Golden Tag Resources Ltd. is pleased to announce it received approval from Mexico’s antitrust agency, the Comisión Federal de Competencia Económica on May 25, 2023, for the previously announced acquisition of the La Parrilla Silver Mine Complex.
Anthony Hawkshaw, CEO, comments “Restructuring, for up to five years, the Deferred Payment immediately improves the Company’s working capital position by more than US$25 million. As importantly, the reduced monthly interest and principal repayments better allows Bear Creek to aggressively explore and develop Mercedes for the long-term benefit of our stakeholders”.
“The high-grade zone at La Luisa continues to grow at depth, where new drilling has now extended mineralization by an additional 125 metres down dip,” commented Michael Konnert, President and CEO. “We remain encouraged by the high gold to silver ratios, which may suggest the top of a more extensive mineralized system at depth.”
Radius Gold Inc. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 11,149,983 units at a price of $0.175 per unit, for gross proceeds of $1,951,247.
When the reverse stock split becomes effective, every 25 shares of the Company’s issued shares of common stock will be combined into one share of common stock without any action on the part of the Company or its stockholders.
“This refinancing is an important step in the Company’s return to sustainable, long-term growth,” said Ernesto Balarezo, Interim Chief Executive Officer, Sierra Metals.
“We are excited to be undertaking the trenching program in the main mineralized trends in preparation for an initial drill program at the project of at least 2,500 meters projected to commence in the second half of June,” said Dr. Craig Gibson, President and CEO of Primo. “The trenching program will cover three mineralized areas: Las Auras, Santa Cruz and Oromuri.”
Alamos Gold Inc. today reported a summary of the voting results of its Annual General Meeting of Shareholders. The Company is also announcing the retirement of Kenneth Stowe from the Board of Directors, and the appointment of Shaun Usmar.
We continue investing aggressively in our assets as we build what we feel is Mexico’s fastest growing silver mining company. Operating results for Q1 continue to demonstrate growth and are aligned with our expectations for this phase of the ramp-up; I commend our 100% Mexican operations team for their technical excellence as we optimize production at all four of our producing silver mines.”
“The Scheme announced today is an important step in the process to place Mithril’s high-grade Copalquin gold-silver property in a market where there is considerable experience and understanding of the globally significant Mexican minerals industry. The new Americas focussed exploration and development company resulting from the merger with TSXV listed Newrange creates highly experienced and focussed Board and management who are well positioned to take advantage of the considerable growth opportunities at the Copalquin mining district and the two Canadian Red Lake District properties.”
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