Ernesto Balarezo, CEO of Sierra Metals, comments, “We are very excited to have reached full capacity levels in Yauricocha, allowing us to operate at higher throughput rates. The latter is reflected in the increased metal production and stronger cost guidance. At Bolivar, we also expect to operate at full capacity throughout the year, despite lower projected grades due to our mining sequencing plan.”
We are very pleased and proud to announce the addition of Ramon Tomas Dávila Flores as non-executive director with immediate effect to Heliostar’s board of directors. Mr. Dávila was most recently President of Guanajuato Silver Co. Ltd.
Scott Emerson, President commented: “There exists the potential of blind mineralization at Saddle. The identification of the Saddle target adds to its priority as a drill target. Other reported examples of significant blind mineralization are the Pensquito (Zacatecas) operated by Newmount and Cerro Las Minitas(Durango) project operated by Southern Silver in Mexico.”
The purpose of the Meeting is to receive and consider the audited annual financial statements of the Company; re-appoint Davidson & Company LLP as auditor of the Company; authorize the directors to fix their remuneration; elect the directors for the ensuing year; approve the continuation of the Company’s stock option plan; and to consider other business as may properly come before the Meeting or any postponement(s) or adjournment(s) thereof.
“The third quarter was our first full quarter of production from the Nicho Main Deposit and efforts are focused on expanding working areas in the new pit to allow for increased mining and stacking rates which continue to accelerate and are now approaching 2022 levels. In addition, we have initiated the construction of the first phase of leach pad expansion at the project which will further assist in the operational efficiencies.”
Gatos Silver, Inc. today announced the date of a special meeting of stockholders and the filing of its definitive proxy statement in connection with the previously announced Agreement and Plan of Merger with First Majestic Silver Corp.
Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 35,000,000 units of the Company at a price of $0.10 per Unit for aggregate gross proceeds of up to $3,500,000.
President and CEO Frederick Davidson commented, “We are pleased with these new high-grade drill intersections on extensions of the Tres Amigos Zone adding mineralization for ongoing mining. We now have two drills testing extensions of near mine targets and plans to carry out exploration drilling on other targets along the under-explored six kilometre trend next year.”
Glenn Jessome, President & CEO stated “After the release of our robust PFS on the near-surface, low-capex open pit portion of the El Tigre Project, our next goal will be to complete a PEA on the underground component of the project in the first half of 2025. Our current underground drilling program is targeting the Veins, the Sulfide Zone and the Shale Zone from our 400-meter-long rehabilitated haulage-way.”
DynaResource, Inc. is pleased to announce the successful repayment of its Temporary Additional Credit Line with Ocean Partners Holdings Limited reflecting the Company’s strong financial management and operational progress.
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