Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. (“MSN”) for US$580 million, to be contributed as study and development costs are incurred by MSN.
“We continue to focus on completion of the preliminary economic assessment in Los Ricos North, followed by a revised resource and updated preliminary economic assessment for Los Ricos South in June,” said Brad Langille, President and CEO.
Silver Viper Minerals Corp. has renegotiated terms of the Rubi-Esperanza Option Agreement to purchase three mineral concessions, originally signed in June of 2018.
“The acquisition of ATAC reflects the continued execution of our strategy of acquiring significant land packages in highly prospective and tier one mining jurisdictions,” said Phillips S. Baker Jr., President and CEO.
“Following our transformative transaction with Yamana Gold Inc., which significantly increases the scale of our silver and gold operations in Latin America, we are pleased to join our industry peers on the NYSE,” said Michael Steinmann, President and CEO of Pan American.
“We are looking forward to be able to construct trenches across mineralized structures in our ongoing program for target generation, and to subsequently drill test the mineralized structures”.
“We believe gold and silver will begin a significant and sustained multi-year rally in 2023 and we are working to maximize our shareholders’ exposure to it by advancing our portfolio of potential tier one gold and silver projects. Our robust pipeline of district-scale projects offers investors a single company alternative to a basket of junior explorers,” stated Darrell Rader, President and CEO of Minaurum Gold.
Based on a preliminary analysis, the required adjustments are non-cash and primarily relate to the timing and recognition of net deferred tax assets at the 70%-owned LGJV. The Company believes that the net effect of these adjustments would decrease by approximately $4 to $6[1] million its reported net income of $18.3 million for the nine months ended September 30, 2022.
Oroco Resource Corp. is pleased to announce the grant of 450,000 incentive stock options to Richard Lock, CEO and Director of the Company.
Ian McGavney, COO of Colibri commented,“We continue to be enthusiastic about the Plomo acquisition and the potential for discovery on the combined Evelyn-Plomo (“EP”) property holdings. By combining and interpreting the respective data sets we have significantly advanced our geological understanding and our exploration model.”
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