Jorge A. Ganoza, President and CEO, commented, “In the fourth quarter Fortuna delivered strong free cash-flow from ongoing operations of $65 million compared to $70 million in the third quarter. The Company also achieved record gold equivalent production of 136,154 ounces and record sales of $265.3 million, representing increases of 6% and 9% respectively compared to Q3.”
Reyna Silver Corp. is pleased to announce that, due to investor demand, it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement previously announced on February 14, 2024 and amended February 26, 2024, and its previously announced concurrent non-brokered private placement to purchasers pursuant to other applicable exemptions under NI 45-106.
On March 6, 2024, a significant development unfolded in a Colorado federal court as the judge overseeing a long-standing arbitration dispute involving mineral exploration company DynaResource Inc. decisively rejected the company’s request to reconsider or amend a 2022 contempt order.
“In fiscal 2023, we set clear objectives for our operations. These included commissioning the Magino mine on schedule, stabilizing Florida Canyon which had underperformed for several years, and reviewing and optimizing our Mexican operations. Presently the Magino mine is steadily progressing through the ramp-up period. Both the Florida Canyon mine and our Mexican mines had a strong year, exceeding the upper end of production guidance on a combined basis by 9%.”
“Randy will be missed as a colleague, friend and contributor to the mining and investment community. We share in the sorrow which his passing brings to all who knew him,” said Jeffrey Clevenger, the Company’s Chairman of the Board.
Bruce Smith, Radius Gold President and CEO, commented: “We were pleased to deploy the joint geological team to initiate our maiden drilling program at Plata Verde. This project has many of the qualities that companies look for when assessing the potential to make a discovery.”
“Following a very successful start-up and ramp-up phase in 2023, the Juanicipio Mine is now operating at steady-state with robust silver grades and operations beginning to benefit from increasing efficiencies,” said George Paspalas, President and CEO of MAG. “With the release of our updated technical report on the horizon, we’re eager to paint an even clearer picture of the exciting future ahead for Juanicipio and MAG Silver.”
Newmont Corporation and Newcrest Finance Pty Limited, a wholly owned subsidiary of Newmont announced today that they have priced a private offering of $1 billion aggregate principal amount of 5.300% notes due 2026 and $1 billion aggregate principal amount of 5.350% notes due 2034.
Ernesto Balarezo, CEO of Sierra Metals, commented, “We are very excited to have Astolfo join Sierra. He brings a deep passion to the role where he will enhance the strong health and safety standards in place throughout the Company helping us achieve our aim to become best in class.”
CAPITAN SILVER CORP. is pleased to announce that with the support of its large shareholders it intends to raise C$1.5 million, by way of a non-brokered private placement of 10 million common shares at a price of C$0.15 per Share.
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