“The new credit facilities contribute an additional $25 million in working capital funding, providing us with increased financial strength and flexibility to execute on our objectives of replacing resources, extending mine life, and unlocking the regional potential of the Tucano Gold Mine,” stated Sandra Daycock , Great Panther’s Chief Financial Officer. “
Millrock President and CEO Gregory Beischer commented: “El Picacho has great exploration potential for large-tonnage, bulk minable gold deposits, and higher-grade, vein-hosted deposits. We had previously dropped our option on the Project, but it was readily reinstated. In turn, we are very pleased to assign our rights to Tocvan in exchange for royalty interests that may begin cash flowing in a relatively short time period.”
Sable Resources Ltd. is pleased to present the Company’s planned exploration activities covering multiple projects located in the well-endowed Miocene Mineral Belt of San Juan in Argentina and along the Central Mexico Silver Mineral Belt.
Equinox Gold Corp. is pleased to announce the results of a Pre-Feasibility Study for an expansion at the Company’s 100%-owned Aurizona Gold Mine located in Brazil. By mining the underground and satellite open-pit deposits concurrently with the existing Piaba open-pit, the expansion would extend the Aurizona mine life to 11 years with average annual production of 137,000 ounces of gold per year and total life-of-mine production of 1.5 million oz of gold.
Altaley Mining Corporation is pleased to announce that its common shares are now trading on the OTCQX Best Market under the ticker symbol of ATLYF.
Kootenay Silver Inc. is pleased to announce the results of its annual and special meeting of shareholders held on September 15, 2021.
Due to the inadvertent inclusion of certain tax and depreciation expenses in its calculations, the Company reported the AISC to be US$489.3 million LOM, and US$1,462 per ounce of gold equivalent. The corrected amounts, as reported in the table below, are US$437 million LOM, and US$1,351 per oz. AuEq.
Derek Wood CEO of Tocvan Ventures Commented “We are very please to have negotiated and completed this agreement with Millrock. This is a prime example of the ability of Tocvan to negotiate transactions which we believe add significant accretive value to Tocvan shareholders, while allowing previous operators and landowners to benefit greatly from a successful outcome as Tocvan works to de-risk the property toward economic viability. We like to create win-win opportunities for all stake holders and feel that we have accomplished this with execution of this agreement.”
Nomad Royalty Company Ltd. is pleased to announce, further to its press release dated August 30, 2021, that it has closed its previously announced amended revolving credit facility for US$125 million with the option to increase to US$150 million, subject to satisfaction of certain conditions.
Chris Ritchie, President, commented, “SilverCrest has adopted a successful systematic and responsible phased approach focused on capital efficiency and risk mitigation. Our team has had tremendous success defining a high grade primary silver resource and reserve and positioning Las Chispas to enter production less than seven years from the first drill hole at the project.”
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.
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