Endeavour Silver has upsized its bought-deal financing to raise approximately US$45 million to help fund its US$145 million acquisition of Minera Kolpa and the Huachocolpa Uno Mine in Peru. The financing will be led by BMO Capital Markets. The company has filed a technical report including historical estimates, which require further work to be classified as current resources.
Canuc Resources Corporation. announces closing of the first tranche of its previously announced private placement financing with gross proceeds of $2,270,000 and the issuance of 22,700,000 Units.
Equinox Gold Corp. has indefinitely suspended operations at its Los Filos Mine in Guerrero, Mexico, following the expiry of its land access agreement with the community of Carrizalillo on March 31, 2025.
Rodrigo Barbosa, President and CEO of Aura commented, “We are excited to announce our latest Mineral Resources and Reserves (MRMR) update across our operations, marking an impressive increase across all categories, adding 2.4moz in M&I Resources and 856koz in P&P Reserves. This achievement is a result of our clear strategy to increase production while we increase our Resources and Reserves.”
“Achieving commercial production at Tahuehueto is an important milestone for Luca and a testament to the hard work and dedication of their team”, stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty.
“2024 marks another record milestone for First Majestic. Due to our strategic M&A activities and widely successful exploration program, we have increased our Mineral Resources to the highest level in the Company’s history” stated Keith Neumeyer, President & CEO of First Majestic.
The company continued making significant progress on its Terronera Project, which is now in the final construction stages. Wet commissioning is anticipated to begin early in the second quarter.
Ramon Perez, President of the Company, commented “This milestone marks a significant step in the mine’s development, reflecting the operational team’s dedication and the effectiveness of recent optimization efforts.”
Capitan Silver’s CEO has stated “It is great to have the rig active at Cruz de Plata testing the targets that our team has defined or further refined over the last months. We are excited to be active with drilling following up on the great results we had previously, starting with testing the expansion of our two most advanced silver targets: Jesus Maria and Gully Fault.”
Heliostar CEO Charles Funk comments, “We have always wanted to push harder at Ana Paula, and now we can commence the largest drill program in the Company’s history. We see potential to further improve the resource at Ana Paula.”
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