“2023 was another strong year for Torex as we continued to demonstrate our ability to deliver operational excellence at ELG while making significant progress on building our future at the Media Luna Project. We closed 2023 on a high note with Q4 marking the second strongest quarter of production on record driven by new throughput and mining records achieved at our processing plant and at ELG Underground.”
“The Company finished 2023 on a high note, highlighted by a significant step-up in production levels at the newly expanded Rochester mine in Nevada and a record cash flow year at the Wharf mine in South Dakota,” said Mitchell J. Krebs, President and Chief Executive Officer. “Kensington also delivered a solid fourth quarter to complete a strong second half.”
Bear Creek Mining Corporation announces that Mr. Fernando Ragone has informed the Company of his intent to resign as Chief Financial Officer effective March 8, 2024 in order to pursue an alternative career opportunity.
Vizsla Silver Corp. is pleased to announce that it has entered into an agreement with PI Financial Corp. as sole bookrunner and lead underwriter, on its own behalf and on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 20,000,000 common shares of the Company at a price of $1.50 per Share for aggregate gross proceeds of $30,000,000 excluding additional proceeds raised from the exercise of the Over-Allotment Option.
Dale Andres, CEO said: “During the fourth quarter we continued to add cash to the balance sheet, generated from another quarter of strong operational performance at the LGJV. All-in sustaining cost (“AISC”) per silver ounce was at the lower end of 2023 guidance thanks to improved operating efficiencies, which helped to offset inflationary cost pressures and the impact of the stronger Mexican peso.”
“Our global Mineral Reserve base continues to expand both in size and quality. This reflects not only another strong year of exploration success, but also the quality of our asset base. Global Mineral Reserves have increased for five consecutive years for a combined increase of 10%, after depletion of three million ounces, with grades also increasing 9% driven by higher-grade additions at Island Gold and PDA,” said John A. McCluskey, President and Chief Executive Officer.
N. Eric Fier, CEO, commented, “2023 marked a successful first year of commercial production with Las Chispas exceeding its inaugural sales guidance, leading to full repayment of our debt and a $54.4 million or 107% increase in treasury assets. Despite continued cost pressures we are proud to be delivering sales and cost guidance that is in line with our 2023 Technical Report. In 2024 we will continue to pursue capital allocation opportunities including exploration, share buybacks, and growth of our bullion holdings.”
Oroco Resource Corp. is pleased to announce the closing of a non-brokered private placement raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.
Sonoro Gold Corp. is pleased to announce that it has closed the first tranche of its previously announced C$1,000,000 non-brokered private placement by issuing 11,028,429 units at a price of C$0.05 per Unit, for gross proceeds of C$551,421.
Kootenay Silver Inc. announces that it has closed the first tranche of its previously announced non-brokered private placement of units of the Company at a price of $0.75 per Unit for aggregate gross proceeds of $3,483,062.
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