Sierra Mojada Resources announces a monumental breakthrough with the UNANIMOUS approval of a RESOLUTION by the “Cooperativa de Explotacion Minera Mlneros Nortenos,” CONDITIONALLY ending the five-year blockade at the Silver/Zinc mining project in Sierra Mojada, Mexico.
Positive mine operating income of $515,576; Q3 represents the second consecutive quarter of positive income from mining operations.
The Mexican government, through the Ministry of Finance (SHCP), proposed to Congress to increase two tax rights paid by the mining industry, according to press
Luca Mining Corp. is pleased to announce the hiring of a highly experienced geological team to execute the Company’s ambitious exploration strategy at both Tahuehueto and Campo Morado.
Thomas Atkins, President and CEO of Mammoth Resources commented on the Valesco exploration target study, stating: “It’s interesting and a welcome confirmation to see an independent study arrive at a similar target for further exploration to that which Mammoth determined from its own study of this target. This independently studied target similarly exceeds a million ounces of gold equivalent mineralization in the shallow to near-surface, oxidized-sulfide/transition zone mineralized horizon at Tenoriba.”
Minera Alamos Inc. is pleased to announce that it has entered into an agreement with National Bank Financial Inc. as lead underwriter and bookrunner, and on behalf of a syndicate of underwriters pursuant to which the Underwriters will purchase 28,333,000 common shares of the Company at a price of C$0.30 per Common Share, on a “bought deal” private placement basis, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption, for aggregate gross proceeds to the Company of approximately C$8.5 million.
James Anderson, Chairman & CEO, said, “Our exploration programs continue to align with our production goals as we look to use our exploration successes to support our mid to long-term production growth. The district scale potential of the substantial Veta Madre system in Guanajuato remains the focus of our efforts; we are privileged to have the opportunity to run advanced exploration programs within the heart of one of Mexico’s richest silver mining camps.”
Endeavour Silver Corp. is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, pursuant to which the Underwriters have agreed to buy on a bought-deal basis 15,825,000 common shares of the Company at a price of US$4.60 per Common Share for aggregate gross proceeds of approximately US$73 million.
In accordance with Provision 4 of the UK Corporate Governance Code, the Company hereby provides an update on the actions taken in response to the level of votes cast against one of the resolutions (resolution 9) proposed at the Company’s Annual General Meeting held on 21 May 2024.
Greg McKenzie, President and CEO, commented: “We are pleased with the high-grade results from the La Estrella and San Rafael Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 175 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate.”
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