“We are delighted to report a solid first quarter for 2022 and the achievement of a major milestone in the evolution of Minera Alamos as the ramp-up has advanced to the point where gold production for the quarter is sufficient for the Company to be cash-flow neutral at the corporate level.”
Fortuna believes that the mining sector has a key role to play in reducing global greenhouse gas (GHG) emissions, as well as in supporting the transition to a lower carbon economy by supplying critical minerals and metals to advance low emission technologies and solutions.
“Parral continues to provide meaningful cash flow contributing to the general and administrative costs and the Los Ricos exploration budget,” said Brad Langille, President and CEO. “Parral continues to be a steady source of cash flow while the Los Ricos project is the major driver of shareholder value for the Company.”
“Once again, our team in Mexico has delivered on two significant milestones: our first full quarter of gold production and achieving commercial production on time,” said Andrew Cormier, Chief Operating Officer of Orla Mining.
“Reduced cash flow from operations in Q1 has placed McEwen Mining in a challenging position which we needed to overcome. I have invested a further $15 million by way of an unsecured Promissory Note so that we can implement corrective action.”
Rick Trotman, President and CEO of Barksdale stated: “I’m very happy to announce this major milestone at San Antonio, a core portfolio holding located a few kilometers southeast of the Company’s Sunnyside property. We acquired San Antonio from Teck in 2019 as we saw clear indications of a potentially large porphyry copper system and after several years of diligent effort, we are now excited to drill test the target.”
“We are delighted with the excellent contractors and team working with Riverside on our Oakes exploration campaign, completing the program safely and finding encouraging geology and sulfide zones.”
Canuc Resources Corporation is pleased to announce the closing of non-brokered Private Placement for gross proceeds of $450,000 CAD.
Mexus Gold US announced that it is aggressively pursuing a qualified mining company to joint venture with at its Santa Elena mine in Caborca, MX. To assist with this endeavor Mexus is seeking a CEO with the right experience to help manage and bring Mexus’ three properties into production.
As announced in the Notice, the Company is focused on producing a new life-of-mine plan and updating its mineral resources and mineral reserves following its January 25, 2022 announcement regarding a reduction in metal content of its previously stated mineral reserve figures.
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