Chief Executive Officer, Daniel Kunz commented, “2023 is a big year for Prime, with release of the upcoming mineral resource estimate and a planned initial 35,000-metre drilling program.”
MAG Silver Corp. announced today that it has completed its previously announced bought deal public offering and has issued 2,905,000 common shares including 170,000 Common Shares issued upon the partial exercise of the over-allotment option, at a price of US$14.65 per Common Share for gross proceeds of US$42,558,250.
Mel Herdrick, Vice President of Exploration added “The SRK analysis and estimation of Cerro Caliche resources has been completed to very high standards so that Sonoro can move confidently forward with advancing the project towards production.”
“Alamos Gold was founded 20 years ago this month with a market capitalization of less than $50 million, the Mulatos project, and a vision. Today, Alamos is a growing, diversified intermediate gold producer with a market capitalization of more than $4 billion, and a long-term track record of creating value for all of our stakeholders.”
Newmont’s proposal to combine with Newcrest is on the basis of 0.380 Newmont shares per Newcrest share, which would result in the combined company being 30 percent owned by Newcrest and 70 percent owned by Newmont.
Reyna Silver Corp. is pleased to announce that, in connection with its previously announced “bought deal” private placement of units, the Company has entered into an amended agreement with Eight Capital, as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters pursuant to which the Corporation has increased the size of the private placement to 21,668,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of C$6,500,400.
Heliostar Metals’ shares remain in a trading halt due to our acquisition of Ana Paula from Argonaut Gold.
Tony Makuch, CEO, commented: “Our graduation to the main board of the Toronto Stock Exchange reflects the significant progress we have made in advancing our Cordero silver project and the resulting growth and maturity of our Company.”
GR Silver Mining Ltd. announces today that it has accepted the resignation of Jonathan Rubenstein from the Board of Directors of the Company.
Paddy Nicol, Orogen’s CEO, commented: “Orogen’s project generation business continues to produce transactions focused on partner-funded exploration activity and royalty creation. Despite the challenging equity market, our junior exploration partners have spent over $5 million to advance our projects with encouraging results coming from Nevada.
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