“There are no words to properly express the sorrow we feel as we mourn the three individuals who lost their lives at ELG Underground. Our focus has been on supporting the families of our employees to the fullest extent, and on supporting our team at site through this very difficult time.”
Orla Mining Ltd. is pleased to announce the appointment of Dr. Silvana Costa as the Company’s new Chief Sustainability Officer, effective January 13, 2025.
“I asked Marath, the Secretary of Labor, to increase inspections and to thoroughly review them because it cannot be that here (Mexico) some (safety) standards are applied by Canadian companies and in Canada others are applied,” said the president on Friday at her press conference.
The Company is pleased to announce that, subsequent to the AGM, Paul A. Smith, was appointed a director.
The Company anticipates that the Common Stock will begin trading on the OTC Pink Market under the symbol “AUMN” at the open of business on December 16, 2024.
Shares traded 13% lower, at 27.87 Canadian dollars (US$19.87).
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Gatos Silver, Inc. to First Majestic Silver Corp.
Mexican authorities will investigate an incident at a gold mine in the Pacific coastal state of Guerrero which killed three workers, President Claudia Sheinbaum said on Friday.
Silver Tiger Metals has filed a Preliminary Feasibility Study (PFS) for its El Tigre Silver-Gold Project in Sonora, Mexico, highlighting a 10-year mine life with an after-tax NPV of $222 million, a 40% IRR, and a two-year payback period. The project is set to produce 43 million silver-equivalent ounces, with initial capital costs of $86.8 million and an average annual production of 4.8 million AgEq ounces, supported by proven and probable reserves.
“We are devastated by the deaths of these colleagues who were working at ELG Underground. While the details are very limited at this time, we do know that a 32-year old male, a 36-year old male and a 39-year old male have lost their lives to carbon monoxide exposure. Our priority right now is to fully support their families and our people, as we start the work to understand how this occurred.”
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