Month: May 2023

ALORO MINING CORP. is pleased to announce that through its Mexican subsidiary, Exploraciones Aloro, S.A. DE CV has signed the formal documentation, in Mexico, with Cuesta Del Cobre, S. De R.L. De C.V. of Hermosillo, Sonora, Mexico to acquire 100% of the Quitovac Gold Mine Project.

GR Silver Mining Ltd. today outlined its vision to continue resource growth on its wholly owned Plomosas Silver Project in Sinaloa, Mexico, through the remainder of 2023, including an update on exploration plans and corporate initiatives.

“We’re thrilled to have filed an updated 43-101 Technical Report for our Peñasco Quemado Project in Sonora, Mexico,” said Lowell Kamin, President, CEO & Chairman of the Board of Lodestar.

Prior to the sale of the Aztec Shares, Kootenay beneficially owned and had control over approximately 11.85% of the outstanding Aztec Shares. As a result of the disposition, Kootenay’s ownership of the Aztec Shares decreased to 7,601,500 Aztec Shares, representing approximately 8.02% on a non–diluted basis.

Pan American Silver Corp. today announced that, in connection with the previously announced consent solicitations of Yamana Gold Inc., a wholly-owned subsidiary of Pan American, holders of a majority of the aggregate principal amount outstanding of each of Yamana’s 4.625% Senior Notes due 2027 and Yamana’s 2.630% Senior Notes due 2031 have delivered consents to amend the reporting covenant of the indenture governing those Notes, as contemplated by the previously announced consent solicitations.

Chesapeake Gold Corp. has initiated legal proceedings against the Dirección General de Minas of Mexico with the Federal Court of Administrative Justice in the state of Durango, Mexico in response to the DGM’s cancellation of the San Vicente 3 mineral concession. The San Vicente 3 mineral concession is one of 12 mineral concessions comprising the Metates property, representing 700 hectares of the 4,260 hectares in the Metates project, and encompasses a portion of the Metates mineral resource.

“Argonaut’s first quarter financial results were in line with plan and reflect the transformation of our production base as we continue winding down our high-cost, low-grade Mexican mines, while preparing for first gold pour at our new flagship Canadian operation.”

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.”