Oroco Resource Corp. is pleased to announce that it has closed a fully subscribed non-brokered private placement raising gross proceeds of $1,750,000 through the sale of 2,692,308 units at a price of $0.65 per unit.
Tony Makuch, CEO, states: “We have made excellent progress on our Feasibility Study (FS) during Q2 2023 and subsequent to quarter end. The reserve expansion and definition program component of our FS drill program is now complete with results demonstrating the potential to expand reserves at Cordero at what is already one of the world’s largest undeveloped silver reserves of 266 million ounces.”
Greg McKenzie, President & CEO of Golden Tag, said, “Today is an exciting day for Golden Tag as we acquire the past producing La Parrilla Silver Mine Complex. We now have two very high-quality silver projects located in close proximity to each other within Durango State. The La Parrilla processing plant has the capability to support both projects. We would like to welcome our new team members in Mexico, and First Majestic as our newest and largest shareholder.”
Golden Tag President & CEO, Greg McKenzie commented, “Our inaugural Mineral Resource Estimate at La Parrilla is a major milestone for the Company. All Mineral Resources reported today are in close proximity to existing underground development and related infrastructure necessary to support eventual potential extraction. La Parrilla remains a high-quality silver mine where FMS has produced 34.3 million silver-equivalent ounces between 2005 and 2019, when the Complex was placed on care and maintenance because silver prices averaged approximately US$16/oz, in addition to low commodity prices for lead and zinc.”
Barksdale Resources Corp. announces that it has granted incentive stock options to its directors, employees and consultants, exercisable to purchase up to 1,305,000 common shares in the capital of the Company until August 14, 2026 at an exercise price of $0.59 per share.
Guanajuato Silver Company Ltd. regrets to report an employee fatality that occurred on Saturday, August 12, due to an accident at the San Ignacio mine in Guanajuato, Mexico.
Ernesto Balarezo Valdez, CEO of Sierra Metals, commented, “The second quarter of 2023 delivered strong operating and financial performance. Our Bolivar mine had record copper equivalent production for the quarter and far exceeded our expectations on costs. Our other core operation, the Yauricocha mine, continued its positive trend of quarter-over-quarter production increases.”
The lender has provided the Company with a cash loan of USD $20,000.
“Production and per ounce costs are largely on plan for the first half of the year, placing the Company on track to meet its full year production and cost guidance targets set at the beginning of the year. We continue to ramp up the mill at Magino to steady-state and are expecting to achieve commercial production in the third quarter of this year. The plant has been running at or above nameplate throughput capacity when operating,” stated Marc Leduc, Chief Operating Officer of Argonaut Gold.
Santacruz Silver Mining Ltd. is announcing that effective immediately, Carlos Silva Ramos, is stepping down from his role as CEO and Director of Santacruz, due to personal reasons.
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