Ranchero Gold Announces Completion of Debt Facility
November 29, 2022
Ranchero Gold Corp. is pleased to announce the closing of its draw-down facility with American PT Metals LLC.
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Ranchero Gold Corp. is pleased to announce the closing of its draw-down facility with American PT Metals LLC.
SilverCrest Metals Inc. is pleased to announce that it has refinanced its US$120 million secured project financing facility, of which only US$90 million was drawn, with a new US$120 million senior secured credit facility through a syndicate of lenders comprised of The Bank of Nova Scotia and Bank of Montreal.
“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment,” states Rick Trotman, President and CEO of Barksdale. “Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside.”
Eric Caba, President & COO, states that “Bear Creek anticipates Q4 2022 production of 12,500 to 13,500 ounces of gold. Recent underground definition drilling at Marianas is encouraging with intercepts of 3.5 meters at 5.8 g/t Au and 3.6 meters at 13.1 g/t Au in hole UG-MR22-107 which will contribute to production in the near future at significantly higher mining grades than the current model.”
Orogen CEO Paddy Nicol further commented, “The development of Orogen’s flagship royalties has been impressive over the past nine months. Production at the Ermitaño Mine has exceeded our expectations in both tonnage and grade, and capital investment by First Majestic signals a long-term strategy in the area.”
“Our new look and feel are a result of an inside-out transformation that has taken place at Lodestar,” said Lowell Kamin, CEO and Director of Lodestar.
Chief Executive Officer, Daniel Kunz commented, “We are very excited about the progress we have made in the Phase 2 drill program. Our exploration team has improved the structural modelling demonstrably, which has resulted in a more targeted and accurate drill program. As a result, the number of wide, high-grade intercepts we are seeing in our results has increased.”
First Majestic Silver Corp. is pleased to announce that it has entered into a royalty purchase agreement dated November 25, 2022 to sell a portfolio of its royalty interests to Metalla Royalty & Streaming Ltd. for a total consideration of US$20.0 million in common shares of Metalla.
“Climate change is one of society’s greatest challenges and as a sustainability leader in the global mining industry, we also aim to be a climate action leader.”
Richard Lock, CEO, commented: “We are very pleased with these drill results as we continue to extend the area of the shallow-seated higher-grade mineralization further south, extending the strike of the North Zone significantly, and expanding the width of the deposit to the west.”
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