Day: August 14, 2023

Golden Tag Announces Closing of Acquisition of the La Parrilla Silver Mine Complex and Exchange of Subscription Receipts into Common Shares and Warrants

Greg McKenzie, President & CEO of Golden Tag, said, “Today is an exciting day for Golden Tag as we acquire the past producing La Parrilla Silver Mine Complex. We now have two very high-quality silver projects located in close proximity to each other within Durango State. The La Parrilla processing plant has the capability to support both projects. We would like to welcome our new team members in Mexico, and First Majestic as our newest and largest shareholder.”

Golden Tag Announces Mineral Resource Estimate for La Parrilla Silver Mine Complex

Golden Tag President & CEO, Greg McKenzie commented, “Our inaugural Mineral Resource Estimate at La Parrilla is a major milestone for the Company. All Mineral Resources reported today are in close proximity to existing underground development and related infrastructure necessary to support eventual potential extraction. La Parrilla remains a high-quality silver mine where FMS has produced 34.3 million silver-equivalent ounces between 2005 and 2019, when the Complex was placed on care and maintenance because silver prices averaged approximately US$16/oz, in addition to low commodity prices for lead and zinc.”

Barksdale Announces Grant of Stock Options

Barksdale Resources Corp. announces that it has granted incentive stock options to its directors, employees and consultants, exercisable to purchase up to 1,305,000 common shares in the capital of the Company until August 14, 2026 at an exercise price of $0.59 per share.

Sierra Metals Reports Another Quarter of Increased Operating and Financial Performance

Ernesto Balarezo Valdez, CEO of Sierra Metals, commented, “The second quarter of 2023 delivered strong operating and financial performance. Our Bolivar mine had record copper equivalent production for the quarter and far exceeded our expectations on costs. Our other core operation, the Yauricocha mine, continued its positive trend of quarter-over-quarter production increases.”

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