President and CEO Arturo Bonillas stated: “Since the Company’s inception, PEAL has been a strategic stakeholder and like all of our shareholders, a valued partner. Their request to amend the terms is a testament to their ongoing commitment and validation of our strategic focus in Mexico.”
“The financial results for 2021 do not reflect the current state of the Company,” stated Americas Gold and Silver President & CEO Darren Blasutti. “The reopening of the Cosalá Operations and return to full production combined with the increasing silver and zinc prices have greatly improved the Company’s financial position and will provide steady cash flow for the Company.”
Gatos Silver is focused on producing a new life-of-mine plan and updating its mineral resources and mineral reserves following its January 25, 2022 announcement regarding a reduction in metal content of its previously stated mineral reserve figures. The delay is due to the ongoing analysis by the Company of any potential impacts the reduction may have on its audited annual financial statements.
Sven Gollan joined the board as a new director of the Company replacing John R. Wilson.
Oroco Resource Corp. is pleased to announce that, due to the private placement previously announced on October 9, 2018 being oversubscribed, it is increasing the Private Placement by an additional 750,000 units. The increased private placement will now comprise up to 3,750,000 units at a price of $0.20 per unit to raise gross proceeds of up to $750,000.
“2021 was a monumental year for Orla as we constructed and poured first gold at Camino Rojo, our first mine,” said Jason Simpson, President and Chief Executive Officer of Orla. “As we ramp up gold production and cash flow generation, we will be answering, ‘What is next for Orla?’ through advancement of our rich pipeline.”
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