Riverside’s President and CEO, John-Mark Staude, stated: “We are in a good position for the New Year with a strong balance sheet, excellent projects and the key transactions that Riverside completed in 2023, setting us up now for an excellent 2024. To our knowledge, Riverside is one of the better positioned companies, compared to our peers, to benefit from a potential incoming general commodities sector upside.”
Eric Caba, President and CEO of Bear Creek, states, “We are extremely pleased that the efforts we have made at Mercedes to improve production are finally bearing out, with a 47% increase in gold production in Q4 compared to Q3 2023. Q4 2023 saw month-over-month improvements culminating in an output of 5,198 gold ounces in December 2023 – the highest monthly level of gold production at Mercedes since April 2019. We have had to go back to fundamental basics in the mine and focus on increasing development, managing costs, and placing key talent in the right positions.”
Goldgroup Mining Inc. is pleased to announce it is in the process of arranging convertible debt financing of up to USD $400,000 of which USD $100,000 has already been received.
“First Majestic finished 2023 on a strong and positive note, despite the challenges endured earlier in the year, and I would like to congratulate the team on their hard work and efforts,” said Keith Neumeyer, the Company’s President & CEO. “Santa Elena had a stellar year with production reaching a record 9.6 million AgEq ounces while maintaining high safety standards. We are enjoying the dividends from the investments we made at Santa Elena over the last few years, and we are thrilled with these achievements.”
Oroco Resource Corp. is pleased to announce the closing of a non-brokered private placement raising gross proceeds of $1,454,302.80 through the sale of 3,635,757 units at a price of $0.40 per unit.
The Camino Rojo Oxide Mine produced a record 34,484 ounces of gold during the fourth quarter and 121,877 ounces of gold for the full year 2023, exceeding the increased gold production guidance range of 110,000 to 120,000 ounces. Gold sold was 31,300 ounces during the fourth quarter and 118,993 ounces for the full year.
Prime Mining Corp. announces that CEO Daniel Kunz is retiring effective February 1, 2024, and Mr. Scott Hicks, EVP, will succeed him as Chief Executive Officer at that time and has been appointed to the Board of Directors effective today.
Orex Minerals Inc. announces that it has closed its non-brokered private placement in only one tranche as previously announced on November 28, 2023. As announced on December 20, 2023, the Company previously issued 1,225,000 units at a price of $0.15 per Unit for aggregate gross proceeds of $183,750 under the Offering.
Barksdale Resources Corp. announces that it has filed a further amended and restated copy of the offering document related to the Company’s private placement originally announced December 20, 2023 in respect of its offering of common share units in the capital of the Company at a price of $0.40 per Unit, which was conditionally approved by the TSX Venture Exchange on January 5, 2024.
Heliostar Metals Ltd. is pleased to announce it filed its updated mineral resource estimate for the Ana Paula Project located in Guerrero, Mexico. The Updated Mineral Resource Estimate was completed by Rita Teal and Lewis Teal, Qualified Persons with Teal CPG Inc.
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