The Company believes that it will be able to file its annual report on Form 10-K for the year ended December 31, 2021, and its quarterly report on Form 10-Q for the quarter ended March 31, 2022 in the second half of 2022.
Raman Randhawa, Capstone’s SVP and CFO commented, “The successful closing of our amended revolving credit facility, which has been right-sized for Capstone Copper along with improved terms and conditions will provide greater financial flexibility to support the execution of our future growth projects.”
Newmont Corporation today announced that its Board of Directors declared a dividend of $0.55 per share of common stock for the second quarter of 2022, payable on September 22, 2022 to holders of record at the close of business on September 8, 2022.
The Company intends to use the net proceeds of the Offering to fund capital expenditures and continued exploration of the Company’s Santa Daniela project, as well as for working capital and general corporate purposes, all as described in more detail in the Prospectus.
Fabled Silver Gold Corp. is pleased to announced that as of July 21, 2022 it closed the first tranche of a non-brokered private placement previously announced on June 23, 2022 and has issued 5,940,000 units at a price of C$0.07 per Unit for gross proceeds of C$415,800.
Guanajuato Silver Company Ltd. is pleased to announce the closing of its equity financing of subscription receipts at a price of C$0.33 (equivalent to approximately US$0.256) per Subscription Receipt announced on June 29, 2022
Tony Makuch, Interim CEO, states: “We significantly expanded our ESG efforts in 2021. We increased the size of our ESG team with the hiring of key personnel including a Sustainability Manager, Environmental Coordinator and Social Coordinator, all of whom are Mexican nationals.”
“The second quarter was transformational for Great Panther with the announcement of the agreement to sell our Mexican assets,” stated Alan Hair, Chair and Interim CEO of Great Panther. “Divesting these assets allows us to channel our resources towards the Tucano Gold Mine where we believe the most value can be created for investors and other stakeholders.”
“We realized a solid quarter of production from Platosa in Q2,” stated Brendan Cahill, President and Chief Executive Officer. “As we reach the final stages of mining from Platosa, we see greater variability in ore produced, which affects grades and recoveries to some extent. We are continuing to mine at a consistent rate, though still foresee the wind-down of operations in the current quarter, with preparations well underway.”
“In the second quarter we saw strong production of 7.7 million silver equivalent ounces, a 20% increase year-over-year,” said Keith Neumeyer, President and CEO. “In the second half of 2022, we anticipate a further 25% production increase in our total silver equivalent ounces. This increase in production is being propelled by significant growth at both the Santa Elena and Jerritt Canyon operations.”
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