President and CEO Arturo Bonillas stated: “Since the Company’s inception, PEAL has been a strategic stakeholder and like all of our shareholders, a valued partner. Their request to amend the terms is a testament to their ongoing commitment and validation of our strategic focus in Mexico.”
“The financial results for 2021 do not reflect the current state of the Company,” stated Americas Gold and Silver President & CEO Darren Blasutti. “The reopening of the Cosalá Operations and return to full production combined with the increasing silver and zinc prices have greatly improved the Company’s financial position and will provide steady cash flow for the Company.”
Gatos Silver 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. The delay is due to the ongoing analysis by the Company of any potential impacts the reduction may have on its audited annual financial statements.
Sven Gollan joined the board as a new director of the Company replacing John R. Wilson.
“2021 was a monumental year for Orla as we constructed and poured first gold at Camino Rojo, our first mine,” said Jason Simpson, President and Chief Executive Officer of Orla. “As we ramp up gold production and cash flow generation, we will be answering, ‘What is next for Orla?’ through advancement of our rich pipeline.”
Upon closing the Transaction, the Company now holds 6,105,438 Shares which represents 16.00% of Infinitum’s issued and outstanding Shares, as of the closing date of the Transaction, on both a non-diluted and partially-diluted basis.
Altaley Mining Corporation announces that it intends to conduct a non-brokered private placement financing to raise gross proceeds of up to Cdn$5 million for working capital purposes related to the start-up of preproduction mining and milling operations at its 100% owned Tahuehueto Mine.
“Ongoing Brownfields exploration programs at San Jose, Lindero and Yaramoko will continue at pace in 2022 with 53,000 meters of drilling planned for the year aiming to grow the current resource base at these assets.”
“2021 was highlighted by many positive achievements for Avino, with our fourth quarter results showcasing the progress made in the restart of operations with meaningful earnings and free cash flow generation. It was a pivotal year in many respects as we restarted mining operations after an extended closure period, repaid our $10 million term facility to Samsung C&T UK, and announced the proposed acquisition of La Preciosa,” said David Wolfin, President and CEO.
“Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”
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