Mexico Approves Mining Reform
The Mexican Congress approved the Mining Reform, with substantial impacts on mining concessions, use of national waters and waste management.
The Mexican Congress approved the Mining Reform, with substantial impacts on mining concessions, use of national waters and waste management.
Kootenay Silver Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation, as co-lead agent and sole bookrunner, and together with Red Cloud Securities Inc. as co-lead agents, on behalf of a syndicate of agents, including Canaccord Genuity Corp. in connection with a best efforts, private placement of units of the Company at a price of $0.10 per Unit for gross proceeds of up to $4,000,000.
Teck Resources Ltd. TECK-B-T -3.00% decrease suffered a major defeat Wednesday by failing to earn shareholder support to move forward on a restructuring that had been years in the making, increasing the chances of one of the last of the country’s big miners getting swallowed up by a foreign giant.
Almaden Minerals Ltd. is pleased to announce the completion of a social impact assessment relating to the potential impacts caused by the grant of the Company’s Ixtaca mineral claims, and the completion of a human rights impact assessment that examines the potential impacts that could be caused if the Ixtaca project is developed in a manner consistent with the Ixtaca Feasibility Study first announced on December 11, 2018
MAG Silver Corp. is pleased to announce the appointment of Gary Methven as Vice President: Technical Services effective May 1, 2023, and the promotion of Jill Neff to Vice President: Governance and Company Secretary effective immediately.
Representatives of the president’s Morena party and its allies, nearly unanimously and with little debate, approved the laws in a fast-tracked process without opposition legislators present. Legislators convened outside the chamber’s usual voting location after the opposition occupied the chamber to try to prevent the session.
“The year is off to a good start with strong operational results and the best quarterly safety performance in the Company’s over 65-year history, which positions us well to meet our full year guidance projections. Costs were better than expected, primarily due to the strong operating results, favourable currency movements and a slight easing of inflationary pressures,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
Argonaut Gold Inc. is pleased to announce that it has amended the agreement with a syndicate of underwriters led by Scotiabank and Cormark Securities Inc. pursuant to which the Underwriters have agreed to buy on a “bought deal” private placement basis, subject to a right to substitute purchasers, for aggregate gross proceeds of approximately C$17.5 million, as follows: (i) 6,613,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian exploration expenses” at a price of C$0.756 per CEE Flow-Through Share for gross proceeds of C$5,000,033; and (ii) 18,656,800 common shares of the Company to be issued as “flow-through shares” with respect to “Canadian development expenses” at a price of C$0.67 per CDE Flow-Through Share for gross proceeds of C$12,500,056.
Canasil Resources Inc. announces that it has made an application to the British Columbia Securities Commission to approve a temporary management cease trade order under National Policy 12-203 Management Cease Trade Orders which, if granted, will prohibit trading in securities of the Company by the chief executive officer and chief financial officer of the Company until such time as the Required Filings and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted.
Ron Goguen, President & CEO of Colibri commented, “The results continue to demonstrate the potential of the Evelyn property. We have stepped out down dip and have demonstrated continuity of longer mineralized intersections at the Main Zone. With our increased understanding of the Main Zone geology and mineralization, we have expanded our search to the north to explore under alluvial cover.”
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