Category: Investor’s Corner

Chesapeake Gold Corp. has initiated legal proceedings against the Dirección General de Minas of Mexico with the Federal Court of Administrative Justice in the state of Durango, Mexico in response to the DGM’s cancellation of the San Vicente 3 mineral concession. The San Vicente 3 mineral concession is one of 12 mineral concessions comprising the Metates property, representing 700 hectares of the 4,260 hectares in the Metates project, and encompasses a portion of the Metates mineral resource.

“Argonaut’s first quarter financial results were in line with plan and reflect the transformation of our production base as we continue winding down our high-cost, low-grade Mexican mines, while preparing for first gold pour at our new flagship Canadian operation.”

Kenneth MacLeod, President and CEO of Sonoro, stated, “The private placement will provide sufficient capital to complete several key steps in the development of the proposed mining operation including permitting, land agreements and condemnation drilling.”

Canasil Resources Inc. announced on April 27, 2023, that the Company had applied to the British Columbia Securities Commission for a temporary management cease trade order under National Policy 12-203 Management Cease Trade Orders. The application was due to the expected delay in filing the Company’s audited financial statements for the financial year ended December 31, 2022, and the management’s discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period before the May 1, 2023, filing deadline.

Jody Kuzenko, President & CEO of Torex, stated: “We are pleased to be one of the first mid-tier gold producers to enter into a Sustainability-Linked Loan. We see this as an opportunity to lead and support the shift in the markets towards connecting the cost of capital with performance excellence on matters that are critical to the reputation and success of our company and our industry.”

First Majestic Silver Corp. is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2023.

Using 74% (Plomosas Mine Area) as the silver recovery rate instead of 94% (San Marcial Area) in the denominator of the Ag Eq calculation, while using 94% recovery rate in the numerator, mistakenly resulted in increasing the Ag Eq grade and, consequently, in the Ag Eq ounces for the San Marcial Area.

“We are very excited that Sun River now has the most important permit in hand so that ground preparation work can finally begin on our Tailings Project in El Oro,” says Joanne Freeze, President and CEO of Xali Gold.

Angel Wing Metals Inc. announces it has completed its previously announced non-brokered private placement for 23,635,000 common share units of the Company at a price of C$0.11 for total gross proceeds of C$2,599,850.

Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold’s 2022 ESG Report summarizes our responsible mining commitments and management approach to key ESG issues. We also published our inaugural Climate Action Report in February and expect to publish our first Water Stewardship Report later this year.”