Greg McKenzie, President and CEO commented: “The two holes reported today showcase how the San Diego Project can deliver exceptionally high-grade mineralization, relatively close to surface.”
“The signing of these 30-year agreements with the local community and its council members marks a significant milestone in the advancement of our Magistral project and demonstrates our long-term ambitions for this region,” commented Cameron Tymstra, Tarachi President & CEO.
“I am incredibly excited by the opportunity to lead Capstone Copper and help deliver on a truly transformational growth story. This company has the makings of becoming a Canadian-based copper champion driven by our long-life assets, our experienced management team, and our strong balance sheet”, said John MacKenzie.
Golden Minerals Company is pleased to report financial results and a business summary for the full fiscal year ending December 31, 2021.
“Mololoa continues to contribute strong results with high grade intercepts in addition to wider intercepts of potentially bulk mineable material,” said Brad Langille, President and CEO. “We believe these results will contribute to our goal of aggressively expanding our mineral resources at Los Ricos in 2022.”
The proceeds raised from the Financing will be used to satisfy the USD$5,000,000 cash consideration in connection with the acquisition of the Esperanza Gold Project from Alamos Gold Inc., begin advancing the Esperanza Gold Project towards production, fund the ongoing drill program at the Company’s existing silver project and for general working capital purposes.
The Company plans to use the net proceeds of the Offering to pay the US$35 million cash consideration payable to SSR Mining Inc. on completion of the Company’s acquisition of the Pitarrilla project in Durango State, Mexico and for the Company’s general corporate purposes and working capital.
“The Cervantes project continues to deliver wide intervals of oxide gold mineralization that remain open in all directions.”
“These intersections continue to expand the gold mineralization at California. This discovery further advances the California gold zone in demonstrating the open pit heap leach gold potential of the project. The Cervantes 2021-2022 RC drill program continues to return strong gold grades over broad widths in every drill hole reported to date.”
Golden Minerals Company announces that a Technical Report has been completed for each of its Rodeo open pit gold-silver mine and its Velardeña Properties, both located in Durango State, Mexico.
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