Eric Caba, President & COO, states “Mercedes has delivered on our Q1 2023 guidance estimates but has faced significant headwinds in recent months including inflationary pressures, significant strengthening of the Mexican Peso against the US Dollar, and areas of operating performance that still have room to improve.”
“We are delighted to have entered into this agreement, which provides a fully funded and single source solution to meet the capital expenditure requirements for the Company’s planned new gold mine upon the successful receipt of permits.”
“The Sierra Metals Board of Directors is very pleased to secure Mr. Balarezo and Mr. Fernández-Baca as CEO and CFO of the Company,” said Oscar Cabrera, Chair of Sierra Metals’ Board of Directors. “Both accepted their interim roles at a challenging time for the Company and demonstrated tremendous leadership in stabilizing and optimizing our operations.”
“Our decades of commitment to the environment, communities where we operate and accessibility of our stakeholders have made Hecla a leader in ESG,” said Hecla President and Chief Executive Officer Phillips S. Baker, Jr.
Golden Tag Resources Ltd. is pleased to announce it received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica on May 25, 2023, for the previously announced acquisition of the La Parrilla Silver Mine Complex.
Anthony Hawkshaw, CEO, comments “Restructuring, for up to five years, the Deferred Payment immediately improves the Company’s working capital position by more than US$25 million. As importantly, the reduced monthly interest and principal repayments better allows Bear Creek to aggressively explore and develop Mercedes for the long-term benefit of our stakeholders”.
Radius Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 11,149,983 units at a price of $0.175 per unit, for gross proceeds of $1,951,247.
When the reverse stock split becomes effective, every 25 shares of the Company’s issued shares of common stock will be combined into one share of common stock without any action on the part of the Company or its stockholders.
“This refinancing is an important step in the Company’s return to sustainable, long-term growth,” said Ernesto Balarezo, Interim Chief Executive Officer, Sierra Metals.
Alamos Gold Inc. today reported a summary of the voting results of its Annual General Meeting of Shareholders. The Company is also announcing the retirement of Kenneth Stowe from the Board of Directors, and the appointment of Shaun Usmar.
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