Industrias Penoles announced an indefinite halt to operations at its Minera Tizapa unit in the State of Mexico on Friday due to a strike called by the national mining union.
“The Company is very pleased with the progress being made since implementing the new operating plan for the Santana gold mine in June. Mining and stacking rates are now approaching levels last achieved in 2022 and as the lagging gold leaching recoveries naturally expand we are looking forward to a forecasted return to cash generation at Minera in Q4 of this year.” stated Darren Koningen, CEO.
Southern Silver Exploration Corp. has closed the third and final tranche of its previously reported non-brokered private placement by issuing 961,500 units at a price of $0.22 per unit for gross proceeds of $211,530.
Lodestar Metals is pleased to announce that effective September 4, 2024, it has changed its name from “Lodestar Battery Metals Corp.” to “Lodestar Metals Corp.”
Jody Kuzenko, President & CEO of Torex, stated: “We are deeply saddened by the death of a 40-year-old male contractor who suffered fatal injuries while working in the Guajes Tunnel and our thoughts are with his family and friends.”
Dan Barnholden, CEO stated, “I am very pleased with our Q2 2024 results. We have achieved positive net income, positive EBITDA and positive Adjusted EBITDA for the second quarter in a row, as well as positive cash flow from operations. I fully expect this trend to continue as Campo Morado and Tahuehueto continue to ramp up to full capacity.”
Guanajuato Silver Company Ltd. is pleased to announce financial and operating results for the three month and six month periods ending June 30, 2024.
Vizsla Silver Corp. is pleased to announce the filing of a technical report titled, “Panuco Project – NI 43-101 Technical Report and Preliminary Economic Assessment” with an effective date of July 24, 2024.
“While we continue actively progressing near-term cash flow opportunities from our Mexican assets, we are also very excited to advance our growth strategy by actively seeking out gold and silver projects with promising exploration potential in Peru,” says Joanne Freeze, President and CEO of Xali Gold.
Akiba Leisman, CEO of Mako states, “these drill results further indicate the potential to expand high grade mineralization in areas where we are currently mining. However, what is particularly exciting about these exploration data is the high-grade reconnaissance exploration program results we are receiving within our 188 square kilometer land package.”
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