Sierra Metals Inc. is pleased to announce that the Company has entered into a binding agreement with Silverco Mining Corp. in respect of the proposed purchase by SMC of the mining concessions comprising the Cusi Mine located in Chihuahua State, Mexico and related assets including, among other things, land and land agreements, equipment and environmental permits.
“One of the key strategic pillars of our Company is to build on ESG excellence and our 2023 Responsible Gold Mining Report demonstrates our progress in this regard. While the quantitative metrics showcase our positive performance, it is the many stories within the pages that demonstrate how our purpose statement truly comes to life: ‘To transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch.’
Ramon Perez, Interim CEO, commented: “Our geology team at Tahuehueto are doing excellent work. They are progressively adding to our understanding of the mineralisation and confirming the enormous upside potential of the mine.”
The Board is pleased to announce that all of the resolutions put to shareholders at today’s Annual General Meeting were passed by means of a poll, including the ordinary resolutions (resolutions 1 to 18) and special resolutions (resolutions 19 to 22) as set out in the Company’s notice of AGM dated 23 April 2024.
Kootenay’s President & CEO, James McDonald states, “We increased the magnitude of step outs on the D-Vein with 100 to 300 meter step outs to great success on the first few holes. These large step outs along strike and down dip are rapidly building volume of mineralized vein.”
James Anderson, Chairman and CEO, said, “The repayment in full of this credit facility reflects the rapidly improving financial position of Guanajuato Silver. The elimination of this loan will have an immediate positive impact on our monthly economic performance, in parallel with the continued ramp-up at our four producing silver mines – with improved tonnage throughput, and at lower operating costs.”
“It has been a privilege to have had a hand in MAG’s remarkable journey over the last two decades and a great honor to collaborate with a brilliant group of colleagues over that time. Working with Dan MacInnis and George Paspalas, CEOs who really get exploration, has made all the difference for me…and MAG,” said Peter Megaw, outgoing CXO of MAG.
Excellon Resources Inc. is pleased to announce that, further to the Company’s news releases dated April 4, 2024 and April 15, 2024, it has closed the final tranches of its previously announced non-brokered private placement offering of units of the Company pursuant to which the Company sold an additional 3,414,555 Units at a price of $0.18 per Unit for additional aggregate gross proceeds to the Company of approximately $614,620.
Silver Viper Minerals Corp. announces that it has closed the final tranche of its non-brokered private placement financing pursuant to the Listed Issuer Financing Exemption of National Instrument 45‑106 – Prospectus Exemptions announced on April 4, 2024. The Final Tranche was comprised of 2,638,000 units of the Company issued at a price of $0.10 per Unit for aggregate gross proceeds of $263,800.
“We are very pleased with the strategy that KCA has brought to our Tailings Reprocessing project,” says Joanne Freeze, President and CEO of Xali Gold. “We received the Change of Soil Usage permit almost a year ago, which allows the Tailings to be moved out of the historical deposition site from within the town of El Oro.”
Mexico Mining Center © 2021 / All Rights Reserved
