“We are very excited to be partnering with a local Mexican mining group who will not only provide both the investment and expertise to make the SDA Plant fully operational but also provide the initial gold and silver bearing mineralization to process,” says Joanne Freeze, President and CEO of Xali Gold.
The Company intends to use the net proceeds from the Offering to acquire and advance the Ana Paula development stage, gold project as well as for working capital and general corporate purposes.
“I am very pleased with our team’s efforts to deliver production results in line with our guidance for 2022. Q4 2022 results were led by strong production at Shahuindo and La Arena, as expected,” said Michael Steinmann, President and Chief Executive Officer.
Regency Silver Corp. is pleased to announce an updated resource estimate for its wholly owned Dios Padre Gold-Copper-Silver project in the state of Sonora, Mexico.
Allen Palmiere, President and CEO said “Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance.”
“We had an internal production estimate between 2.2 and 2.4 million silver equivalent ounces, and we beat the high end of that by over 250,000 silver equivalent ounces. This steady production reflects the quality of the Avino Mine asset as well as the mine site team’s ability to continually improve operations.”
James Anderson, Chairman & CEO said, “With the Cata mill now operational, Guanajuato Silver adds a third processing facility to our growing inventory of operating assets.”
Jody Kuzenko, President and CEO of Torex, stated: “We expect 2023 to be pivotal in the evolution of Torex Gold as we continue to execute on several key strategic initiatives, including advancing and de-risking Media Luna, optimizing and extending ELG, as well as growing reserves and resources.”
Gold production for the fourth quarter of 2022 totaled 29,301 ounces, a 19 percent decrease year-over-year. Lower gold production is attributed to an 8 percent decrease in tonnes and a 23 percent decrease in gold grade for ore placed on the pad, compared to the fourth quarter of 2021.
Pursuant to the Private Placement, the Company issued 5,700,000 common shares at a price of $0.10 per share, for aggregate gross proceeds of $570,000, which are being allocated to existing working capital and capex needs of the Company.
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