Month: March 2023

“Fresnillo delivered a resilient operating performance in 2022, with our people rising to meet a number of external challenges and deliver on our production guidance. Our financial results were impacted by industry pressures included volatile precious metal prices and higher cost inflation, while our workforce continued to feel the impact of the pandemic and caused delays to our development programme, and more specific to Mexico, the labour reform which limited the use of contractors requiring us to train new employees.”

United States Antimony Corporation is pleased to announce that the Department of Defense and the Defense Logistics Agency have approved the third and final sample of antimony trisulfide supplied by the company. The samples were all taken from material obtained via concentrating feed from ore at the Sierra Guadalupe mines in the state of Zacatecas Mexico.

Goldgroup Mining Inc. hereby announces that, through its wholly owned subsidiary Goldgroup Resources, Inc., it has filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes against the United Mexican States.

Monumental Minerals Corp. announces that it has closed a non-brokered private placement for gross proceeds of $988,050, consisting of 5,646,000 units of the Company at a price of $0.175 per Unit.

Magna Gold Corp. today announces that Magna Gold has filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (Canada) which will provide creditor protection while the Company seeks to restructure its affairs.

J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital, and our CAD$18 Million cash position as of Q3 2022 gives us the luxury of advancing these projects in the manner best suited for shareholders. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”

Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.

Allen Palmiere, President and CEO, said, “Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance. We also made excellent strides with our operations, capital, and exploration programs.”

Mike Struthers, CEO, commented: “In keeping with recent management and other changes in the Company, and the transformational year ahead which should see the Company achieving some critical milestones, the board has recommended a name change to reflect this. This is all about consolidating the foundation for the Company as a Mexican producer and developer, creating a solid platform for future growth.”