Tarachi Gold Corp. is pleased to present an update on the progress of its Magistral Mill and Tailings Project in Mexico as well as other ongoing corporate development initiatives.
Excellon Resources Inc. is pleased to announce the appointment of Shawn Howarth to the role of President and Chief Executive Officer, effective July 28, 2022. Mr. Howarth will be appointed to the Board following the Company’s Annual General & Special Meeting on August 12, 2022.
“All three of Hecla’s operating mines delivered solid performances during the second quarter, driven by expected increased silver production at Lucky Friday and gold production at Casa Berardi, while Greens Creek had a very solid and consistent quarter,” said Phillips S. Baker, Jr., President and CEO.
Great Panther Mining Limited, a growth-oriented precious metals producer focused on the Americas, announces that the Company will undertake a share consolidation of its common shares on the basis of one post-Consolidation for every 10 pre-Consolidation Shares.
Orla Mining Ltd. today is pleased to provide an interim operational update for the second quarter ended June 30, 2022.
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.
“First half production results exceeded plan, so we are well positioned to exceed our guidance for the year. The exceptional ore grades at Guanacevi have put us in this position. While it’s has been gratifying to see grades reach new highs, we expect grades to align with or be slightly above plan for the second half of the year.”
The Financing will now consist of a total of up to 40,300,000 subscription receipts at a price of C$0.33 (equivalent to approximately US$0.256) per Subscription Receipt for gross proceeds of up to C$13,299,000 (equivalent to approximately US$10.3 million), subject to the Agents’ option to increase the size of the Financing by up to an additional 15% or 6,045,000 Subscription Receipts at any time up to 48 hours prior to closing of the Financing.
The Final Tranche was comprised of 1,530,000 units of the Company issued at a price of $0.20 per Unit for aggregate gross proceeds of $306,000.
SSR Mining Inc. is pleased to announce that it has closed the sale of the Pitarrilla project in Durango, Mexico to Endeavour Silver Corp. following the receipt of all required regulatory approvals and satisfaction of all closing conditions. As consideration for the sale, SSR Mining received US$35 million in cash, US$35 million in shares of Endeavour Silver, and a 1.25% net smelter return royalty on the Pitarrilla property.
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