Category: Investor’s Corner

The proceeds from the sale of the CDE Flow-Through Shares will be used on development expenses on the Magino project as permitted under the Tax Act to qualify as CDE.

The Private Placement remains subject to acceptance of the TSX Venture Exchange and is expected to close immediately prior to or concurrent with the Company’s acquisition of the El Cubo mine and mill complex.

Allen Palmiere, President and CEO, said “Our Oaxaca Mining Unit delivered solid production results during a demanding 2020 amid the global pandemic. While COVID-19 is expected to remain a challenge in the short to medium term, our team has done an admirable job managing the situation. The Company finished the year with a strong balance sheet, including $25.4 million in cash, which provides us with flexibility as we move to reinvest capital in Mexico to increase the productivity and the life of the operations.”

In view of the ongoing strategic review process announced by Sierra on January 8, 2021, the Company confirms that the strategic review process continues to have the full support of its Board of Directors, management team, Arias Resource Capital Fund II L.P. (now the Company’s largest shareholder) and Arias Resource Capital Fund II (Mexico) L.P.

GR Silver Mining President and CEO, Marcio Fonseca, commented, “we are very excited to have attracted a highly qualified geoscientist with extensive experience in large polymetallic silver mining districts and all key stages of successful exploration programs to join GR Silver Mining in Mexico. Dr. Catchpole’s knowledge and experience working in Latin America’s world class mining districts is a valuable component for the upcoming exploration program in our projects.”

“With the imminent closing of this financing, Mammoth will soon be mobilizing staff to the Tenoriba project to commence activities in preparation for the geophysical survey and other exploration works.”

“We would like to thank the Royalty Holder for working with us to improve the viability of the Biricu project,” stated Darrell Rader, President and CEO of Minaurum. “We look forward to unlocking the value of our significant but undervalued holdings located in the heart of the Guerrero Gold Belt.”

“First Majestic posted another strong year in 2020 despite the many challenges brought on by the COVID-19 pandemic and Mexico’s two-month national shutdown,” said Keith Neumeyer, President & CEO.

Silver Dollar Resources Inc. is pleased to announce Mr. Guillermo Lozano-Chávez has been nominated to join the board of directors and will stand for election at its upcoming Annual General and Special Meeting on February 25, 2021.