Day: March 6, 2024

Defiance Silver Corp. is pleased to report that no appeal has been filed in connection with the favorable ruling of the Mexican Court restoring the Company’s rightful ownership to the mining concessions forming part of the Tepal project. As a result, the judgement is now fully enforceable, and Geologix Explorations Mexico, S.V de C.A, a subsidiary of the Company, is now confirmed as the legitimate and rightful owner of the concessions.

Jorge A. Ganoza, President and CEO, commented, “In the fourth quarter Fortuna delivered strong free cash-flow from ongoing operations of $65 million compared to $70 million in the third quarter. The Company also achieved record gold equivalent production of 136,154 ounces and record sales of $265.3 million, representing increases of 6% and 9% respectively compared to Q3.”

Reyna Silver Corp. is pleased to announce that, due to investor demand, it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement previously announced on February 14, 2024 and amended February 26, 2024, and its previously announced concurrent non-brokered private placement to purchasers pursuant to other applicable exemptions under NI 45-106.

On March 6, 2024, a significant development unfolded in a Colorado federal court as the judge overseeing a long-standing arbitration dispute involving mineral exploration company DynaResource Inc. decisively rejected the company’s request to reconsider or amend a 2022 contempt order.

“In fiscal 2023, we set clear objectives for our operations. These included commissioning the Magino mine on schedule, stabilizing Florida Canyon which had underperformed for several years, and reviewing and optimizing our Mexican operations. Presently the Magino mine is steadily progressing through the ramp-up period. Both the Florida Canyon mine and our Mexican mines had a strong year, exceeding the upper end of production guidance on a combined basis by 9%.”