Regency Silver has issued 8,457,706 units at a price of $0.15 per unit on this first tranche closing for gross proceeds of CAD$1,268,655.
Sandstorm Gold Ltd. is pleased to provide various developments within its diversified stream and royalty portfolio.
“The successful results achieved from our first diamond drill program at La Parrilla have greatly enhanced our knowledge of the mineralization as well as controlling features and systems. Furthermore, the high-grade drill results clearly demonstrate that zones previously mined by First Majestic Silver continue down-plunge and along strike.”
Endeavour Silver Corp. is pleased to announce the completion of its prospectus offering announced on November 20, 2024 for the issuance of a total of 15,825,000 common shares at a price of US$4.60 per Common Share for aggregate gross proceeds of US$72,795,000.
Dan Barnholden, CEO stated, “We’ve had a busy quarter, and I’m pleased with the progress. The Company completed a financing totalling C$11.3 million which is allowing us to shorten the lead time on our value creation initiatives. Optimization at both Campo Morado and Tahuehueto continues to progress.”
Heliostar CEO, Charles Funk, commented, “La Colorada has long been a successful mine that helped build El Dorado Gold in 1990s and Argonaut Gold in the 2010s. It has operated profitably over its history and has reserves to support growth. Mining ceased in 2023 when stripping to expand the pit was not completed. This pre-strip is now a capital project and the opportunity to restart is a priority for Heliostar in 2025.”
Sonoro Gold Corp. announces a non-brokered private placement offering consisting of 5,555,556 units at a price of CAD $0.09 per Unit, for gross proceeds of CAD $500,000.
Eric Caba, President & CEO, states, “We are very happy to report that Bear Creek recorded a gross profit of $5.9 million during the quarter, and for the first time since acquiring Mercedes, a profit after operating expenses for the three months ended September 30, 2024.”
“Over the past two-years, our focus has been on processing Pinguico’s low grade above ground historical stockpiles; preparing to expand the Level 4 access corridor and drive toward the historical underground stockpile; drilling the near surface San Jose and El Pinguico vein structures; and drilling towards the conceptual target of the probable intersection of the regional Veta Madre structure and the historically high-grade El Pinguico vein.”
Paddy Nicol, CEO of Orogen Royalties, commented, “We are reporting another quarter of record royalty revenue from the Ermitaño mine that is supported by consistent production, high gold and silver prices, and strong recoveries. We are pleased that royalty revenue has remained strong since production began in 2021 and that First Majestic has continued to invest capital in operational optimization, exploration and underground development of the Ermitaño mine.
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