Eric Caba, President & CEO, states, “During Q2 2023 the Company felt the brunt of development work delays, operating performance challenges, inflationary pressures, and foreign exchange factors that transpired during the first quarter. I want to stress that we are actively working to address and mitigate these factors to improve the Mercedes operation and the Company’s financial strength.”
Aztec Minerals Corp. announces that, further to its news release dated August 8, 2023, the Company has closed the first tranche of its non-brokered private placement consisting of 4,051,450 units at a price of CAD$0.225 per Unit for gross proceeds of CAD$911,576.
Mr. Mike Struthers (CEO of Luca) commented, “We’re excited to work with EnviroGold on this project, building on the initial test work in 2021. The encouraging results from those initial tests, plus the very real potential to also recover base metals from the tailings, could generate significant value from this old tailings facility. More importantly, if the initial project is successful, the potential to add this metals recovery stream to the existing plant could add considerable future value to Campo Morado.”
“This refinancing provides Orla with additional flexibility to lower its cost of capital while maintaining liquidity,” said Etienne Morin, Chief Financial Officer of Orla.
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