Month: March 2023

GR Silver Mining Ltd. announces today the departure of Brenda Dayton, the Company’s VP Corporate Communications, effective immediately.

Three material properties are currently in production: the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine. The fourth material property, the Jerritt Canyon Gold Mine, was recently placed in temporary suspension to focus on exploration, definition, and expansion of the mineral resources and optimization of mine planning and plant operations.

Regency Silver Corp. is pleased to announce that, due to demand from investors, the non brokered private placement announced on March 24, 2023 will now consist of up to 6,250,000 common shares at a price of $0.40 per share for gross proceeds to the Company of up to $2.5 million.

Mr. Everett said, “I look forward to working with Marc in directing Angel Wing Metals. Linking our backgrounds together again, after joint success in the past and creating opportunity to build value for another resource company, backed by our business acumen and deep experience in capital markets makes us well-suited to take on these roles. Under Marc’s leadership we will begin a concerted effort to drill the La Reyna portion of the El Grande project area as well as initiating regional surface exploration programs.”

Aura Minerals Inc. is pleased to report updated Mineral Reserves and Mineral Resources estimates for its three operating mines: the San Andres Mine, Ernesto/Pau-a-Pique Mine and Aranzazu Mine, as well as its development projects including, the Matupá Project and the Almas Project as reported in the Annual Information Form for the year ended December 31, 2022.

“Fiscal 2022 marks Orogen’s first year of profitability resulting from strong revenue from our royalty and prospect generation business coupled with tight cost controls,” commented Orogen’s CEO, Paddy Nicol.

James Anderson, Chairman and CEO stated: “Once again OCIM has shown a willingness to work with Guanajuato Silver to extend the timeline of our silver and gold payment obligations under previous agreements with them. This facility enables the Company to focus more capital, more swiftly, toward expanding production at all of our producing mines and continuing the trend of considerable quarter over quarter production growth”.

In consideration of the sale, First Majestic received 69,063,076 shares of Sierra Madre at a deemed price of CDN$0.65 per share for an approximate value of CDN$44.9 million or US$35.0 million.

“This updated resource statement underpins our belief that the combination of Magino and a redevelopment of Florida Canyon can provide the foundation for Argonaut’s transition into a low-cost mid-tier gold producer in North America,” stated Richard Young, President and Chief Executive Officer.

Sierra Madre Gold and Silver Ltd. is pleased to announce that, pursuant to the share purchase agreement dated May 25, 2022, as amended and restated on October 28, 2022, among the Company, First Majestic Silver Corp. and Corporacion First Majestic, S.A. de C.V., the Company has completed its previously announced acquisition of La Guitarra Compania Minera S.A. de C.V., an indirect wholly-owned subsidiary of First Majestic incorporated under the laws of Mexico, that holds a 100% interest in the La Guitarra silver-gold property.