Guanajuato Silver Company Ltd. is pleased to report that in conjunction with its recent acquisition of Minera Mexicana El Rosario S.A. de C.V. from Great Panther Mining Limited, the Company has closed a US$5M concentrate pre-payment facility with Ocean Partners UK Limited, a metals off-take and trading firm.
Carlos Silva, CEO of Santacruz, stated; “Our second quarter financial results include the first full quarter of contributions from our Bolivian operations. The transition process is advancing well as Santacruz has strong and committed management teams in both Bolivia and México.”
Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.025 per common share.
Angel Wing Metals Inc. is pleased to announce the appointment of Ms. Alexandria Marcotte, P.Geo to its Board of Directors effective immediately.
Fred Davidson, President & CEO of IMPACT, stated, “The combination of dramatically lower silver prices this quarter due to inflation-induced rate hikes worldwide, and our higher development expenditures at the San Ramon and the Guadalupe mines, resulted in a tough quarter financially.”
Millrock President & CEO, Gregory Beischer, commented: “Prevailing market challenges make an equity financing difficult and raising capital in this manner would be highly dilutive to shareholders. Sale of non-core assets is the best way to bolster Millrock’s treasury for continued project generation activities, while we wait for assay results to roll out from two major Alaska gold drilling projects in which Millrock holds an interest.”
“Rex has been a Director of Endeavour Silver for 15 years and we have benefitted tremendously from his guidance during this time,” said Dan Dickson, CEO of Endeavour Silver. “He has been instrumental in the evolution of the Company and exemplifies our vision in sustaining growth for all of our stakeholders.”
Tony Makuch, Interim CEO, states: “Our PFS metallurgical test results demonstrate the exceptional metallurgical properties of our Cordero deposit. Recoveries typically ranged from 85-95% at an extremely coarse grind size of ~210 micron. On average sulphide recoveries came in higher than what was assumed in our PEA and were achieved at significantly reduced reagent consumption highlighting the potential for reduced operating costs for our PFS.”
American Potash Corp. KCL-CSE is pleased to announce that effective today, the Company has changed its name from New Tech Minerals Corp. to “American Potash Corp.”
“The result of this updated 43-101 report is that exploration efforts are continuing to assure the mine life growth at San Martin,” stated Salvador Garcia, COO of Starcore.
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