“2024 marked a pivotal year for Orla, with record production from Camino Rojo and the addition of the Musselwhite Mine expanding our footprint into Canada. While detailed guidance will be provided in the second quarter, we expect that adding Musselwhite production will more than double 2024 production. We intend to continue to invest in growth and exploration across the entire portfolio.”
The Company intends to use the net proceeds raised from the Private Placement for Cerro Prieto mine improvements, Pinos Project preliminary economic assessment update, debt reduction and general working capital.
Ernesto Balarezo, CEO of Sierra Metals, commented, “I am very pleased to report that the investments we have made in our business units have resulted in record production levels for Sierra Metals. The operational enhancements have strengthened our financial position and will enable the Company to pursue sustainable growth safely and responsibly.”
“This quarter represents a return to full production and it is reflected in good earnings from mining operations of $2.1million and positive cash flow,” reported Robert Eadie, CEO of the Company. “With the finalization of the carbonaceous ore tests, we expect further increase in monthly metal production going forward.”
In aggregate, the Company issued 2,623,066 Units in the third closing for aggregate gross proceeds of CAD$196,729.95.
The 2024 Mercedes Report supports the updated Mercedes Mineral Resource and Mineral Reserve estimates announced by the Company on January 29, 2025.
Apollo Silver Corp. is pleased to announce that it has engaged Danayi Capital Corp. an arm’s-length service provider, to provide the Company certain investor relations and digital marketing services in accordance with the policies of the TSX Venture Exchange and applicable securities laws.
Silver Bull Resources, Inc. has released its quarterly financial report for the period ending January 31, 2025. The company continues to focus on exploring its properties, specifically the Sierra Mojada Property in Mexico, amidst ongoing financial and operational challenges.
“We believe Daniel will make a valuable contribution to the Company as we continue to advance our relationships and operations in Mexico and fulfill our vision of becoming the leading primary silver company in the world.”
The Offering is for the sale of up to 10,000,000 units at a price of $0.025 per Unit, for total gross proceeds of up to $250,000.
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