“This agreement allows Prismo to proceed with its drilling permit application, opening the door to a drilling program in early 2023,” said Dr. Craig Gibson President and CEO of the Company.
The LOI outlines indicative terms for a proposed: (a) business combination of Kolpa and Sierra Metals; and (b) concurrent financing by an investment firm.
John MacKenzie, CEO of Capstone commented, “Our Q3 results represent our second full quarter of combined operations as Capstone Copper and I’m very pleased with the integration efforts to date. Despite continued inflationary pressures felt across the industry, we kept costs in-line quarter over quarter and are seeing key input costs, particularly sulphuric acid, trend lower and which we expect to realize in 2023.”
Ranchero announces that William Pincus has resigned as CEO and Director and Reena Sall has resigned as CFO, replacing them will be Jesus Noriega as Interim CEO and Omar Gonzalez as CFO. William Pincus will remain with the Company as an advisor as part of the Technical Advisory Team that was formed earlier in 2022. Chris Bradbrook has resigned from the Board of Directors.
Canasil Resources Inc. announces closing on October 26, 2022, of a second tranche of the previously announced non-brokered private placement covering 2,268,250 units at a price of $0.055 per Unit for total gross proceeds of $124,754.
Colibri Resource Corporation is pleased to report that the Company has resumed exploration at the Evelyn Gold Property. Company geologists have recently mobilized to the property and are currently collecting soil samples.
Defiance Silver Corp. announces that the case initiated against the illegally and fraudulently transferred mineral concessions concerning its Tepal Project has been admitted for trial by a District Court in Michoacán, Mexico. An evidence hearing will be scheduled shortly.
“In the third quarter of 2022, the Company posted the best safety performance in its 65 year history and delivered solid operational results. With a strong first nine months of the year, the Company is tracking well to deliver on its production and cost guidance in 2022,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
“We had a solid third quarter overall, including our highest production in nearly two years. Our operations performed well with production near the top end of quarterly guidance and representing a 19% increase from the second quarter.”
“As we look forward to the commencement of milling operations, Juanicipio continued to demonstrate strong operating performance this quarter with milling at Fresnillo’s processing facilities increasing to over 180,000 tonnes and production of 2.6 million silver ounces bringing year to date silver production to just under 7.4 million ounces.”
Mexico Mining Center © 2021 / All Rights Reserved
