“All three of Hecla’s operating mines delivered solid performances during the second quarter, driven by expected increased silver production at Lucky Friday and gold production at Casa Berardi, while Greens Creek had a very solid and consistent quarter,” said Phillips S. Baker, Jr., President and CEO.
Great Panther Mining Limited, a growth-oriented precious metals producer focused on the Americas, announces that the Company will undertake a share consolidation of its common shares on the basis of one post-Consolidation for every 10 pre-Consolidation Shares.
Orla Mining Ltd. today is pleased to provide an interim operational update for the second quarter ended June 30, 2022.
The Company believes that it will be able to file its annual report on Form 10-K for the year ended December 31, 2021, and its quarterly report on Form 10-Q for the quarter ended March 31, 2022 in the second half of 2022.
“First half production results exceeded plan, so we are well positioned to exceed our guidance for the year. The exceptional ore grades at Guanacevi have put us in this position. While it’s has been gratifying to see grades reach new highs, we expect grades to align with or be slightly above plan for the second half of the year.”
“Drilling by Zacatecas has only tested small areas of the overall vein system to very shallow depths. That the first thirteen holes intersected a robust silver-equivalent grades over down-hole intercept of up to 9.56 meters is very encouraging. The system is open in all directions across multiple veins.”
The Financing will now consist of a total of up to 40,300,000 subscription receipts at a price of C$0.33 (equivalent to approximately US$0.256) per Subscription Receipt for gross proceeds of up to C$13,299,000 (equivalent to approximately US$10.3 million), subject to the Agents’ option to increase the size of the Financing by up to an additional 15% or 6,045,000 Subscription Receipts at any time up to 48 hours prior to closing of the Financing.
“The discovery of multiple, previously unknown, high-grade gold-silver structures, particularly the Camila vein, demonstrates that there is also significant potential at Yoquivo to discover additional high-grade structures on the property. The current drill program is expected to allow us to report an initial gold-silver resource on the property later this year,” said Warren Rehn, President and Chief Executive Officer of Golden Minerals.
Jody Kuzenko, President & CEO stated: “A key pillar of the Torex strategy is a renewed focus on drilling and exploration, and our latest drilling results at the Media Luna Cluster reinforce our positive outlook on our ability to complement future production at Media Luna. With the construction of the project well underway, we are stepping out beyond the existing mine resource footprint on the south side of the Balsas River, testing extensions of the Media Luna and EPO deposits, conducting initial drilling at previously identified targets, and identifying new exploration targets – all with the aim of demonstrating the underlying resource potential of the Morelos Property.”
The Final Tranche was comprised of 1,530,000 units of the Company issued at a price of $0.20 per Unit for aggregate gross proceeds of $306,000.
Mexico Mining Center © 2021 / All Rights Reserved
