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.”
Major growth projects at the Yauricocha Mine include the expansion of the tailings dam and sinking of the Yauricocha shaft. At the Bolivar mine, growth will be focused around the expansion of plant capacity and the integration tunnel which will link the mine to the mill, creating efficiencies and cost reduction by eliminating truck haulage of ore to the mill. Both projects are planned for completion by the end of Q4 2022.
“The ELG Underground continues to impress, with Proven & Probable Reserves up 20% in 2021 following a 15% increase in 2020. The net increase in underground Reserves primarily reflects the extensive infill drill campaign carried out in 2021, with the intent on upgrading Inferred Resources to the Measured and Indicated categories.”
The principal objectives for use of the net proceeds of the Offering are to pay the US$35 million cash consideration payable to SSR Mining Inc. at closing in respect of the Company’s acquisition of the Pitarrilla project in Durango State, Mexico and for the Company’s general corporate purposes and working capital.
La minera consigue así la primera autorización que se entrega en México para que pueda aprovechar la innovación tecnológica en la extracción de metales, en principio con el desarrollo de una red LTE que mejorará primero las comunicaciones dentro y fuera de sus minas por el poder de penetración y cobertura de la banda de los 700 MHz.
Oroco Resource Corp. is pleased to announce that the private placement offering announced March 10, 2022 has been oversubscribed and the Company is no longer accepting new subscriptions.
All smelted material at our Mexican Smelter is being converted to purified antimony metal for sale. This is a 3-stage process converting the ore firstly to crude antimony oxide, secondly to crude antimony metal, and finally to purified antimony metal in ingot form.
Mexico Mining Center © 2021 / All Rights Reserved
