Month: January 2024

Ranchero Gold Corp. is pleased to announce that further to its press release of December 27, 2023, its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. has entered into a definitive agreement dated January 17, 2024 with Minas de Oro Nacional, S.A. de C.V., a wholly-owned subsidiary of Alamos Gold Inc., for the sale of Paika’s interest in four mineral licenses comprising an area of 5,390 hectares of the Company’s Santa Daniela mineral property located in Sonora, Mexico.

Regency Silver Corp. is pleased to announce that it has completed the first tranche of $622,000 of a previously announced non-brokered private placement of $800,000.

“Our Florida Canyon mine in Nevada and our Mexican mines had a solid year, surpassing the top end of production guidance on a combined basis by 9%. Our newest mine, Magino, met target start date of commissioning the mill in mid-May, however, ramp up of the mine and mill took longer than anticipated, resulting in the Company missing consolidated production guidance by a small margin.”

Fortuna Silver Mines Inc. reports production results for the fourth quarter and full year 2023 from its five operating mines in Latin America and West Africa. For the full year 2023, Fortuna produced a record 326,638 ounces of gold and 5,883,691 ounces of silver or a record 452,389 gold equivalent ounces, including lead and zinc by-products.

GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of up to 15 million units at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $1.5 million.

Vizsla Silver Corp. is pleased to announce its intention to spin out the shares of Vizsla Royalties Corp., a wholly-owned subsidiary of Vizsla Silver, to the Company’s shareholders. Vizsla Royalties currently holds, indirectly, a net smelter royalty on any potential future mineral production at Vizsla Silver’s flagship, 100% owned Panuco silver-gold project located in Sinaloa, Mexico.

CEO Vikas Ranjan commented: “We believe that 2024 will be a key year for Vortex, as the company will be advancing towards permitting both VMS projects in Mexico while advancing the highly prospective brownfield Illapel project in Chile. The Illapel project is adjacent to the Rio 27 mine, which has processed approximately 400,000 tonnes of ore at an average grade of 1.39% copper. Our senior geologist John Larson has identified highly prospective drill targets adjacent to and along the strike from the Rio 27 mine.”