First Majestic Silver Corp. is pleased to announce that it has entered into an Asset Purchase Agreement dated December 7, 2022 to sell its 100% owned past producing La Parrilla Silver Mine located in the state of Durango, Mexico to Golden Tag Resources Ltd. for total consideration of up to US$33.5 million.
J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record. We are following up these exciting results with further drilling which we look forward to reporting on.”
Colibri Resource Corporation is pleased to report that the Company recently re-commenced Phase 2 exploration drilling at the Evelyn Gold Property having received its exploration permit from SEMERNAT (Mexican environmental authority).
Equinox Gold Corp. announces that it has sold an aggregate 11,000,000 common shares of Solaris Resources Inc. in the ordinary course for investment purposes through the facilities of the Toronto Stock Exchange through block trades for aggregate gross proceeds of C$70.4 million.
Alberto Orozco, CEO of Capitan Mining stated: “Consolidating the high-grade silver trend at Cruz de Plata has been one of our top priorities for Capitan Mining. We are pleased and very excited to announce that we have established a dominant land position in what we strongly believe will one day be recognized as a significant high-grade silver system in Durango, Mexico.”
“We expect to announce expanded resources from both El Limón Sur Deep and Sub-Sill South when year-end 2022 mineral reserves and resources are published in March. Infill drilling planned for 2023 will be aimed at bringing these underground mineral resources into reserves.”
“Argonaut’s focus at this time is our cornerstone asset, the Magino mine in Ontario Canada that will transform the Company to a low-cost, intermediate producer. This agreement allows Argonaut to potentially unlock value in two non-core Mexican assets and provides Argonaut with a very attractive upside for its shareholders,” said Larry Radford, President and CEO of Argonaut Gold.
Heliostar CEO, Charles Funk, commented, “The acquisition of this portfolio transforms Heliostar into a mine development company. This is a significant milestone towards our ultimate transformation into a high-margin gold mining company.”
Prismo Metals Inc. is pleased to announce that the private placement announced earlier today of up to 5,800,000 units at a price of $0.52 per Unit, for maximum aggregate gross proceeds of up to $3,016,000 has been fully allocated.
Prime Mining Corp. is pleased to announce that in connection with its previously announced bought deal private placement, the Company and Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. have agreed to increase the size of the previously announced offering from $16,500,000 to $18,300,000.
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