“We are excited about the acquisition of the Sarape Project, which has potential to be very similar to SilverCrest’s Las Chispas deposit and other robust deposits in Mexico and offers asymmetric upside potential for the discovery of silver and gold mineralization at depth,” stated Joanne Freeze, CEO of Xali Gold.
Heliostar CEO, Charles Funk, commented, “Q4 2024 was a strong start to production for Heliostar. From the close of the transaction on November 7, 2024, to the quarter end, our operating mines generated over C$9.5M in cash flow. The Company’s cash position grew to C$7.7M, and we made the first repayment of our acquisition debt, which has now been fully paid down. The Company also recognized a C$90.5M accounting gain on the independent valuation of our Mexican assets, demonstrating the accretive nature of the transaction. We proceed into 2025 with a strengthened balance sheet, growing production and high-grade exploration results from Ana Paula and La Colorada. We are well set to build Heliostar further in 2025.”
Defiance Silver Corp. has entered into an agreement with Triomphe Holdings Ltd. based in British Columbia, for investor relations and communication services.
“I am delighted to announce Empress achieved record revenue of US$8M in 2024,” stated Alexandra Woodyer Sherron, CEO of Empress Royalty.
Richard Simpson, Vice President Exploration of Mammoth Resources commented on the small-scale gold production opportunity, stating: “When we learned of the 200 tonne per day mill being built only 16 kilometres from Tenoriba, we immediately began thinking there might be an opportunity to process some surface and shallow depth gold-silver mineralized material from Tenoriba at this facility.”
Together with proceeds from the first tranche, the Company has raised aggregate gross proceeds of $1,112,735.
“This purchase is a testament to the success of our exploration discovery at Naranjillo,” commented Letitia Wong, Plata Latina’s President and CEO. “The cash brought in from this deal strengthens our balance sheet and greatly improves our competitiveness as we are actively seeking strategic growth opportunities.”
“We are excited to see our projects advancing, both through partnerships and our own exploration efforts,” commented John-Mark Staude, CEO of Riverside Resources. “As we attend PDAC in Toronto, we look forward to meeting with industry peers and showcasing our portfolio of gold, copper, silver and rare earth projects.”
Mr. Randy Reifel, Executive Chairman, commented: “We are excited Justin Black has joined Chesapeake’s technical team to advance the Company’s proprietary sulfide leach technology (Technology) to the next level by testing several refractory sulfide deposits which we believe the Technology can unlock significant economic value. Justin’s experience with the oxidation process will be a great asset in building shareholder value by capitalizing on a wide range of corporate opportunities.”
Mexican Gold Mining Corp. is pleased to announce it has now closed its previously announced a non-brokered private placement offering for aggregate gross proceeds of CAD $160,000 through the issuance of 4,000,000 units of the Company at a price of $0.04 per Unit.
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