The net proceeds from the Offering will be used principally to fund Sonoro’s ongoing development plans at its Cerro Caliche Gold Project located in Sonora, Mexico and project property maintenance payments, and secondarily for corporate and general administrative expenses.
Rob Macdonald, Vice President Exploration, stated: “Drilling in the Mina La Bocona target area continues to extend the two polymetallic sulphide zones and the near surface gold mineralization identified earlier in the 2020-21 drilling. The drill program, which was recently expanded from an initial 10,000 metre program to a 20,000 metre program, will continue to focus on the development of these targets and the systematic investigation of further mineralization located to the northwest along the east side of the Cerro.”
Prime Mining Corp. is pleased to report its operating and financial results for the third quarter of fiscal year 2021, ended January 31, 2021.
McEwen Mining Inc. is pleased to report that activities at its El Gallo Project in Mexico have been restored following successful resolution of the concerns raised by members of the nearby communities. A new 10-year agreement has been reached providing additional support to the communities and greater long-term certainty for the El Gallo operation.
Empress Royalty Corp. is pleased to announce that the TSX Venture Exchange has accepted for listing up to 17,250,000 common share purchase warrants of the Company. The Warrants will be listed for trading on the TSXV under the symbol “EMPR.WT” effective at market open on March 30, 2021.
Premier Gold Mines Limited is pleased to announce that Federal Economic Competition Commission in Mexico (COFECE) has granted approval of the proposed arrangement with Equinox Gold Corp. The Company would also like announce that Toronto Stock Exchange has conditionally approved the listing of the common shares of i-80 Gold Corp. in connection with the Arrangement.
Akiba Leisman, Chief Executive Officer of Mako states that, “we are continuing to systematically drill the Arras Zone, which we plan to begin mining next calendar year. The Arras Zone is more complex than the nearby San Albino Zone currently being mined, but despite the complexity, it is yielding positive surprises.”
SilverCrest Metals Inc. is pleased to report the Company’s audited financial results for the year ended December 31, 2020, and an update on construction and exploration activities.
Pete Dougherty, President & CEO commented: “The replacement of depleted Mineral Reserves is a key part of our business strategy. Our strategy is to harvest cash from these operations, replace depleted Mineral Reserves to extend mine lives and focus on executing on our growth projects to transition Argonaut from a high-cost junior producer with relatively short mine lives to a lower cost intermediate producer with much longer mine lives.”
Stephen Orr, the Company’s Chief Executive Officer, stated: “This past year was transformative for Gatos Silver. The Company completed the largest precious metals IPO in 2020 on the NYSE and TSX. Despite the pandemic related 45-day temporary suspension of mining activities imposed by Mexico, design throughput was achieved at the CLG mine in late 2020 and the LGJV achieved profitability during the last two quarters of the year.”
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