“The Company had a strong operational start to the year, despite a 17-day operating shutdown in Mexico in February,” stated Americas President and CEO Darren Blasutti.
Excellon Resources Inc. is pleased to announce a non-brokered private placement of up to 28,571,428 subscription receipts of the Company at a price of C$0.35 per Subscription Receipt for aggregate gross proceeds to the Company of up to approximately C$10,000,000.
“The first quarter results are aligned with our 2023 production guidance, which anticipates higher silver output in the first half of 2023 compared with the second half of 2023, due to planned grade reductions. Our priorities continue to focus on mine debottlenecking and plant optimization. We are also focused on advancing mine life extension opportunities including accelerating definition drilling on the mineralization recently discovered at depth in the new South-East Deeps zone, and continuing exploration of the extensive land package in the highly prospective Los Gatos district.”
“The initiation of the environmental permitting process at Cerro de Oro marks the culmination of a tremendous amount of work completed by the Minera team and our external consultants. We are thrilled to be moving down the path to bring a new gold mine to the State of Zacatecas, supporting the local economy and local stakeholders who have been extremely supportive since the Company acquired the Cerro de Oro project in the fall of 2020” stated Doug Ramshaw, President.
During the first quarter of 2023, the Camino Rojo Oxide Mine produced 25,910 ounces of gold and sold 26,752 ounces of gold.
“Hecla’s silver mines delivered another strong operational quarter with new milestones achieved at both Greens Creek and Lucky Friday,” said Phillips S. Baker, Jr., President and CEO.
Discovery Silver Corp. is pleased to announce that it has entered into an agreement with Clarus Securities Inc. and Cormark Securities Inc. on behalf of a syndicate of agents pursuant to which the Company intends to issue up to 37,500,000 common shares in the capital of the Company at a price of C$1.20 per Common Share for gross proceeds of up to approximately C$45,000,000 million.
“Our 2023 annual production at the Don David Gold Mine is off to a good start. This achievement is due to mining higher average grades as a result of targeted infill drilling and mine sequencing,” stated Allen Palmiere, President and CEO.
Bruce Smith, President & CEO, states: “We are pleased with the progress at Plata Verde and look forward to completing the Option Agreement with Fresnillo and moving on to drill test the compelling targets promptly.”
Jody Kuzenko, President & CEO of Torex, stated: “We had an excellent start to 2023, with first quarter production of 122,918 ounces driven by record throughput in the processing plant and another quarterly record established on mining rates at the El Limón Guajes Underground.”
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