Lisa Dea, CFO of GSilver, said: “The new pre-payment facility with OCIM provides additional financial flexibility for our balance sheet as we advance ramp up operations across all four of our producing silver mines in Mexico.”
Canuc Resources Corporation is pleased to announce the closing of a non-brokered private placement for gross proceeds of $900,000 CAD.
Ron Goguen, President & CEO of Colibri commented, “Plomo is a great addition to our property portfolio in Sonora. We have been very encouraged with the progress made on our Evelyn property over the last 18 months and the acquisition of Plomo provides us with a much expanded footprint for discovery.”
Chris Wright, Chairman & CEO, commented: “This phase of drilling was designed to strengthen our understanding of the historical underground development of the Veta Grande vein system, which is critical for both the geologic modelling and the updated resource estimation that we are working towards. We are encouraged by the wide widths of near surface mineralization alongside high grades of Pb-Zn mineralization encountered in this phase of drilling.”
Jorge A. Ganoza, President and CEO, commented, “Fortuna finished the year in line with production guidance, with only a slight miss in cost guidance at the Lindero Mine in spite of strong inflationary pressures. Our business continued to generate healthy free cash flow from ongoing operations of $69.2 million and adjusted results of $245.5 million in Adjusted EBITDA, and adjusted net income of $42.6 million or $0.15 per share.”
“Though the 2022 financial results were disappointing, attributable silver production is expected to increase by over 80% in 2023 compared with 2022.”
Effective March 2, 2023, Daniel Kunz has resigned from the Board of Directors, as he was not standing for re-election at the Company’s upcoming Annual General Meeting. Mr. Kunz has been a member of the Board since 2011. To replace Mr. Kunz, Mr. William Matlack has been appointed to the Board.
Monumental Minerals Corp. welcomes Tyron Breytenbach to the advisory board as a senior capital markets advisor to the Company.
Osisko Development Corp. is pleased to announce that the Company has received the required approvals of the Company’s Board of Directors and made an application to the TSX Venture Exchange to reduce the exercise price of the common share purchase warrants issued in 2022.
“2022 was an important transition year for McEwen Mining. Our Fox operation in Timmins showed the largest improvement from 2021, with a 22% increase in gold production, 8% lower cash costs per ounce and steady all-in sustaining costs per ounce. Our operation in Nevada has now transitioned production to our Gold Bar South pit, a new mining contractor has been instated, and production is increasing,” commented Rob McEwen, Chairman and Chief Owner.
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