Category: Investor’s Corner

Reyna Silver Corp. is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 11,066,250 units of the Company at a price of $0.16 per Unit for gross proceeds of up to $1,770,600, increased from the previously announced 10,625,000 Units for gross proceeds of up to $1,700,000.

Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold’s 2023 ESG Report summarizes our responsible mining commitments and management approach to the ESG issues that matter most to our business and our stakeholders. We have dedicated significant effort over the last six years to ensuring our commitment to excellence in responsible mining creates the foundation for our corporate culture and business strategy.”

Rick Trotman, President and CEO of Barksdale, states, “The results of our PEA on San Javier outline a very simple operation with compelling economics. This base-case provides the foundation from which additional economic upside can be unlocked, such as the significant resource expansion opportunities at the Cerro Verde orebody, exploration upside at Mesa Grande and La Trinidad, and additional metallurgical testing to recover gold. In today’s market it’s rare to find a simple development project with such low upfront capital costs.”

Greg Smith, President and CEO of Equinox Gold, commented: “Equinox Gold had a good start to the year. We have continued to achieve strong performance on our safety and environmental targets, and gold production and costs during the quarter have us well positioned to achieve 2024 guidance.”

Jody Kuzenko, President & CEO of Torex, stated: “2024 is off to a solid start with production and costs tracking to full-year guidance. Operational results were in line with expectations, with quarterly gold production of 115,494 ounces at all-in sustaining costs of $1,202 per oz.”

“Cash flow from operations before working capital changes of $133.2 million in the first quarter reflects strong performance on production and costs, with silver and gold production in line with our expectations, and costs for both metals lower than expected,” said Michael Steinmann, President and Chief Executive Officer.

Alex Langer, Sierra Madre’s President and CEO, states: “After a thorough and extensive process, we are very pleased to announce this non-equity, non-dilutive financing. The Loan will allow us to complete all necessary steps for the possible restart of the fully permitted La Guitarra Silver and Gold mine.”

“The fourth quarter results and its increase over the third quarter confirm the good performance and positive changes experienced at San Martin Mine,” stated Salvador Garcia, Chief Operating Officer of the Company. “This has been a process which started in the last two years in developing a new geological model. As a result, new exploration targets have emerged and new ore bodies were discovered, some of good grade and others of high volumes of economical ore.”

“At Parral, we’re seeing the benefits of increasing production and rising metal prices, along with the successful addition of the SART zinc circuit. With our production anticipated to continue increasing in the coming quarters, we see it being a contributor to our strong balance sheet and ability to execute on our Los Ricos South project,” said Brad Langille, President and CEO.

Production of 5.2 million silver equivalent ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces, in line with the Company’s 2024 production guidance plan as management anticipates improvements in the second half of the year due to planned higher ore grades and throughput rates.