Garibaldi Resources Corp. has arranged a non-brokered private placement of up to 10 million flow-through units at a price of 30 cents per flow-through unit for gross proceeds of up to $3-million and four million non-flow-through units at a price of 25 cents per unit for gross proceeds of up to $1-million.
“We continue to achieve quarterly increases measured both in tonnage mined, and precious metals produced, which reflects the efficacy of our ramp-up programs at our four producing silver mines,” said James Anderson, Chairman and CEO of Guanajuato Silver.
Ranchero Gold Corp. is pleased to announce the closing of its draw-down facility with American PT Metals LLC.
SilverCrest Metals Inc. is pleased to announce that it has refinanced its US$120 million secured project financing facility, of which only US$90 million was drawn, with a new US$120 million senior secured credit facility through a syndicate of lenders comprised of The Bank of Nova Scotia and Bank of Montreal.
“The initial resource for Cerro Verde has greatly advanced the San Javier project and will form the foundation for an upcoming preliminary economic assessment,” states Rick Trotman, President and CEO of Barksdale. “Given the very limited amount of waste rock and the low acid consumption rates on the oxide material, we are very encouraged that Cerro Verde could be a quality low-cost development project in the very near future that has considerable resource upside.”
Eric Caba, President & COO, states that “Bear Creek anticipates Q4 2022 production of 12,500 to 13,500 ounces of gold. Recent underground definition drilling at Marianas is encouraging with intercepts of 3.5 meters at 5.8 g/t Au and 3.6 meters at 13.1 g/t Au in hole UG-MR22-107 which will contribute to production in the near future at significantly higher mining grades than the current model.”
Orogen CEO Paddy Nicol further commented, “The development of Orogen’s flagship royalties has been impressive over the past nine months. Production at the Ermitaño Mine has exceeded our expectations in both tonnage and grade, and capital investment by First Majestic signals a long-term strategy in the area.”
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