As previously reported, in December 2019, the Company successfully disposed of its former Mexican operations and, as a result, avoided costly obligations that would otherwise exist.
Silver Tiger CEO, Glenn Jessome states, “We are very confident that our exploration and development at our El Tigre project will be of great interest to silver investors worldwide. We are very pleased to be trading on the OTCQX which will increase our visibility and accessibility to our current and prospective U.S. and global shareholders.”
Pursuant to an option agreement dated August 7, 2020 between First Majestic and Silver Dollar, First Majestic has acquired ownership and control of 5,146,401 Shares, representing approximately 14.9% of the outstanding Shares.
“We are pleased to welcome Peter Jones as the new Chairman of Reyna Silver. He brings a tremendous amount of experience over a long and successful career which will be critical as we grow.”
The proceeds from the Private Placement are expected to be used by the Company to purchase underground equipment for its Zimapan property and for general working capital and corporate purposes.
The Copper Mark is a new, comprehensive assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals (SDGs).
The royalties provide exposure to five flagship gold assets owned and operated by growth-oriented mining companies. The portfolio includes royalties on Camino Rojo and Ana Paula in Mexico, Cerro Blanco in Guatemala, and Mother Lode and Imperial in the United States.
Dan O’Flaherty, CEO of Maverix, commented, “This transaction marks another important milestone in our continued growth at Maverix.”
Chris Wright, Executive Chairman & CEO, commented: “We want to thank our capital partners for their support of Defiance. The loan enabled us to minimize shareholder dilution during a tough market, while the proceeds from our recently closed financing have enabled us to repay the debt and have sufficient working capital moving forward.”
Fresnillo plc announces that it has hedged 7% of the Company’s 2021 silver production, capitalising on the unique market conditions, where current spreads have presented an opportunity to limit downside risk while retaining significant upside exposure to future silver price increases.
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