At the Rodeo mine, 2022 payable production was 11,982 ounces gold in doré and 52,179 oz. silver, with average realized sales prices of $1,805/oz. gold and $21.93/oz. silver.
Capstone Copper Corp. and Orion Fund JV Limited, Orion Mine Finance Fund II LP and Orion Mine Finance Fund I-A LP jointly announce that they have entered into an agreement with a syndicate of underwriters led by National Bank Financial and Scotiabank under which the Underwriters have agreed to purchase, on a bought deal basis from the Selling Shareholders, 50,000,000 common shares of Capstone at a price of C$5.70 per Common Share for gross proceeds to Orion of approximately C$285,000,000.
Vice President of Exploration, Rob Macdonald stated “ This latest resource update represents one more step in the continued evolution of the Cerro La Minitas project through the identification of further shallow, high-grade mineralization which is accretive to the existing mineral resources on the property and adjacent to the planned project infrastructure.”
Tony Makuch, CEO, states: “Our recent Pre-Feasibility Study outlined the potential for Cordero to become a top three primary silver mine globally based on average annual production of 33 Moz AgEq over an 18-year mine life. Our follow up drilling since this study demonstrates there is further growth potential still to be realized within our upcoming Feasibility Study.”
Heliostar CEO Charles Funk commented, “This is another key milestone for shareholders of the Company as we complete our transformation to become a gold developer. The Company closed a C$20.4 Million financing on March 17th, resumes trading today and expects to complete the transaction before the end of March.”
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