The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, and for working capital.
“Q1 2021 operating cash flow of $95 million was the strongest in our fifteen-year history as a producer. Excellent operating performance and cost containment in a higher copper price environment surpassed our expectations,” said Darren Pylot, President and CEO of Capstone.
The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.
The Offering was led by Beacon Securities Limited as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters including Echelon Wealth Partners Inc.
Ridgestone Mining Inc. is pleased to announce the engagement of Marc Jutras of Ginto Consulting Inc. to prepare an independent National Instrument 43-101 mineral resource estimate for the Guadalupe y Calvo gold-silver project in Mexico.
A perfect storm is driving copper prices to their highest level in a decade, and analysts said it’s only a matter of time before the industrial metal surpasses its all-time highs from February 2011.
Jorge A. Ganoza, President and Chief Executive Officer of Fortuna, commented: “With Roxgold we are acquiring a complete business platform which brings: i) low-cost gold production; ii) a permitted Feasibility stage development project; iii) a robust exploration pipeline; and iv) key members of a seasoned executive team of proven mine builders, developers, and explorers in West Africa.”
Carlos Silva, CEO of Santacruz stated, “Closing the transaction and acquiring outright ownership of the Zimapan Mine marks a new era for Santacruz that will help pave the road for the continuation of the Company’s growth. Beyond the mineralized zones currently being mined, management believes there is great untapped potential contained in the Zimapan mine’s 5,000 hectares of mining claims.”
Only stockholders of record and beneficial owners of shares of Gatos Silver common stock as of the close of business on April 1, 2021, the record date, may attend and participate in the Annual Meeting, including voting and asking questions during the virtual meeting.
“The closing of the VPP Royalty is a major positive step for Telson and the Campo Morado Mine and will increase revenue at Campo Morado on an ongoing basis.”
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