Beyond the New Bill’s goals to shorten concession durations, restrict concessions to a single type of mineral, eliminate the mining industry’s preferential status and establish new grounds for concession revocation, it may also create several unintended consequences and challenges for the sector.
Fresnillo continues to analyse the Reform in detail; however, at this stage, the Company does not believe it will have any material impact on its current operations or advance exploration projects.
The Company announces the appointment of Mr. Peter Meredith as Lead Independent Director, and the resignation of Mr. George Brack, who had previously served as Capstone’s Board Chair and most recently, Lead Independent Director. Capstone also welcomes Patricia Palacios as a new Independent Director.
“This quarter we completed a series of large financing transactions involving shares of our McEwen Copper subsidiary, which has increased the market value attributable to our copper business to $550 million (for 100%) from $257 million at the conclusion of the prior financing round in August 2022. As 52% owner, McEwen Mining shareholders are benefitting from this value accretion, which validates the strategy we set out in July 2021 to surface value from Los Azules by funding it independently,” said Rob McEwen, Chairman and Chief Owner.
Discovery Silver Corp. is pleased to announce its financial results for the first quarter ended March 31, 2023, and to provide a summary of key events for the quarter and subsequent to quarter-end.
ALORO MINING CORP. is pleased to announce that through its Mexican subsidiary, Exploraciones Aloro, S.A. DE CV has signed the formal documentation, in Mexico, with Cuesta Del Cobre, S. De R.L. De C.V. of Hermosillo, Sonora, Mexico to acquire 100% of the Quitovac Gold Mine Project.
GR Silver Mining Ltd. today outlined its vision to continue resource growth on its wholly owned Plomosas Silver Project in Sinaloa, Mexico, through the remainder of 2023, including an update on exploration plans and corporate initiatives.
“We’re thrilled to have filed an updated 43-101 Technical Report for our Peñasco Quemado Project in Sonora, Mexico,” said Lowell Kamin, President, CEO & Chairman of the Board of Lodestar.
Prior to the sale of the Aztec Shares, Kootenay beneficially owned and had control over approximately 11.85% of the outstanding Aztec Shares. As a result of the disposition, Kootenay’s ownership of the Aztec Shares decreased to 7,601,500 Aztec Shares, representing approximately 8.02% on a non–diluted basis.
Pan American Silver Corp. today announced that, in connection with the previously announced consent solicitations of Yamana Gold Inc., a wholly-owned subsidiary of Pan American, holders of a majority of the aggregate principal amount outstanding of each of Yamana’s 4.625% Senior Notes due 2027 and Yamana’s 2.630% Senior Notes due 2031 have delivered consents to amend the reporting covenant of the indenture governing those Notes, as contemplated by the previously announced consent solicitations.
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