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.
United States Antimony (NYSE:UAMY) +5% in early trading Monday and up more than 40% since August 15 after China said it will impose export controls on some antimony products starting September 15, adding to measures imposed by the government since last year to curb shipments of strategic minerals.
Radius Gold Inc. and joint venture partner, Volcanic Gold Mines Inc. reports that Volcanic has fulfilled the modified Option Agreement and earned a 60% interest in Radius’s Holly and Motagua Norte Properties in Guatemala by spending US$7 million in exploration expenditures.
Dr. Hennigh commented: “I am delighted to join the board of Barksdale. The large potential of the Sunnyside Project is one of the most compelling exploration stories I have seen in my career.”
Processing has resumed at the Guanacevi mine site. Temporary modifications have been completed within the plant to re-purpose one of the regrind mills as the primary ball mill which is currently milling at a rate of 400 tonnes per day.
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