Dale Andres, CEO said: “During the first quarter we continued to add cash to the balance sheet mainly because of the previously disclosed strong operational performance at the LGJV. All-in sustaining cost per silver ounce was at the lower end of 2024 guidance thanks to improved operating efficiencies, which helped to offset inflationary cost pressures and the impact of the stronger Mexican peso.”
President and CEO Frederick Davidson commented, “The Guadalupe mine first began production almost 500 years ago and we are still finding new discoveries in the swarm of veins that make up the mine complex mineralizing system. We are currently drilling this new Kena Vein South from the 140 metre level of the mine.”
Scott Emerson, President commented: The old workings sampled and reported here are distributed over approximately 530 meters and approximately ½ mile (1 km) from the old operating Soledad Mine indicating the mineralization carries entirely along the 1.7KM Soledad structure which was not previously recognized by the old miners.”
“We are absolutely thrilled to be working with Terry and the Salman Partners team” said Peter Latta President. “Terry has a tremendous reputation and expansive network in the mining industry that we believe will help the Silver Wolf story resonate with a broader audience.”
Reyna Silver Corp. is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 10,625,000 units of the Company at a price of $0.16 per Unit for gross proceeds of up to $1,700,000 increased from the previously announced 6,250,000 Units for gross proceeds of up to $1,000,000.
“While there have been obvious changes in costs since the Los Verdes PEA report was published this has been accompanied by recent strengthening of metal prices. The current environment provides an ideal opportunity to revisit the development of a potential copper production “hub” in southern Sonora where there exist a number of known but undeveloped copper deposits,” stated Darren Koningen, CEO of Minera Alamos.
Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, “In 2023, Santacruz continued to build a mid-tier silver and base metals producer. The Company completed several mine optimization initiatives including the integration ramp that connects the Tres Amigos and Colquechaquita underground mines at Caballo Blanco in Bolivia. And in Mexico, the operational restructuring at the Zimapan mine has already resulted in cost savings.”
John MacKenzie, CEO of Capstone, commented, “Our mines got off to a solid start in the first quarter as we executed on our operating plans and delivered strong financial results. The copper market has entered into the early stages of a new era, and we are positioned extremely well as our flagship Mantoverde mine ramps up to full production.”
Minaurum Gold Inc. is pleased to announce that the Company has completed its previously announced “best efforts” private placement for gross proceeds of C$5,696,250 from the sale of 22,785,000 units of the Company at a price of C$0.25 per Unit.
“While we continue actively progressing near-term cash flow opportunities from our Mexican assets, we are also very excited to advance our growth strategy by actively seeking out gold and silver projects with promising exploration potential in Peru,” says Joanne Freeze, President and CEO of Xali Gold.
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