significant exploration potential.”

Orex Minerals Appoints Adam Cegielski as Chair of the Board

“Adam will be a valued addition to our Board,” stated Ben Whiting, President and CEO of Orex. “His extensive knowledge and experience in the venture capital industry, coupled with his strong work ethic, will serve Orex well as we strive to achieve our goals.”

First Majestic Announces Commencement of Bullion Sales from First Mint

The inaugural production run of bullion bars will be commemorated and sold as collectibles, complete with certificates of authenticity and exclusive packaging. These limited edition “First Strike” products will include 1,000 one-kilogram bars, 2,500 ten-ounce bars, and 5,000 five-ounce bars.

Tocvan Retains Majority Ownership Of Pilar Project – Elects To JV On The Original Pilar Concessions

This year, the Company has planned a minimum of 7,000 to 10,000 meters of drilling on the Original Pilar Concessions and will look to continue that initiative. Across the broader Pilar Property exploration work will be ongoing identifying source areas for the expansive placer gold workings and the large hydrothermal alteration cells that coincide with gold and silver mineralization.

Colibri Retains 49% Interest in Pilar and Will Enter into a JV

“The Pilar Gold and Silver Project has advanced significantly since we entered into the option and joint venture agreement in September 2019. We believe that the Tocvan team has done an excellent job in creating substantial project value and has positioned Pilar to potentially become a low cost gold producer in the near term.”

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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.