Under the Arrangement Agreement, the parties have agreed to effect the Arrangement, pursuant to which, among other things, a wholly-owned subsidiary of Argonaut will (directly or indirectly) hold all of Argonaut’s ownership interest in its United States and Mexican assets.
The Company is updating from its May 21, 2024 news release and announces that mining activity has confirmed high grade gold mineralization over significant widths at the Tahuehueto Gold Mine in Durango, Mexico.
Paddy Nicol, CEO of Orogen Royalties, commented, “We have delivered another profitable quarter despite the tough market conditions in the junior mining space.”
To date, over 2,200 meters have been completed in 20 drillholes. Results for nine drillholes have been released so far. Two holes returned the best results ever outside of the Main Zone trend, returning 56.4 meters of 1.0 g/t Au and 42.7 meters of 1.0 g/t Au from the 4-T and North Hill trends respectively.
“Responsible corporate practices have always been a core value for First Majestic, and are essential to the mining industry as a whole,” said Keith Neumeyer, President & CEO of First Majestic. “Through our forward-facing sustainability strategy and transparent reporting of our responsible performance, we stand by our values of trust, sustainability, and accountability.”
Sierra Madre Gold and Silver Ltd. is pleased to announce that SEMARNAT, the federal Mexican regulatory agency in charge of environmental permitting, has approved modifications to the existing operating permit for the Guitarra Mine and Mill complex, located in the State of Mexico, Mexico.
Prior to joining USAC, Melissa Pagen built over twenty years of professional and executive experience in managerial and officer positions in several industries – both in the private and public sectors. With a demonstrated history in consumer goods, business development, investor relations, and industrial technologies within both the energy sector and water treatment sector, Melissa brings a unique and much needed combination of talents to the company.
Prime Mining Corp. Chief Executive Officer Scott Hicks commented, “Today’s results build upon the quality of mineralization that we continue to discover at Guadalupe East and indicate that mineralization remains open in all directions. This area continues to return impressive silver values in addition to gold, including an intercept assaying just over 2,600 grams per tonne in 24GE-159 – one of the highest-grade silver intercepts we have recorded on the property.”
Greg McKenzie, President and CEO, commented: “We are pleased with our first drill results from the Rosarios Mine and anticipate these results should have a positive impact on future Mineral Resources, both in terms of tonnage and grade.”
First Majestic Silver Corp. is pleased to announce that effective as of market open Monday, May 27, 2024, First Majestic’s stock ticker symbol on the Toronto Stock Exchange will change from “FR” to “AG”.
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