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.”
“Our new look and feel are a result of an inside-out transformation that has taken place at Lodestar,” said Lowell Kamin, CEO and Director of Lodestar.
Chief Executive Officer, Daniel Kunz commented, “We are very excited about the progress we have made in the Phase 2 drill program. Our exploration team has improved the structural modelling demonstrably, which has resulted in a more targeted and accurate drill program. As a result, the number of wide, high-grade intercepts we are seeing in our results has increased.”
First Majestic Silver Corp. is pleased to announce that it has entered into a royalty purchase agreement dated November 25, 2022 to sell a portfolio of its royalty interests to Metalla Royalty & Streaming Ltd. for a total consideration of US$20.0 million in common shares of Metalla.
“Climate change is one of society’s greatest challenges and as a sustainability leader in the global mining industry, we also aim to be a climate action leader.”
Richard Lock, CEO, commented: “We are very pleased with these drill results as we continue to extend the area of the shallow-seated higher-grade mineralization further south, extending the strike of the North Zone significantly, and expanding the width of the deposit to the west.”
Sierra Metals Inc. announced today the resignation of Mr. Luis Marchese as the Chief Executive Officer and a Director of the Company, and the appointment, effective immediately, of Mr. Ernesto Balarezo Valdez as Interim Chief Executive Officer to lead the Company during its current strategic review process.
Silver Viper Minerals Corp. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $2,000,000 from the sale of up to 10,000,000 units at a price of $0.20 per Unit, each Unit consisting of one common share of the Company and one-half of one warrant.
“The dramatic increase in production from Q2 to Q3 of this year reflects the welcomed addition of the San Ignacio Mine and the Topia Mine into our growing production portfolio,” said James Anderson, Chairman and CEO of Guanajuato Silver.
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