Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 20,000,000 units of the Company at a price of $0.05 per Unit for aggregate gross proceeds of up to approximately $1,000,000.
An unscheduled inspection at the mine conducted by the Mexican Labor Department identified safety standards that need to be met before resuming operations. The inspection followed a recent singular fatality at the mine, the first one in 18-1/2 years of Starcore’s record of zero fatalities in its mining operations at San Martin.
Chairman and CEO, James Anderson said, “The base shelf prospectus will provide Guanajuato Silver with maximum financing flexibility over the next 25-months as we look to continue the work of growing precious metals production at our four producing silver mines in Mexico.”
“We are pleased we are able to retain exposure to the future upside at the La Joya Project and add another royalty to our Company,” stated Letitia Wong, Plata Latina’s President and CEO.
Ian McGavney, President & CEO of Colibri commented: “The southwest part of the San Perfecto area is on the books as a priority drill target for Colibri. We are extremely pleased with the results of the recent mapping and sampling at San Perfecto which expanded the area of known mineralization and thereby the scope and potential of our drill target.”
Tony Makuch, CEO, commented: “We are pleased to be releasing our 2023 ESG report, which highlights the effectiveness of our people, both in Mexico and Canada, in achieving excellence in responsible mining. In everything we do, our aim is to successfully balance environmental, social, and economic considerations, generate long-lasting benefits for communities, minimize the impact on the environment, and add value for all stakeholders.”
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