The net proceeds from the Offering will be used to fund the ongoing development of a proposed heap leach mining operation at the Company’s Cerro Caliche gold project in Sonora, Mexico. Funds will be allocated principally for permitting, land agreements, drilling and technical studies, and secondarily for corporate and general administrative expenses.
“Newmont delivered a solid first quarter performance with $1.4 billion in adjusted EBITDA as we safely managed through the Omicron surge. The strength of our proven operating model and global portfolio in the world’s best mining jurisdictions is the foundation of Newmont’s clear and consistent strategy to create value and improve lives through sustainable and responsible mining.”
Gatos Silver, Inc. today announced that it received a notice from the New York Stock Exchange stating that the Company was not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission.
Equinox Gold Corp. has completed the sale of its Mercedes Mine in Mexico to Bear Creek Mining Corporation as announced on December 17, 2021, for US$75 million, a deferred cash payment of US$25 million due within six months of the date hereof, a 2% net smelter return on Mercedes production and 24.73 million shares of Bear Creek Mining.
“We are extremely pleased to have acquired a producing gold-silver mine with a strong operating team, underlying assets with a replacement cost exceeding our purchase price and what we believe to be exciting “blue sky” exploration potential,” commented Anthony Hawkshaw, President and CEO.
This payment confirms Barksdale’s intention to continue with its existing option agreement on the 760-acre Four Metals project, located 3km south of the Company’s flagship Sunnyside project and 2km west of the 100% owned San Antonio project.
The amended terms will allow Tarachi to continue focusing exploration efforts and expenditures on the most favorable concessions including Jabali, San Javier, Juliana and La Texana while reducing both near- and medium-term cash obligations.
Con la reforma a la Ley Minera en México se le dio el tiro de gracia a la intención de la empresa canadiense Organimax Nutient Corporation de explotar litio en Coahuila; tenía en trámite la cuarta concesión más grande del país con 303 mil hectáreas.
The net proceeds from the Units will be used by the Company for working capital purposes related to the ramp-up of mining and milling operations at the Tahuehueto Mine and for general working capital purposes.
Magna Gold Corp. announces that, further to its news release dated March 18, 2022, the Company has issued an aggregate of 1,660,132 common shares in the capital of the Company at a deemed price of $0.76 per Common Share to PEAL de Mexico S.A. de C.V. in settlement of outstanding debt in the aggregate amount of US$1,000,000.
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