“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.
Anthony Hawkshaw, CEO, comments “Restructuring, for up to five years, the Deferred Payment immediately improves the Company’s working capital position by more than US$25 million. As importantly, the reduced monthly interest and principal repayments better allows Bear Creek to aggressively explore and develop Mercedes for the long-term benefit of our stakeholders”.
“The high-grade zone at La Luisa continues to grow at depth, where new drilling has now extended mineralization by an additional 125 metres down dip,” commented Michael Konnert, President and CEO. “We remain encouraged by the high gold to silver ratios, which may suggest the top of a more extensive mineralized system at depth.”
Radius Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 11,149,983 units at a price of $0.175 per unit, for gross proceeds of $1,951,247.
When the reverse stock split becomes effective, every 25 shares of the Company’s issued shares of common stock will be combined into one share of common stock without any action on the part of the Company or its stockholders.
“This refinancing is an important step in the Company’s return to sustainable, long-term growth,” said Ernesto Balarezo, Interim Chief Executive Officer, Sierra Metals.
“We are excited to be undertaking the trenching program in the main mineralized trends in preparation for an initial drill program at the project of at least 2,500 meters projected to commence in the second half of June,” said Dr. Craig Gibson, President and CEO of Primo. “The trenching program will cover three mineralized areas: Las Auras, Santa Cruz and Oromuri.”
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