First Majestic Silver Corp. is pleased to announce the Company’s unaudited condensed interim consolidated financial results for the second quarter ended June 30, 2024.
“During Q2 2024, the construction of the Terronera project continued to make excellent progress, with significant advance of the upper plant platform surface infrastructure. Staying on track for Q4 2024 commissioning reflects our team’s planning, execution and dedication while ensuring financial stability and operational momentum.”
As previously disclosed, the Company does not have sufficient resources to meet its expected cash needs over the next twelve months. As of June 30, 2024, the Company had cash and cash equivalents of approximately $1.4 million. On the same date, it had accounts payable and other current liabilities of approximately $4.8 million.
“All business units continue their activities and no material operational or financial impact has been experienced or is foreseen. This will be assessed on an ongoing basis until the situation is resolved,” reads the notice.
“We continue to deliver strong and reliable operational results which, combined with higher gold prices, drove record operating margin and free cash flow for the third consecutive quarter. As a result of the excellent performance of our operations through the first half of 2024, we are highly confident we will achieve our full year production and cost guidance,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
Sonoro Gold Corp. is issuing the following news release as a result of a review by the British Columbia Securities Commission to correct potentially misleading disclosures contained in corporate presentations posted on the Company’s website and emails distributed to an investor relations contact list, related to its Cerro Caliche project located in the municipality of Cucurpe, Sonora, Mexico, held by the Company’s Mexican subsidiary, Minera Mar De Plata, S.A. de C.V.
Octavio Alvídrez, Chief Executive Officer, commented: “I am pleased to report an increase in profitability over the period, driven by a steady production performance combined with careful cost management and higher gold and silver prices.”
Vizsla Royalties Corp. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of C$4,967,498. A total of 82,791,636 common shares of the Company have been issued at a price of C$0.06 per Share.
Defiance Silver Corp. is pleased to announce that it has closed the second and final tranche on July 26th, 2024 of its previously announced non-brokered private placement offering of units of the Company at a price of C$0.20 per Unit with the issuance of 3,043,575 Units for gross proceeds of C$608,715.
Barksdale Resources Corp. is pleased to announce the closing of the second and final tranche of its previously announced non-brokered private placement offering of units of the Company with the issuance of 14,674,683 Units for gross proceeds of $2,201,202.45.
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