Heliostar Metals Ltd. is pleased to announce that it has closed a non-brokered private placement of 10,000,000 units at a price of $0.60 per Unit for gross proceeds of $6,000,000.
Scott Smith, Executive Vice President of Exploration, added: “Today’s update quantifies the excellent results of expansion drilling along our three known resource trends, but also highlights three ‘Generative Areas’, Las Primas, Mariposa and Fresnillo, which were not included in our past resource and which remain open in most directions.”
Santacruz Silver Mining Ltd. announces that Mr. Gregg Orr, Chief Financial Officer of the Company, has resigned and Mr. Andres Bedregal, a seasoned finance executive with proven success in business development and strategic finance, has been appointed as the Interim Chief Financial Officer of the Company to replace Mr. Orr.
Silver Dollar Resources Inc. is arranging a non-brokered private placement financing with qualified investors of up to 6,000,000 units for maximum gross proceeds of $1,500,000.
“The quarter yielded continuing production growth, and more importantly we saw a substantial increase in production in the month of September where the heap achieved equilibrium at a level generating significant free cash flow for that month. The addition of the zinc circuit, along with other optimizations, has not only paid off in a saleable zinc product and recycling of the associated cyanide, but also it appears that it has improved the leaching of gold and silver,” Brad Langille, President and CEO stated.
Ernesto Balarezo, CEO of Sierra Metals, commented, “I am pleased to see Yauricocha operating at more than 3,000 tpd during the quarter and on track to sustainably achieve 3,600 tpd this year given the successful development below level 1120. Furthermore, Bolivar continues to deliver steady numbers quarter over quarter.”
“Paying down the remaining outstanding balance on our Credit Facility, only in our third year of operations, is a testament to the robust cash generation from our Camino Rojo Mine. Our continued financial discipline coupled with the increasing gold price has strengthened our financial position and accelerated this repayment.”
“The opportunity for Newmont gold to be accessible, direct to consumers, is a testament to our commitment to promoting gold as a prized commodity worth pursuing and owning.”
“We believe that the combined portfolio of the Reyna Silver and Reyna Gold exploration properties and the combined management team’s experience creates the potential for the combined business to become a premier metals exploration company,” added Jorge Ramiro Monroy, CEO of Reyna Silver.
Consolidated gold and silver production for the nine months of 2024 totaled 273,645 ounces and 2.9 million ounces, respectively, or 339,933 ounces of gold equivalent, including lead and zinc by-products.
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