Greg Smith, President and CEO of Equinox Gold, commented: “As expected, gold production in the third quarter increased meaningfully from production in the second and first quarters. Costs, however, were higher than expected as the result of persistent global inflationary pressures coupled with lower than planned production.”
Sierra Madre Gold and Silver Ltd. is pleased to announce that, further to the Company’s news release dated May 25, 2022, the Company has entered into an amended and restated share purchase agreement dated October 28, 2022 with First Majestic Silver Corp. in respect of its previously-announced acquisition of a 100% interest in the 39,714-hectare La Guitarra Silver-Gold Property in the Temascaltepec mining district, Mexico through the purchase of all the issued and outstanding shares of La Guitarra Compania Minera S.A. de C.V., a wholly-owned indirect Mexican subsidiary of First Majestic.
Ryan McIntyre, President of Maverix, commented, “We are thrilled to see several of our royalty counterparties announce positive operational updates contributing to our impressive GEO sales this quarter, highlighted by the continued operating success at Camino Rojo as well as further encouraging drilling results at Beta Hunt and Eskay Creek.”
Kootenay Silver Inc. is pleased to announce that the Company has increased the size of its previously announced best efforts private placement (as detailed in the Company’s news releases dated October 18, 2022 and October 24, 2022) from $4,000,000 to $4,347,826 from the sale of up to 48,309,179 units of the Company at a price of $0.09 per Unit.
“The resource estimate is being updated now in connection with our on-going work to secure project financing,” said Sonoro’s President and CEO, Kenneth MacLeod. “We continue to successfully proceed through the environmental permitting phase to facilitate our primary strategy of launching Cerro Caliche into production.”
Xali Gold Corp. is pleased to announce that it has increased its ownership in the SDA Plant in Western Mexico to 50% by issuing shares to Magellan Acquisition Corp.. In addition, the Company has started to receive advance Net Profits Interest payments from Sun River Gold for the El Oro Tailings Project in Mexico.
“Newmont delivered solid third quarter production of 1.5 million gold ounces as we build momentum for strong production in the fourth quarter. Newmont remains well-positioned to respond to the challenging market environment that our industry faces today.”
Allen Palmiere, President and CEO said “The implementation of safety programs has been our top priority in 2021 and 2022 to address ground support and ventilation issues. The disciplined approach had an impact on production volumes, mine development and exploration. With that said, we are still on track to meet our 2022 guidance.”
Silverton Metals Corp. is pleased to announce that the board of directors of the Company has approved a change of the Company’s name to “Lodestar Battery Metals Corp.”
The LOI outlines indicative terms for a proposed: (a) business combination of Kolpa and Sierra Metals; and (b) concurrent financing by an investment firm.
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