Kenneth MacLeod, President and CEO of Sonoro, stated, “The private placement will provide sufficient capital to complete several key steps in the development of the proposed mining operation including permitting, land agreements and condemnation drilling.”
Canasil Resources Inc. announced on April 27, 2023, that the Company had applied to the British Columbia Securities Commission for a temporary management cease trade order under National Policy 12-203 Management Cease Trade Orders. The application was due to the expected delay in filing the Company’s audited financial statements for the financial year ended December 31, 2022, and the management’s discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period before the May 1, 2023, filing deadline.
Jody Kuzenko, President & CEO of Torex, stated: “We are pleased to be one of the first mid-tier gold producers to enter into a Sustainability-Linked Loan. We see this as an opportunity to lead and support the shift in the markets towards connecting the cost of capital with performance excellence on matters that are critical to the reputation and success of our company and our industry.”
First Majestic Silver Corp. is pleased to announce the unaudited interim consolidated financial results of the Company for the first quarter ended March 31, 2023.
Using 74% (Plomosas Mine Area) as the silver recovery rate instead of 94% (San Marcial Area) in the denominator of the Ag Eq calculation, while using 94% recovery rate in the numerator, mistakenly resulted in increasing the Ag Eq grade and, consequently, in the Ag Eq ounces for the San Marcial Area.
Silver Tiger’s CEO, Glenn Jessome, stated, “The Sulphide Zone is alive and wide to the South. We originally thought the Sulphide Zone was thinning after the initial few holes going south. We were wrong. The team saw the geometry at the northern end of the Sulphide Zone forming and projected that to the southern end and drilled to intersect down deeper and east along plan and the first two Holes 455 and 457 nailed it.”
“We are very excited that Sun River now has the most important permit in hand so that ground preparation work can finally begin on our Tailings Project in El Oro,” says Joanne Freeze, President and CEO of Xali Gold.
Angel Wing Metals Inc. announces it has completed its previously announced non-brokered private placement for 23,635,000 common share units of the Company at a price of C$0.11 for total gross proceeds of C$2,599,850.
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