Ernesto Balarezo, Interim CEO of Sierra Metals, commented, “Production during the first quarter of the year indicates that we are beginning to realize the benefits of our plan to optimize all aspects of our operations. On a consolidated basis, we achieved a 28% increase in copper equivalent production over the last quarter and a 13% increase over the first quarter of 2022.”
Mr. Barry commented, “After years of frustration as a result of Mexican governmental agencies allowing this illegal blockade to destroy the significant value in our Sierra Mojada project, we are confident in our prospects for success in the arbitration, and firm in our resolve to create value for our shareholders.”
The Final Tranche was comprised of 19,222,200 units of the Company issued at a price of $0.10 per Unit for aggregate gross proceeds of $1,922,200. In total, the Company raised $3,299,998 pursuant to the Offering, having previously closed tranches on March 13 and 24, 2023 that raised an aggregate of $1,377,798.
“Newmont recognizes that achieving our purpose to create value and improve lives through sustainable and responsible mining, requires a strong commitment to accountability and transparency,“ said Tom Palmer, Newmont President and CEO.
“During the quarter, our Mexican operations saw strong production as a result of higher silver grades and overall plant performance,” said Keith Neumeyer, President & CEO. “At our San Dimas and La Encantada mines, each operation experienced double-digit increases in silver grades as well as higher plant throughputs.”
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil and an option to earn a 100% interest in Canasil’s Nora property.
Pursuant to the agreements, Silver Dollar will provide Canasil with a $200,000 non-interest-bearing loan in return for a two-month exclusivity period to conduct due diligence on the assets of Canasil and an option to earn a 100% interest in Canasil’s Nora property.
“With first concentrate production ushering in the next chapter for Juanicipio, we are extremely proud of the progress that has been achieved as it graduates to a high-quality, low-cost, tier-1 silver producer,” said George Paspalas, President and CEO of MAG.
Gatos Silver, Inc. announced that, further to its announcement on April 17, 2023 that the Company intends to delay the filing of its Annual Report on Form 10-K, it received today a notice from the Toronto Stock Exchange stating that the TSX has commenced a review of the Company’s eligibility for continued listing pursuant to Part VII of the TSX Company Manual.
Tony Makuch, CEO, commented: “We appreciate the support of our existing institutional shareholders and we welcome the new institutional investors who participated in this financing. We are now in a very strong financial position to advance Cordero to a potential construction decision through delivering on key de-risking milestones along with our ongoing feasibility study work.”
Mexico Mining Center © 2021 / All Rights Reserved
