Month: November 2024

The Company does not currently have sufficient resources to meet its expected cash needs during the twelve months ending September 30, 2025. At September 30, 2024, the Company had current assets of approximately $2.5 million, including cash and cash equivalents of approximately $1.8 million. On the same date, it had accounts payable and other current liabilities of approximately $4.5 million, which includes $1.0 million in deferred revenue for the sale of the Velardeña oxide plant and water wells.

“Exiting the third quarter, it was clear the operational changes the Company has been implementing at San Jose de Gracia are being reflected in strong results, notably the month over month production gains in October 2024,” stated Rohan Hazelton, President & CEO DynaResource.

“After extensive consultation with our shareholders, the decision was made not to move forward with the Prospector transaction and return to our company roots in mineral exploration” commented Cameron Tymstra, Tarachi President and CEO.

Goldgroup Mining Inc. is pleased to announce that it has closed the non-brokered private placement previously announced on November 1, 2024.

“Despite the recent challenges of distressed capital markets for the precious metals sector as well as permitting delays in Mexico, we continue to maintain concession payments and advance the Cerro Caliche mine plan through the environmental review process,” said Kenneth MacLeod, Sonoro’s President and CEO.

NGSMEN RESOURCES LTD. is pleased to announce the closing of its non-brokered private placement financing announced on October 24, 2024. The Company raised gross proceeds of $1,000,000 by issuing a total of 4,000,000 units at a price of $0.25 per Unit.

The Mexican copany Compañía Minera Autlán reported that it received a syndicated loan led by the Mexican unit of the Spanish bank Santander for $160 millionto refinance its ebt, which as of last September was $171.4 million, with which it will refinance 93.3 percent ofthe liabilities with cost.