“The decision to temporarily suspend mining activities at Jerritt Canyon, which represented approximately 21% of the Company’s 2022 revenue, was driven by our goal to produce profitable ounces across the Company,” stated Keith Neumeyer, President and CEO.
Pursuant to the Share Repurchase, the Company has the ability to repurchase up to 5,000,000 common shares of the Company which represents approximately 1.83% of the 274,479,942 issued and outstanding shares of the Company as of March 10, 2023.
Aloro Mining Corp. is pleased to announce a non-brokered private placement financing of up to 10,000,000 units of the Company at a price of $0.05 per Unit for gross aggregate proceeds of up to $500,000.
“A key focus for this year’s ongoing, fully funded 90,000 metre drill campaign is to explore high-priority targets proximal to the main resource centres in the western portion of the Panuco District,” commented Michael Konnert, President and CEO.
Alberto Orozco, Capitan Silver’s CEO, stated “We are making great progress at our Cruz de Plata Project. While it is early days, we are quite delighted by the robust nature of the silver system that runs through our property and quite excited about the un-drilled potential at the project.”
Warren M. Rehn, Golden’s President and Chief Executive Officer, commented, “We are very pleased to announce the first mineral resource ever reported for the Yoquivo district. At 570 g/t silver equivalent, this is an exceptionally high-grade initial Mineral Resource estimate. We believe there is excellent potential for Yoquivo to ultimately develop into a producing property.”
John MacKenzie, CEO of Capstone commented, “We are very proud to announce our new Sustainable Development Strategy today. Responsible operating practices are a vital component of our commitment to the environment, our employees, local communities and governments and must remain front of mind in everything we do.”
GR Silver Mining Chairman and CEO, Eric Zaunscherb comments, “We are very pleased to achieve this milestone as promised over the past year. The conservative parameters applied, and the approach taken, allow us to be confident in this positive outcome as we focus on broad zones of mineralization that may be amenable to bulk, low-cost open pit and/or underground mining methods.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
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