Sierra Madre Gold and Silver Ltd. is pleased to announce that it has closed the second tranche of its previously announced “best efforts” brokered private placement financing in connection with the Company’s acquisition of the La Guitarra silver-gold mine from First Majestic Silver Corp.
Alamos Gold Inc. today announced that it has filed a base shelf prospectus dated May 31, 2023 with the Ontario Securities Commission, relying on the well-known seasoned issuer exemption, and a corresponding shelf registration statement with the United States Securities and Exchange Commission on Form F-10.
The Report has been prepared in accordance with the Global Reporting Initiative Standards, including the GRI Mining & Metals Sector Disclosures, and the Sustainability Accounting Standards Board Standard. The Report also takes into consideration the Taskforce on Climate-related Financial Disclosures framework.
The Amended Terronera Report amends the technical report titled “NI 43-101 Technical Report on the Feasibility Study of the Terronera Project, Jalisco State, Mexico” dated October 21, 2021 and effective September 9, 2021 and contains no material differences to the Original Terronera Report filed on October 25, 2021.
Eric Caba, President & COO, states “Mercedes has delivered on our Q1 2023 guidance estimates but has faced significant headwinds in recent months including inflationary pressures, significant strengthening of the Mexican Peso against the US Dollar, and areas of operating performance that still have room to improve.”
“We are delighted to have entered into this agreement, which provides a fully funded and single source solution to meet the capital expenditure requirements for the Company’s planned new gold mine upon the successful receipt of permits.”
“The Sierra Metals Board of Directors is very pleased to secure Mr. Balarezo and Mr. Fernández-Baca as CEO and CFO of the Company,” said Oscar Cabrera, Chair of Sierra Metals’ Board of Directors. “Both accepted their interim roles at a challenging time for the Company and demonstrated tremendous leadership in stabilizing and optimizing our operations.”
We continue to intercept wide zones of high grades at the Los Ricos South Eagle deposit. We anticipate that results like these will could add significantly to our upcoming revised resource and preliminary economic assessment to be completed this summer,” said Brad Langille, President and CEO.
“Our decades of commitment to the environment, communities where we operate and accessibility of our stakeholders have made Hecla a leader in ESG,” said Hecla President and Chief Executive Officer Phillips S. Baker, Jr.
Golden Tag Resources Ltd. is pleased to announce it received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica on May 25, 2023, for the previously announced acquisition of the La Parrilla Silver Mine Complex.
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