Colibri Resource Corporation is pleased to announce that it has closed a second and final tranche of its non-brokered private placement of units for gross proceeds of $146,500. Combined with the proceeds from Tranche 1, the Company has raised a total of $286,900.
“These meetings, of both an executive and technical nature, have exceeded all our expectations regarding the support of the Mexican Federal Government for the advancement of the Santo Tomás Project. Initiated by Congressional Deputy, Mario Zamora, these meetings have led to the establishment of a clear dialogue with Mexico’s senior economic and mine development decision makers.”
“Core drilling has just returned the highest-grade interval ever outside of the Main Zone, located 300 meters away on an emerging trend.” commented, CEO Brodie Sutherland. “The best part is that it is only meters below the surface allowing us to easily access the area with trenching we have planned in the next phase of exploration.”
“We are pleased to have discovered high grade gold and silver mineralization along the largely untested North Hill Trend, which lies approximately 300 metres away from the Main Zone Trend. The reported 3.0 metre interval of 21.6 g/t gold, 209 g/t silver, 6.71% lead, and 1.58% zinc (starting 8.3m below surface) among other notable gold and silver intervals in hole JES-25-108 provides further substantial evidence that the gold and silver mineralization at the shared El Pilar project could be expanded significantly and create even more meaningful value for our respective shareholders.”
Mr. Ralph Shearing, CEO, commented, “The upside potential at Cerro Prieto is incredibly exciting, promising substantial expansion and new opportunities for growth. We intend to maximize and optimize this mine to its very best performance. As our foundational asset, Cerro Prieto will remain central to our strategy as we advance toward becoming a leading intermediate gold producer.”
“Desde la Secretaría de Economía de Sinaloa hemos acompañado este proyecto con gestiones clave que han permitido su avance, siempre con un enfoque de sostenibilidad y responsabilidad social”, expresó.
Jody Kuzenko, President and CEO of Torex, stated: “Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer.”
Silver Tiger Metals Inc. is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters and joint bookrunners pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company at a price of C$0.33 per Common Share for gross proceeds to the Company of approximately C$15,000,150.
Aura Minerals renewed its Normal Course Issuer Bid (NCIB) to repurchase up to 2,694,168 common shares on the TSX through March 25, 2026, and also renewed a buyback program for up to 8,082,504 Brazilian Depositary Receipts (BDRs) on the B3. These moves aim to return value to shareholders while maintaining its BDR and public issuer status.
MAG Silver Corp. reported strong financial results for the year ending December 31, 2024, with a net income of $77.8 million, driven by its Juanicipio mine’s performance. The company declared an inaugural dividend of $0.18 per share and achieved silver production of 18.6 million ounces. Key operational highlights include an improved silver recovery rate and strong cash flow from Juanicipio.
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