Month: May 2024

Ernesto Balarezo, Sierra Metals’ CEO, comments, “We are pleased to report an updated NI 43-101 report showing mineral reserves and resources for both our Yauricocha and Bolivar mines, supporting the long production history of both assets. Preparing a compliant NI 43-101 report with such a significant amount of mineral reserves and resources demonstrates we have a clear path forward and the foundation in place to enhance and to maximize the returns of the growth initiatives that we have planned at our mines.”

Osisko Development Corp. reports its financial and operating results for the three months ended March 31, 2024.

Dale Andres, CEO said: “During the first quarter we continued to add cash to the balance sheet mainly because of the previously disclosed strong operational performance at the LGJV. All-in sustaining cost per silver ounce was at the lower end of 2024 guidance thanks to improved operating efficiencies, which helped to offset inflationary cost pressures and the impact of the stronger Mexican peso.”

“We are absolutely thrilled to be working with Terry and the Salman Partners team” said Peter Latta President. “Terry has a tremendous reputation and expansive network in the mining industry that we believe will help the Silver Wolf story resonate with a broader audience.”

Reyna Silver Corp. is pleased to announce that, due to investor demand, it has upsized its previously announced non-brokered listed issuer financing exemption (LIFE) private placement. The upsized offering is for up to 10,625,000 units of the Company at a price of $0.16 per Unit for gross proceeds of up to $1,700,000 increased from the previously announced 6,250,000 Units for gross proceeds of up to $1,000,000.

Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, “In 2023, Santacruz continued to build a mid-tier silver and base metals producer. The Company completed several mine optimization initiatives including the integration ramp that connects the Tres Amigos and Colquechaquita underground mines at Caballo Blanco in Bolivia. And in Mexico, the operational restructuring at the Zimapan mine has already resulted in cost savings.”