Category: Investor’s Corner

“2022 was an important transition year for McEwen Mining. Our Fox operation in Timmins showed the largest improvement from 2021, with a 22% increase in gold production, 8% lower cash costs per ounce and steady all-in sustaining costs per ounce. Our operation in Nevada has now transitioned production to our Gold Bar South pit, a new mining contractor has been instated, and production is increasing,” commented Rob McEwen, Chairman and Chief Owner.

Jorge A. Ganoza, President, CEO and Director of Fortuna, commented, “Once again, the Court has agreed with our legal arguments and has granted us protection against this troubling and repeated attempt by SEMARNAT to affect an EIA they themselves granted to the Company only 13 months ago.”

Silver Viper Minerals Corp. is pleased to announce that it has closed the first tranche of its $3 million private placement announced on March 9, 2023, issuing 6,550,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of $655,000.

“Greg has been a key member of our senior management team for more than a decade having led our finance team with his financial expertise and strong leadership skills.”

N. Eric Fier, CEO, commented, “We are very pleased with the operating and financial performance of the Las Chispas Mine since achieving commercial production in Q4, 2022. During ramp-up, we exceeded many of the 2021 Feasibility Study targets including process plant recoveries, plant availability, and the target date to declare commercial production which led to an outperformance of recovered ounces in 2022.”

With Mr. Smith’s retirement, the Company is pleased to announce that Mr. Jamie Porter will be joining Agnico Eagle effective as of May 1, 2023, in the position of Executive Vice President, Finance & Chief Financial Officer.

Sierra Metals Inc. announced today that the Company, Banco de Credito del Peru and Banco Santander S.A. are engaged in advanced discussions on terms to refinance $18,750,000 of the $25,000,000 principal debt repayment obligations that are due in 2023 under the Company’s senior secured credit facility.

Bear Creek Mining Corporation is pleased to announce that, further to its news release dated October 26, 2022, it has revised the terms of the heads of agreement with Equinox Gold Corp. to amortize over a two-year period payment of the final US$25 million purchase price installment for the Mercedes Gold Mine in Sonora, Mexico.

“We are pleased to publish our first TCFD-aligned report, demonstrating our longstanding commitment to transparency and disclosure on sustainability issues that matter to our stakeholders,” says Dan Dickson, CEO.