Tony Makuch, Interim CEO, states: “We are very pleased with the excellent progress we are making on our PFS and we look forward to the delivery of the study in the fourth quarter of this year. We are confident the PFS will outline one of the leading development projects in the industry based on the scale of production, excellent margins and capital efficiency.”
“Despite the impact of the lengthy drought in 2022, the Company was able to see cash and working capital increases in the most recent quarter. Equally encouraging has been our stable cost profile through this period with direct production costs in line with those experienced in the first quarter.” stated Darren Koningen, CEO.
Canasil Resources Inc. announces a non-brokered private placement of up to 10,000,000 units at a price of $0.055 per Unit for total gross proceeds of up to $550,000.
Richard Lock, CEO, commented: “We continue to systematically define and expand the deposit at Santo Tomas. Work focuses on providing a mineral resource to support the upcoming PEA, which is planned for completion in Q1, 2023. To ensure these timelines are met, a fourth drill has been mobilized.”
“Month over month improvements in precious metals production, recoveries, and tonnes milled during Q2 were the hallmarks of a positive trend that we see continuing through the remainder of the year as we complete the ramp-up phase at El Cubo,” said James Anderson, Chairman and CEO of Guanajuato Silver.
Argonaut Gold Inc. announces the appointment of Chuck Hennessey as Vice President, Canadian Operations effective August 29, 2022.
Prismo Metals Inc. is pleased to announce that, further to its August 18th, 2022 news release, it has closed a non-brokered private placement, issuing 750,000 common shares at a price of $0.20 per share for gross proceeds of $150,000.
Aztec Minerals Corp. and Kootenay Silver Inc. are pleased to announce the closing of the transaction whereby Aztec indirectly acquired Kootenay’s 35% interest in the joint venture company that holds the Cervantes porphyry gold-copper project in Sonora, Mexico, which was previously announced on July 26, 2022.
Today, Newmont Corporation published its inaugural Taxes and Royalties Contribution Report (the report), continuing the Company’s commitment to transparency by detailing the significant contributions made to host communities and governments.
Paddy Nicol, CEO of Orogen, commented: “Our second quarter results demonstrate the continued growth of our paying 2% NSR on the Ermitaño mine.”
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