The Company intends to use the net proceeds of the Offering to fund capital expenditures and continued exploration of the Company’s Santa Daniela project, as well as for working capital and general corporate purposes, all as described in more detail in the Prospectus.
Fabled Silver Gold Corp. is pleased to announced that as of July 21, 2022 it closed the first tranche of a non-brokered private placement previously announced on June 23, 2022 and has issued 5,940,000 units at a price of C$0.07 per Unit for gross proceeds of C$415,800.
Guanajuato Silver Company Ltd. is pleased to announce the closing of its equity financing of subscription receipts at a price of C$0.33 (equivalent to approximately US$0.256) per Subscription Receipt announced on June 29, 2022
Tony Makuch, Interim CEO, states: “We significantly expanded our ESG efforts in 2021. We increased the size of our ESG team with the hiring of key personnel including a Sustainability Manager, Environmental Coordinator and Social Coordinator, all of whom are Mexican nationals.”
“The second quarter was transformational for Great Panther with the announcement of the agreement to sell our Mexican assets,” stated Alan Hair, Chair and Interim CEO of Great Panther. “Divesting these assets allows us to channel our resources towards the Tucano Gold Mine where we believe the most value can be created for investors and other stakeholders.”
“We realized a solid quarter of production from Platosa in Q2,” stated Brendan Cahill, President and Chief Executive Officer. “As we reach the final stages of mining from Platosa, we see greater variability in ore produced, which affects grades and recoveries to some extent. We are continuing to mine at a consistent rate, though still foresee the wind-down of operations in the current quarter, with preparations well underway.”
“In the second quarter we saw strong production of 7.7 million silver equivalent ounces, a 20% increase year-over-year,” said Keith Neumeyer, President and CEO. “In the second half of 2022, we anticipate a further 25% production increase in our total silver equivalent ounces. This increase in production is being propelled by significant growth at both the Santa Elena and Jerritt Canyon operations.”
First Majestic Silver Corp. announces it has entered into an equity distribution agreement with BMO Capital Markets and TD Securities pursuant to which the Company may, at its discretion and from time-to-time until June 18, 2023, sell, through the Agents, such number of common shares of the Company as would result in aggregate gross proceeds to the Company of up to US$100.0 million.
Regarding the drill program, Dr. Craig Gibson, President and CEO of the Company, said: “We are pleased to be able to commence our plan to drill holes to intersect the Palos Verdes vein at significantly deeper levels than the previous drilling. We will be able to test the vein several hundred meters underneath the surface exposures.”
Carlos Silva, CEO of Santacruz, stated; “The second quarter was the first full quarter of results from the recently acquired Bolivian Operations. At our Mexican Operations, commencing Q3 we expect to see increased production from new stopes and a reduction in lower grade mineralized material from development works, which should positively impact AISC at the Zimapan Mine.”
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