Category: Investor’s Corner

Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $700,000.

The proceeds from the Private Placement will be used to fund growth activities at the Company’s mines at Yaruicocha, Peru and Bolivar, Mexico, and for strategic capex and general working capital purposes.

Guanajuato Silver Company Ltd. is pleased to announce that it has completed its previously announced shares-for-debt transaction totalling C$937,065.60 through the issuance of 2,928,330 common shares, including 468,750 Shares issued to one non-arms-length parties to settle of indebtedness totalling C$150,000.

“Our operations continued to deliver strong performance during the quarter and we’re on track to meet our 2023 guidance,” said Keith Neumeyer, President & CEO. “We are extremely pleased with the production trajectory at Santa Elena, with Ermitaño’s metal recovery and mill throughput reaching another quarterly record in Q3, combined with high silver and gold grades. Over the past years, we deployed several projects and technologies at Santa Elena which are now paying off and we are excited about the future of this operation.”

“Silver production continues to grow with almost a million ounces more this year compared to the first three quarters last year,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Despite less production at the Lucky Friday, Greens Creek’s consistent performance and the ramp-up of Keno Hill should allow us to be within our 2023 guidance of 14.5 to 15.5 million ounces.”

“The third quarter was challenging as the team pushed through the final months of the high strip, low grade phase of the open pit mine plan, which continued to require the processing of lower-grade and stockpiled material to top up the mill. As a result, quarterly gold production was 85,360 oz, which is lower than what was planned.”

“Recognizing the strategic rationale to create the industry’s strongest portfolio of world class gold and copper assets, Newmont’s shareholders overwhelmingly voted in favor of this transformational transaction,” said Tom Palmer, Newmont’s President and Chief Executive Officer.

Pan American Silver Corp. today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.

At San Antonio, Osisko Development will continue its efforts on the remaining stockpile processing, which was expected to be completed in the third quarter. The company awaits next steps from the government of Mexico with respect to the permitting process.