An unscheduled inspection at the mine conducted by the Mexican Labor Department identified safety standards that need to be met before resuming operations. The inspection followed a recent singular fatality at the mine, the first one in 18-1/2 years of Starcore’s record of zero fatalities in its mining operations at San Martin.
Chairman and CEO, James Anderson said, “The base shelf prospectus will provide Guanajuato Silver with maximum financing flexibility over the next 25-months as we look to continue the work of growing precious metals production at our four producing silver mines in Mexico.”
“We are pleased we are able to retain exposure to the future upside at the La Joya Project and add another royalty to our Company,” stated Letitia Wong, Plata Latina’s President and CEO.
Tony Makuch, CEO, commented: “We are pleased to be releasing our 2023 ESG report, which highlights the effectiveness of our people, both in Mexico and Canada, in achieving excellence in responsible mining. In everything we do, our aim is to successfully balance environmental, social, and economic considerations, generate long-lasting benefits for communities, minimize the impact on the environment, and add value for all stakeholders.”
The Draw represents US$375,000 in Additional Credit for each of July and August 2024 and will be used for continuing exploration work at Mercedes and general working capital purposes.
Jesus Noriega, interim Chief Executive Officer of Ranchero said, “The sale of Paika is a watershed moment for the Company, substantially reducing the liabilities of the Company and providing a platform from which we can focus our efforts on continuing to exploring the Pinchi Lake nickel project as well as opportunistically looking at new projects.”
The Company is currently evaluating various options to restart exploration work on our Nuevo Taxco Silver project located near the municipality of Taxco – the historical silver capital of Mexico. Work is targeted to commence in the third quarter of 2024.
Fred Davidson, President & CEO of IMPACT, stated, “During the second quarter, our team at Plomosas successfully met its objective of increasing production throughput following a substantive but continuing mine rehabilitation program. As we approach design capacity levels over the coming quarters, we expect to expand the mine’s development and increase high-grade production activity at site.”
Si el gobernador Alfonso Durazo negocia con el Gobierno federal que Sonora es un Estado de excepción para la minería a cielo abierto, nuestra entidad se salvará de no tronar en lo económico, en lo social y hasta en lo político.
Mr. Pryor is a distinguished geologist with a 40-year track record of successfully advancing multiple precious metal projects from discovery through to exploitation, including a position at the Electrum Group based in New York.
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