Regency Silver Corp. is pleased to announce that it has closed a further $253,500 of a previously announced non-brokered private placement of $800,000.
Commenting on the closure of operations in Latin America, Mr. Gary C. Evans, Chairman and Co-CEO of U.S. Antimony stated, “Based upon a thorough review of historical financial numbers of our Mexican operations, which was only possible after retention of a new CFO mid-year 2023, it became painfully obvious that these operations have always been unprofitable.”
N. Eric Fier, CEO, commented, “2023 marked a successful first full year of commercial production at Las Chispas, with the Operation exceeding the high end of sales guidance, beating the low end of AISC guidance, delivering impressive operating margins of 61%, and generating $121.1 million in free cash flow. We are extremely proud that within seven months of declaring commercial production we became debt free, after repaying $50.0 million in debt in the first half of 2023.”
Goldgroup Mining Inc. is saddened to report a fatality at its Cerro Prieto mine in Sonora, Mexico late evening local time March 5, 2024. In an isolated incident a mining contractor’s dozer operator was fatally injured while operating a D8 dozer.
Kootenay Silver Inc. is pleased to announce that the Company has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects on its 100% owned La Cigarra Project located in the Parral Silver District of Chihuahua State, Mexico, titled “Mineral Resource Estimate Update for the La Cigarra Ag-Pb-Zn Project, Chihuahua State, Mexico” with an effective date of November 29, 2023.
Defiance Silver Corp. is pleased to report that no appeal has been filed in connection with the favorable ruling of the Mexican Court restoring the Company’s rightful ownership to the mining concessions forming part of the Tepal project. As a result, the judgement is now fully enforceable, and Geologix Explorations Mexico, S.V de C.A, a subsidiary of the Company, is now confirmed as the legitimate and rightful owner of the concessions.
Jorge A. Ganoza, President and CEO, commented, “In the fourth quarter Fortuna delivered strong free cash-flow from ongoing operations of $65 million compared to $70 million in the third quarter. The Company also achieved record gold equivalent production of 136,154 ounces and record sales of $265.3 million, representing increases of 6% and 9% respectively compared to Q3.”
Reyna Silver Corp. is pleased to announce that, due to investor demand, it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement previously announced on February 14, 2024 and amended February 26, 2024, and its previously announced concurrent non-brokered private placement to purchasers pursuant to other applicable exemptions under NI 45-106.
On March 6, 2024, a significant development unfolded in a Colorado federal court as the judge overseeing a long-standing arbitration dispute involving mineral exploration company DynaResource Inc. decisively rejected the company’s request to reconsider or amend a 2022 contempt order.
“In fiscal 2023, we set clear objectives for our operations. These included commissioning the Magino mine on schedule, stabilizing Florida Canyon which had underperformed for several years, and reviewing and optimizing our Mexican operations. Presently the Magino mine is steadily progressing through the ramp-up period. Both the Florida Canyon mine and our Mexican mines had a strong year, exceeding the upper end of production guidance on a combined basis by 9%.”
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