The Company intends to use the net proceeds from the Offering for exploration of its three district-scale silver assets, Guigui, Batopilas and Medicine Springs and for general corporate and working capital purposes.
“This advancement of the Nicho Main Zone is a significant and positive development and the final major milestone in the ramp-up of operations at Santana. The development of the second and larger pit will provide access to the main source of known mineralization at the project supplementing current starter pit operations and allowing the Company to ultimately exit the project’s pre-commercial phase of production. ” stated Darren Koningen, CEO.
John Theobald, President and CEO commented, “We are very excited about the Margaritas acquisition as it contains a high-grade gold vein open in all directions with visible gold and the potential to be a bonanza-grade deposit.”
Mr. Sean Roosen, Chair and Chief Executive Officer of Osisko Development commented: “With the acquisition of Tintic we have inherited not only a highly prospective test mine in the Trixie project, but also a large, historic land package in one of the world’s premier mining jurisdictions.”
Steve Robertson, CEO of Infinitum Copper commented, “We are excited to begin trading on the OTCQB, as it allows us to expand our exposure to institutional and retail investors in the United States. We believe that trading on OTCQB can lead to enhanced liquidity and visibility in global capital markets”.
Azure’s Managing Director, Tony Rovira, commented: “This is a great outcome for Azure and our shareholders. We have realised a significant cash return for the assets while retaining exposure to the upside as the projects are further developed.”
Arturo Bonillas, President and CEO of Magna stated: “I am very pleased to see the San Francisco Mine maintain a steady state of operations for three consecutive quarters now. As demonstrated by our results, strip ratio and cash cost continue to trend downwards from where we were a year ago. Gold production is in line with our operating plans and is anticipated to increase as production is expected to be back weighted in 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.
Alamos Gold Inc. today reported a summary of the voting results of its Annual General and Special Meeting of Shareholders.
First Majestic Silver Corp. is pleased to announce the voting results for its annual general and special meeting held on May 26, 2022.
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