The net proceeds from the Pre-Payment Facility will be used to strengthen GSilver’s balance sheet for ongoing capital expenditures, development and operation of the Company’s El Cubo mine and mill complex located in central Mexico.
The Phase 1 metallurgical program has greatly increased Orla’s understanding of metallurgical characteristics of Camino Rojo Sulphides, and appears to open up multiple processing options for the Camino Rojo Sulphides relative to what was suggested by previous work.
“Starcore continues with the philosophy of producing profitable ounces and generating positive cash flow through its operational excellence programs. The impact of these programs has been reflected in the cost savings and productivity reached over the past year”.
Kootenay Silver Inc. is pleased to announce drill crews are on site at the Columba high-grade silver project, located in Chihuahua State, Mexico in preparation to begin the 2022 drill program. Two diamond core drills are scheduled to arrive within the next few days.
McEwen Mining Inc. announces that Anna Ladd-Kruger, Chief Financial Officer, has decided to retire to focus on her health and family; she will depart after the first quarter reporting is complete and an orderly transition is in place. Additionally, Peter Mah, Chief Operating Officer, is stepping down for personal reasons on June 3rd. Responsibility for oversight of operations will be assumed on an interim basis by William (Bill) Shaver, currently a director of the Company.
Vincent Metcalfe, CEO and Chair of the Board of Directors of Nomad Royalty Company Ltd. stated “As recently announced, the friendly acquisition of Nomad by Sandstorm Gold builds on our vision to create a pure-play, highly diversified, cash-flow focused royalty and streaming company with peer-leading growth.”
As previously disclosed, year-end results were adversely affected by a $22.2 million provision for litigation involving the Company’s subsidiary, San Pedro Resources realized in the 3rd quarter of 2021.
Pan American Silver Corp. today released its 2021 Sustainability Report, describing Pan American’s efforts and performance in the areas of environment, social and governance. A Spanish version of the report will be released soon.
Kootenay Silver Inc. is pleased to announce JV operator Aztec Minerals Corp. has released additional drill results on the California target, which continue to return broad gold mineralization from the 2022 RC drill program being completed at the Cervantes property located in Sonora, Mexico.
Vizsla Silver Corp. is pleased to announce the appointment of Martin Dupuis as Chief Operating Officer and Jesus Velador as Vice President of Exploration for the Company.
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