Sonoro Gold Corp. announces a non-brokered private placement offering consisting of 5,555,556 units at a price of CAD $0.09 per Unit, for gross proceeds of CAD $500,000.
Eric Caba, President & CEO, states, “We are very happy to report that Bear Creek recorded a gross profit of $5.9 million during the quarter, and for the first time since acquiring Mercedes, a profit after operating expenses for the three months ended September 30, 2024.”
“Over the past two-years, our focus has been on processing Pinguico’s low grade above ground historical stockpiles; preparing to expand the Level 4 access corridor and drive toward the historical underground stockpile; drilling the near surface San Jose and El Pinguico vein structures; and drilling towards the conceptual target of the probable intersection of the regional Veta Madre structure and the historically high-grade El Pinguico vein.”
Paddy Nicol, CEO of Orogen Royalties, commented, “We are reporting another quarter of record royalty revenue from the Ermitaño mine that is supported by consistent production, high gold and silver prices, and strong recoveries. We are pleased that royalty revenue has remained strong since production began in 2021 and that First Majestic has continued to invest capital in operational optimization, exploration and underground development of the Ermitaño mine.
Quetzal Copper Corp. announces the addition of Ms. Lisa Thompson and the departure of John Fraser to the Company’s Board of Directors effective November 19, 2024.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Following the successful restructuring of the Share Purchase Agreement (SPA) with Glencore, the Company has significantly enhanced its financial position. This achievement, coupled with strong operational performance and solid revenue growth, led to a successful third quarter, highlighted by $78 million in revenue, $16 million in EBITDA, and $18 million in cash and cash equivalents.”
La Comisión de Hacienda y Crédito Público de la Cámara de Diputados aprobó por 22 votos a favor y 10 en contra, la reforma para incrementar el cobro de derechos en actividades como minería, migración, así como por el uso y explotación de Áreas Naturales Protegidas (ANP).
Tim Warman, Atacama’s CEO, commented: “These wide-spaced, expansion holes at Los Ingleses confirm the presence of high-grade mineralization on the eastern edge of the planned grid drilling, indicating the start of another high-grade shoot plunging to the east. This is an excellent start for expansion on a second vein system. More drilling will be required to extend the mineralization and add to the overall resource along the identified plunge.”
Southern Silver Exploration Corp. announces that it proposes to undertake a non-brokered private placement consisting of 10,000,000 units at $0.22 for gross proceeds of $2,200,000.
Silver Storm Mining Ltd. announces the Company’s transition and succession plan for the role of Chief Financial Officer. Mr. Carmelo Marrelli, the Company’s current CFO, will be stepping down from his position once a suitable successor is appointed.
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