Category: Investor’s Corner

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.

First Majestic Announces Financial Results for Q4 2023, FY2023, and Deferral of Silver Sales

The Company generated annual revenues totaling $573.8 million in 2023, or 8% lower compared to 2022, primarily due to the temporary suspension of mining activities at Jerritt Canyon in March 2023. As a result, the Company realized a 10% decrease in the total number of payable AgEq ounces sold, which was partially offset by an increase in payable AgEq ounces produced at Santa Elena, combined with a 4% increase in the average realized silver price.

Kootenay Silver Closes Final Tranche of Oversubscribed $3.7 Million Private Placement

Kootenay Silver Inc. announces that it has closed the second and final tranche of its previously announced (see news releases dated February 1, 5 and 16, 2024) non-brokered private placement of units of the Company at a price of $0.75 per Unit for aggregate gross proceeds of $237,525. The Company received total aggregate gross proceeds of $3,720,587 from the Offering.

Bear Creek Mining Announces Appointment Of Zoya Shashkova As CFO

Eric Caba, President and CEO of Bear Creek states, “I am pleased to welcome Zoya Shashkova to the Company. Her deep understanding of finance and accounting will be invaluable as we continue to develop and grow Bear Creek. Zoya’s meticulous style and “boots on the ground” approach will add significant value to the management team.”

Newmont Completes COO Transition

Beginning next week, Rob Atkinson will transition all of his remaining responsibilities to Newmont’s new COO, Natascha Viljoen. He will then officially step down from the Newmont Executive Leadership Team, effective May 2, 2024.

Silver Tiger Provides Update on Progress of Pre-Feasibility Study

Silver Tiger’s CEO, Glenn Jessome, stated, “We are excited to announce that initial results are both confirming and expanding the near-surface potential ‘Starter Pit’. These promising assay results help to further de-risk the project in conjunction with the underway PFS-level geotechnical and metallurgical studies.” Mr. Jessome further stated, “We also continue the work to deliver a PEA for the permitted underground MRE during H2-2024.”

Minera Alamos Announces Santana Operations 2024 Outlook

“Last year was challenging for both our operations and our shareholders. However, we are optimistic that 2024 will see significant positive advancements at the Santana gold mine,” stated Darren Koningen, CEO. “A newly modelled approach to the development of Santana utilizing the existing leach pad capacity will allow mining and stacking operations to increase significantly from 2023 levels.”

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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.