Zacatecas Silver Corp. is pleased to announce a non-brokered private placement financing of 18,000,000 units at a price of $0.10 per Unit for total proceeds of $1,800,000.
Kevin Brewer, President and CEO noted “Our meetings in Vancouver went better than we had expected. We had a very high level of interest in this project and we are now very confident that we will be able to proceed with our plans for 2024. We expect to be able to soon release the exploration strategy that is focused on resource expansion.”
Greg McKenzie, President and CEO, commented: “We are very pleased with the drilling and geologic mapping results at San Nicolas. Prior to placing La Parrilla on care and maintenance First Majestic had commenced mining over 5 established levels and 80 vertical metres at San Nicolas. We have now been able to expand and trace the high-grade mineralization 370 metres down from surface, with continuity. It is a tremendous benefit to have all the infrastructure available to support the potential mining and processing of these expanding zones.”
Paddy Nicol, Orogen’s CEO commented, “Orogen saw continued strong operating performance from First Majestic Silver Corp.’s Ermitaño mine and several significant advancements were made on AngloGold Ashanti NA’s Expanded Silicon project. At the Ermitaño mine, solid production and record metal recoveries were achieved in Q4-2023, with robust production guidance for 2024.”
“These latest results from the SE Deeps resource conversion drilling program continue to highlight the opportunity to extend the CLG mine life,” said Dale Andres, CEO of Gatos Silver.
Kootenay’s President & CEO, James McDonald states, “The updated resource estimate for La Cigarra is part of our strategy to prepare our 3 resource projects La Cigarra, Promontorio and La Negra for advancement in a bullish silver market while we remain focused on moving our high-grade silver project, Columba towards an MRE.”
“New drill results at Camino Rojo are revealing more about controls on mineralization and hinting at potential for significant expansion below the current Mineral Resource in the Camino Rojo Extension. This data is crucial for our upcoming underground resource estimation, enhancing our understanding of this important part of our growth pipeline.”
“Peter’s appointment further strengthens Newmont’s Executive Leadership Team,” said Tom Palmer, Newmont President and CEO. “Peter brings decades of world-class legal and risk management experience at global organizations, which will be invaluable as Newmont continues to grow, building on its position as the world’s leading gold mining company and robust copper producer. We are excited to welcome him to Newmont.”
John MacKenzie, CEO of Capstone, commented, “The fourth quarter was our best of the year, with consolidated production up 10% and cash costs down approximately 7% quarter-over-quarter, setting us up well for a strong 2024.”
Scott Hicks, Executive Vice President commented, “We begin the new year with approximately CAD$32.8 million in cash. In 2024, our aim is to further illustrate the immense potential of the Los Reyes property through an initial, fully funded 40,000 metres drilling campaign targeting resource expansion and proving up several key generative targets.”
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