Dr Chris Wilson, Chief Operating Officer and a Director of Zacatecas Silver comments, “The appointment of Palaris is a significant step in the overall advancement of the Esperanza Gold Project. A pre-feasibility study is fundamental to decision making and forward planning, and the appointment of Palaris demonstrates our desire to progress the project as quickly and efficiently as possible.”
“Through a respectful dialogue and the active participation of union leadership including Senator Napoléon Gómez Urrutia, we reached this agreement without interruption to the operation, ensuring a lasting relationship for the future of Peñasquito.”
N. Eric Fier, CEO commented, “This marks another significant milestone in progressing towards commercial production in Q4, 2022. It is with great pride that I acknowledge the hard work of our team and thank everyone who has contributed to the completion of construction of Las Chispas, ahead of schedule and under budget, and all of those dedicated to commissioning the Mine”.
Akiba Leisman, CEO of Mako states that “this past year has been transformative for the Company. Mako has now been in commercial production for 1 year. Since that time, the Company has profitably produced in excess of 36,000 ounces of gold, reached nameplate capacity of 500 tpd in December of last year, invested over $6 million in growth exploration, repaid approximately $10 million in principal, and began a capital return program to shareholders.”
Starcore International Mines Ltd. announces it has confirmed a total of $1,200,000 in subscription funds and will be closing its non-brokered private placement upon Toronto Stock Exchange acceptance. On closing, the Company will issue a total of 6,000,000 units at a price of $0.20 per Unit.
Mithril CEO and Managing Director, John Skeet, commented: “Whilst the program of deep holes at El Refugio was technically challenging to complete, we have successfully confirmed the significant depth potential of the major El Refugio upwelling feeder structure.”
Sonoro Gold Corp. is pleased to announce that it has closed an oversubscribed, non-brokered private placement of 20,050,000 units at $0.15 per unit, for aggregate gross proceeds of $3,007,500.
Starcore International Mines Ltd. announces it has approved a non-brokered private placement for gross proceeds of up to $1,200,000. The private placement will consist of up to 6,000,000 units at a price of $0.20 per Unit.
Osisko Development Corp. announces that, as part of the Company’s annual compensation review, the Board of Directors has authorized the grant of an aggregate of 765,500 incentive stock options to officers of the Company. The Options have an exercise price of $6.49 per share, are exercisable for a period of five-years from the date of grant and will vest as follows: one-third on the date of grant, one-third on the first anniversary of the date of grant and one-third on the second anniversary of the date of grant.
2021 was an eventful and transformative year for Magna. When we started this company we were an exploration company with producer ambitions. In this past year we managed to achieve that goal. We completed the acquisition of our flagship San Francisco mine and managed to bring it back into steady state commercial production on schedule.
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