Kootenay’s President & CEO, James McDonald states, “Good to see more great results and important to note that more potential is opened up with the I Vein and newly recognized vein parallel to the B Vein. We are seeing some excellent results along B2 which remains wide open for expansion and will see a lot more drilling.”
Goldgroup Mining Inc. is pleased to announce that it has closed the non-brokered private placement previously announced on November 1, 2024.
“Despite the recent challenges of distressed capital markets for the precious metals sector as well as permitting delays in Mexico, we continue to maintain concession payments and advance the Cerro Caliche mine plan through the environmental review process,” said Kenneth MacLeod, Sonoro’s President and CEO.
NGSMEN RESOURCES LTD. is pleased to announce the closing of its non-brokered private placement financing announced on October 24, 2024. The Company raised gross proceeds of $1,000,000 by issuing a total of 4,000,000 units at a price of $0.25 per Unit.
Southern Silver Exploration Corp. reports that drilling has commenced on its 100% owned Cerro Las Minitas, Ag-Pb-Zn property, located in Durango, Mexico.
The Mexican copany Compañía Minera Autlán reported that it received a syndicated loan led by the Mexican unit of the Spanish bank Santander for $160 millionto refinance its ebt, which as of last September was $171.4 million, with which it will refinance 93.3 percent ofthe liabilities with cost.
The United Steelworkers union (USW) is using the Canada United States Mexico Agreement (CUSMA) to file a complaint against Vancouver-headquartered Orla Mining Ltd. (TSX,NYSE:ORLA) over its alleged treatment of Mexican miners who have recently unionized.
GR Silver Mining Ltd. is pleased to report the results from its Annual General Meeting of shareholders held November 12, 2024. Shareholders approved all matters brought before the Meeting, including re-appointing Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditor and approving the continued use of the Company’s Omnibus Plan.
Riverside Resources Inc. is pleased to announce the completed transfer of its three key Ontario gold properties: Pichette, Oakes, and Duc to its wholly-owned subsidiary, Blue Jay Resources Inc.
Heliostar CEO, Charles Funk, commented, “Heliostar is now a cash flow positive gold producer with significant potential and an under-explored portfolio of properties with significant resource growth potential. Today’s guidance for the second half of 2024 shows strong cash flow margins.”
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