The Board is also pleased to announce the appointment of Carlos E. Santa Cruz and Oscar M. Cabrera to the Board, effective immediately. Messrs. Cabrera and Santa Cruz have been appointed following the resignation of two directors earlier this year.
“Our overall performance in 2021 has been solid, and this quarter was no different. With 358,780 ounces produced through to the end of September, we are well on track to achieve the upper end of the guided range of 430,000 to 470,000 ounces in 2021. Importantly, these ounces continue to be delivered safely, with no lost time injuries during the quarter.”
“We continue to advance our strategic objective to de-risk and advance Media Luna, which includes execution of our early works program to access the deposit from both the north and south sides of the Balsas River, continuation of the infill drilling program, and advancement of the permitting plan. Importantly, we are also well on track to deliver the Media Luna Feasibility Study as part of a broader Technical Report to be released in Q1 2022.”
Galore Resources Inc. is pleased to announce that that it has arranged a non-brokered private placement to raise gross proceeds of up to CDN $800,000.00.
McEwen Mining Inc. reports consolidated production for Q3 2021 was 32,100 gold ounces and 792,000 silver ounces, or 42,900 gold equivalent ounces compared to 30,400 GEOs in Q3 2020.
Tarachi Gold Corp. is pleased to announce a non-brokered private placement of up to 3,333,333 common shares at a price of $0.15 per Share to raise gross proceeds of up to $500,000.
“Parral in 2021 proved to be a very stable operation, producing 2.3 million silver equivalent ounces similar to the prior year, and generated in excess of $US 22 million in free cash flow over the year,” said Brad Langille, President and CEO. “We believe that the reinvestment of this free cash flow into the Los Ricos project is generating exceptional value growth for our shareholders.”
Allen Palmiere, President and Chief Executive Officer of GRC, said: “This Transaction offers an attractive opportunity to the shareholders of Aquila and GRC to develop the Back Forty Project using GRC’s strong balance sheet and cash flows.”
Managing Director, Matthew O’Kane commented, “I’m pleased to announce that Comet has adopted a universal ESG framework to measure and report our ESG performance. This will ensure ESG is at the forefront of our decision making moving forward as we execute our exploration programs on our portfolio of projects.”
Carlos Silva, Chief Executive Officer commented; “We have diligently tried to make the Rosario mine a profitable operation, but due to its narrow vein system and grade variability this is a challenging project.”
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