Prime Mining Corp. announces that CEO Daniel Kunz is retiring effective February 1, 2024, and Mr. Scott Hicks, EVP, will succeed him as Chief Executive Officer at that time and has been appointed to the Board of Directors effective today.
Orex Minerals Inc. announces that it has closed its non-brokered private placement in only one tranche as previously announced on November 28, 2023. As announced on December 20, 2023, the Company previously issued 1,225,000 units at a price of $0.15 per Unit for aggregate gross proceeds of $183,750 under the Offering.
Barksdale Resources Corp. announces that it has filed a further amended and restated copy of the offering document related to the Company’s private placement originally announced December 20, 2023 in respect of its offering of common share units in the capital of the Company at a price of $0.40 per Unit, which was conditionally approved by the TSX Venture Exchange on January 5, 2024.
Heliostar Metals Ltd. is pleased to announce it filed its updated mineral resource estimate for the Ana Paula Project located in Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal, Qualified Persons with Teal CPG Inc.
Orogen Royalties Inc. is pleased to provide an update and forecast on its prospect generation portfolio and partner-funded exploration for 2024.
Greg Smith, President & CEO of Equinox Gold commented: “Strong fourth quarter results capped off a good year for Equinox Gold. With 564,500 ounces of gold produced, we achieved our full-year production guidance. We also continued to advance Greenstone on budget and on schedule. Installation activities were effectively complete at December 31 and commissioning is underway to pour gold in the first half of 2024.”
Rodrigo Barbosa, Aura’s President and CEO commented, “We have made considerable progress in the fourth quarter, with production enhancements across multiple operations and achieved our highest quarterly production in 2023, reaching 69k GEO. Production at Apoena significantly improved once we reached again the Ernesto pit and pushed some of the higher grades to early 2024. At Minosa, we stabilized the mine and achieved four consecutive quarters of production improvements. At Aranzazu, we maintained a high performance level during the quarter, with stable production.”
“We finished 2023 with another strong quarter, achieving the top end of our increased annual guidance with record production of 529,300 ounces of gold. This represented a 15% increase from 2022, at lower costs, driving a record financial performance and strong free cash flow, all while continuing to invest in high-return, low-cost growth,” said John A. McCluskey, President and Chief Executive Officer.
Shawn Howarth, President and CEO, commented, “While 2023 was challenging on several fronts, Excellon remained resilient. Our transition from silver production in Mexico allows us to now focus on high quality exploration at Kilgore and Silver City. The deconsolidation of wholly owned San Pedro Resources, together with the restructuring of the Convertible Debentures, when completed, is anticipated to remove approximately $40 million in liabilities from Excellon’s balance sheet.”
“2023 was another year of significant advancements of the Los Ricos district. In less than five years, we have taken the district from having no resources to having 186 million silver equivalent ounces of measured & indicated resources and 87 million AgEq ounces of inferred resources. We also completed two preliminary economic assessments in each of Los Ricos South and Los Ricos North which showed a combined total NPV of US$871M for the district.”
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