Fortuna Silver Mines Inc. reports strong gold and gold equivalent production for the first quarter of 2024 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 89,678 ounces and 1.1 million ounces, respectively, or 112,543 gold equivalent ounces, including lead and zinc by-products.
“The 902 zone at the La Colorada Skarn continues to return long intercepts in multiple drill holes, with the most recent drill holes returning some of the highest grade intercepts since we discovered the La Colorada Skarn in 2018.”
Prismo Metals Inc. is pleased to announce that it has completed its previously announced debt settlement with certain creditors of the Company pursuant to which the Company has issued to the Creditors an aggregate of 2,833,690 Common Shares at a price of $0.17 per Common Share in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of approximately $481,727.
Capstone Copper Corp. and Orion Fund JV Limited, Orion Mine Finance Fund II LP and Orion Mine Finance Fund I-A LP jointly announce that Orion has entered into a block trade agreement with Macquarie Capital (Australia) Limited, Canaccord Genuity (Australia) Limited and RBC Capital Markets (Australia) under which Orion has agreed to sell 62,400,000 CHESS depository interests over the common shares of Capstone at a price of A$9.50 per CDI for gross proceeds to Orion of approximately A$592,800,000.
James Anderson, Chairman and CEO, said, “Q1 generated our best production performance to date and continues the trend of demonstrable quarter-over-quarter increases in precious metals production. In 2023, we made significant capex investments aimed at improving efficiencies across all of our producing assets; the impact from these improvements is now being realized as evidenced by our strong start to the year.”
“After almost four years since its launch, we are pleased to announce the successful closure of the Global Community Support Fund, which reflects our ongoing commitment to partnering with the communities where we operate,” said Suzy Retallack, Chief Safety and Sustainability Officer at Newmont.
Silver Viper Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45-106 – Prospectus Exemptions to raise gross proceeds of up to $4,000,000 from the sale of up to 40,000,000 units at a price of $0.10 per Unit.
Alamos Gold Inc. today announced the closing of their previously announced non-brokered private placement, pursuant to which Alamos subscribed for 174,825,175 common shares of Argonaut representing approximately 13.8% of Argonaut’s total outstanding common shares after giving effect to the Private Placement. The Acquired Shares were acquired at a price of C$0.286 per share, for total gross proceeds to Argonaut of C$50,000,000.
Simon Ridgway, Volcanic Gold Mines President and CEO, commented: “The drilling of the Veta Madre at the Motagua Norte project has intersected a broad zone of quartz veins, vein breccia and micro stockwork in two drill holes, located 100 m apart.”
Scott Emerson, President commented: As we continue with our systematic and disciplined exploration approach on this newly consolidated district, the results from the Soledad Mine area are confirming that distinct areas of mineralization are recognizable indicating potential for significant mineralization in the other locales as we identify new and existing target areas for our drill campaign.
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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.
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