Starcore International Mines Inc. confirms that it is aware of the announcement of the intention to make an unsolicited offer by Semper Recursos Naturales S.A. de C.V. for the outstanding common shares of Starcore at a price of $0.35 per common share.
The Company announces today that it intends to delay the filing of its interim financial filings on Form 10-Q for the quarterly period ended March 31, 2022, which includes interim financial statements as at and for the quarterly period ended March 31, 2022, together with its management’s discussion and analysis for the quarterly period ended March 31, 2022 relating to the interim financial statements, and the Chief Executive Officer and Chief Financial Officer certificates relating to its interim filings by the filing deadline of May 16, 2022.
Sonoro Gold Corp. announces that, due to current capital market conditions, it has decided to withdraw its previously proposed non-brokered private placement offering of up to 17,000,000 units at a price of C$0.18 per Unit announced on April 25, 2022.
Taj Singh, President and CEO, states: “We continue to intercept excellent grades both within and on the margins outside of the open pit defined in our 2021 PEA. This will further increase the confidence in the resource supporting our upcoming PFS and underscores the potential to expand the PFS open pit.”
“During an important transitional quarter, the Company hit all key milestones including declaring commercial production and ramping up throughput rates,” said Jason Simpson, President and Chief Executive Officer of Orla. “We are looking towards achieving design capacity at Camino Rojo during the second quarter and advancing our exciting growth portfolio.”
“At our Mexican Operations, we set a 2021 objective of replacing the production from the now closed Rosario mine by deploying its underground mining equipment to Zimapan to increase production at Zimapan with no additional capital investment.”
“In the first quarter, we faced a number of obstacles and challenges that were outside of our usual control,” stated Keith Neumeyer, President & CEO. “Not only was Mexico hit hard with the Omicron COVID-19 variant which significantly reduced personnel and production rates across our operations, we experienced increasing inflationary cost pressure across the operating portfolio for reagents and consumables such as diesel, cyanide and grinding media.”
“We recognize that sustainability is imperative for our long-term success, including financial success. This year’s report, ‘Bridge to the Future’ speaks to our ongoing actions to help shape a more inclusive and sustainable tomorrow in which both our business and our stakeholders can prosper.”
Osisko Development Corp. is pleased to report its financial and operating results for the three months ended March 31, 2022.
“We are very pleased with the strong start to the year, highlighted by record revenues and mine operating income,” said David Wolfin, President and CEO.
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