Guanajuato Silver Company Ltd., a growing Mexican-based precious metals producer, announces that over 3,000,000 ounces of silver-Equivalent have now been produced at the El Cubo mill; this significant milestone has triggered the last remaining contingent payment owed to Endeavour Silver Corp. as part of the purchase of the El Cubo mine and mill complex located in Guanajuato, Mexico.
“Vizsla Silver remains committed to sustainable practices to support positive change in our industry and beyond,” commented Michael Konnert, President and CEO. “This Report is a testament to our efforts and dedication to forge a responsible future for the environment, our people and the communities in which we operate.”
“I am very pleased to welcome Sunny to the Prime Board,” stated Murray John, Chair of the Board of Directors. “As an Independent Director, Sunny brings a wealth of financial, mining and executive experience to Prime. We are looking forward to working with her as the Management team advances the Los Reyes Project.”
Dale Andres, CEO of Gatos Silver, said: “We continue to deliver on CLG’s growth potential through disciplined optimization of our assets and successful near-mine resource expansion and conversion. The 2024 LOM Plan represents our second consecutive multi-year mine life extension with the current mine life now extended to the end of 2032 in conjunction with higher mill throughput rates, which are now expected to exceed design capacity by 40% starting in mid-2025.”
Vizsla Silver Corp. is of 25,000,000 common shares of the Company at a price of C$2.60 per Initial Share the underwriters have purchased an additional 3,750,000 common shares of the Company at the Offering Price per Additional Share, pursuant to their exercise in full of the over-allotment option granted by Vizsla Silver, generating additional gross proceeds of C$9,750,000.
Bruce Smith, Radius Gold President and CEO, commented: “The Tierra Roja copper mineralization and alteration system is compelling and comparable to the surface exposure of other significant porphyry copper deposits discovered in the coastal Peruvian copper belt. We are excited to get to work immediately and advance this project. With the shift of focus to Peru, Radius has a pipeline of new projects under evaluation and expects to be able to deliver new projects in the coming months.”
As previously disclosed, due to certain complexities associated with the acquisition of the La Parrilla assets, the accounting and audit process remains ongoing at this time.
An American quarry company said Tuesday the Mexican government carried out a de facto expropriation of its properties on Mexico’s Caribbean coast.
Chief Financial Officer, Ken Scott commented, “This marks a significant financial milestone for Sierra Madre. The Guitarra team is continuing to do a great job of incrementally increasing the daily production rate.”
Florida-based deep-sea mining company Odyssey Marine Exploration has won a lawsuit against Mexico after the country rejected its environmental permits and shutdown its project without legitimate cause.
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