“We continue to build our cash and working capital position,” reported Robert Eadie, CEO of the Company. “We hope to have results of the exploration progress we have made utilizing our $2million additional budget to explore our properties as well as to expand development and resources at the San Martin mine.”
Ranchero Gold Corp. announces that it has terminated its marketed public offering that was previously announced on July 21, 2022 due to market conditions.
Great Panther Mining Limited reports that it has a received a letter from the New York Stock Exchange notifying the Company that as a result of the filing of a notice of intention to make a proposal under the Bankrupcy and Insolvency Act and in accordance with the NYSE American Company Guide, NYSE Regulation has determined that the Company’s common shares will be delisted from the NYSE American LLC.
N. Eric Fier, CPG, P.Eng, and CEO, stated, “We are extremely proud of how our team and contractors having navigated the construction process and transition to commissioning, which remains on track at Las Chispas. We remain focused on managing risk and are happy to have the financial flexibility to address the challenges and opportunities that will come our way”.
Riverside’s President and CEO, John-Mark Staude: “The Oakes Project had previously only seen two drillholes, so we are very encouraged to see our first set of shallow holes include multi-gram gold intercepts that demonstrate the interpreted vertical gold bearing structures continue at modest depths.”
Great Panther Mining Limited announces that it has signed a non-binding Letter of Intent with Newrange Gold Corp. to sell 100% of the Company’s Peruvian subsidiaries, Great Panther Silver Peru S.A.C. and Great Panther Coricancha S.A.C., which hold the Coricancha Mine in Peru, for a total purchase price of US$750,000 payable in cash.
At the Cosalá Operations, as limited exploration drilling was conducted on the property the M&I mineral resources are almost unchanged year-over-year. The Company recently reinterpreted historic geophysical information and, after incorporating new data from an IP survey completed this summer, has identified seven major IP/Mag anomaly trends on property near San Rafael and EC120. A 17-hole drill program is planned to test this area.
“Having a safe and successful commissioning is crucial and we are respectful of the prudent approach being taken by the regulators in Mexico,” said George Paspalas, MAG’s President and CEO. “Whilst we await the final tie-in, we are pleased with Juanicipio’s continued strong operating performance and increased processing opportunities at Fresnillo’s Saucito and Fresnillo facilities.”
“We continue to make good progress to complete the tie-in of the new Juanicipio mine to the national grid and I am pleased that we are a step closer to achieve this important milestone. We have undertaken extensive testing work to ensure tie-in proceeds smoothly.”
“The Company is at an inflection point, where to continue growing we need to capitalize on opportunities that drive additional value. A spin-out of Silver City would fit that strategy and provide Excellon shareholders with direct exposure to district–scale exploration focused in a historically prolific mining region.”
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