The net proceeds of the Offering will be used for general working capital and exploration activities on the Company’s Santa Maria property, located in Parral, Mexico.
Prime Meridian Resources Corp. announces a non-brokered private placement offering of units at 5 cents per unit for gross proceeds of up to $1.5 million.
GR Silver Mining Chairman and CEO, Eric Zaunscherb commented, “The discovery of wide, high-grade silver mineralization in this new area is not only evidence of the Plomosas Project’s exploration potential, but also testament to the efficacy of the exploration model developed by our geologists. They have clearly ‘dialed in’, hitting impressive mineralization on a blind target guided by modern exploration tools and concepts.”
“In 2021, First Majestic achieved record production of 26.9 million silver equivalent ounces representing a 32% increase compared to the previous year. This record was in part due to our focus on responsible and sustainable mining integrated with our vision to become the world’s largest primary silver producer,” stated Keith Neumeyer, President and CEO.
The Company believes that it will be able to file its annual report on Form 10-K for the year ended December 31, 2021, its quarterly report on Form 10-Q for the quarter ended March 31, 2022 and its quarterly report on Form 10-Q for the quarter and year to date periods ended June 30, 2022 in the fourth quarter of 2022.
Chairman and CEO James Anderson commented, “We look forward to integrating our new assets with current operations expeditiously. GSilver plans to restart the San Ignacio mine as soon as practicable, and deliver its silver and gold mineralized material to our El Cubo plant for processing.”
Great Panther Mining Limited reports that it has closed the previously announced sale of its Mexican subsidiary Minera Mexicana El Rosario S.A. de C.V., which owns the Guanajuato Mine Complex, the Topia mine, and the El Horcón and Santa Rosa projects, to Guanajuato Silver Company Ltd.
All three of our mines continue to deliver strong operational and financial results with each generating positive free cash flow,” said Phillips S. Baker Jr., President & CEO.
James McDonald, Kootenay’s President & CEO commented, “We are very excited to see such a high rate of drill success in hitting vein in all holes and now await receipt of the assay results.”
“The revised agreement provides the Company with additional financial flexibility to complete, effectively extending the second-year commitments over a two-year period, and extends the overall agreement by an additional year,” commented Brian Goss, Interim CEO and Director.
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