Month: May 2024

The purpose of the Meeting is to seek approval of the previously announced spinout by way of a plan of arrangement between Vizsla Silver and Vizsla Royalties Corp. whereby the owners of common shares of Vizsla Silver are entitled to receive one-third of a common share of Spinco and one-third of a common share purchase warrant of Spinco for each Vizsla Silver Share held immediately prior to the closing of the Arrangement.

Sierra Metals Inc. is pleased to announce that the Company has entered into a binding agreement with Silverco Mining Corp. in respect of the proposed purchase by SMC of the mining concessions comprising the Cusi Mine located in Chihuahua State, Mexico and related assets including, among other things, land and land agreements, equipment and environmental permits.

“One of the key strategic pillars of our Company is to build on ESG excellence and our 2023 Responsible Gold Mining Report demonstrates our progress in this regard. While the quantitative metrics showcase our positive performance, it is the many stories within the pages that demonstrate how our purpose statement truly comes to life: ‘To transform finite mineral resources into lasting prosperity by positively impacting all the lives we touch.’

The Board is pleased to announce that all of the resolutions put to shareholders at today’s Annual General Meeting were passed by means of a poll, including the ordinary resolutions (resolutions 1 to 18) and special resolutions (resolutions 19 to 22) as set out in the Company’s notice of AGM dated 23 April 2024.

James Anderson, Chairman and CEO, said, “The repayment in full of this credit facility reflects the rapidly improving financial position of Guanajuato Silver. The elimination of this loan will have an immediate positive impact on our monthly economic performance, in parallel with the continued ramp-up at our four producing silver mines – with improved tonnage throughput, and at lower operating costs.”

“It has been a privilege to have had a hand in MAG’s remarkable journey over the last two decades and a great honor to collaborate with a brilliant group of colleagues over that time. Working with Dan MacInnis and George Paspalas, CEOs who really get exploration, has made all the difference for me…and MAG,” said Peter Megaw, outgoing CXO of MAG.