Category: Investor’s Corner

Almaden to Pursue International Arbitration Against Mexico; Moves to Drop Mexican Lawsuits

Almaden Minerals Ltd. announces that further to its press release of March 14, 2024, it has taken the decision to submit its claims to arbitration against the United Mexican States under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. This decision comes after a consultation meeting held with Mexican officials on May 30, 2024 that did not result in an amicable resolution of the Company’s investment dispute with Mexico.

Osisko Development Amends US$50 Million Credit Facility

“The amendment of the credit facility provides us with additional financial flexibility as we continue to advance the Cariboo Gold project to shovel ready status, with permits expected in the Q3 2024, and explore opportunities to execute on our growth strategy,” commented Sean Roosen, Chairman and CEO.

Fortuna Completes Offering of Convertible Senior Notes

Fortuna Silver Mines Inc. has closed its previously announced offering of 3.75% convertible senior notes due 2029 in an aggregate principal amount of US$172.5 million which includes exercise of the full amount of the option to purchase an additional US$22.5 million aggregate principal amount of Notes.

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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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.