“Parral’s SART Zinc circuit, which was completed in 2024, has exceeded expectations on both base metal production and has increased the leachability of gold and silver in the heap as well, which is driving the 36% increase in production which we saw this quarter. We expect the benefits of this optimization to continue through 2025.”
Don Gray, Chief Operating Officer commented, “Unfortunately, the revised timing of structural steel deliveries coincided with the holiday season transport restrictions, resulting in supply-chain delivery interruptions and limited availability of key support technicians. Once it was clear that site productivity would be impacted, we felt it prudent to maintain a smaller workforce and temporarily reduce manpower costs. This gave our construction team an opportunity to re-charge for the final effort in bringing Terronera to a successful completion.”
Southern Silver Exploration Corp. reports that the Company has received approval from the TSX.Venture Exchange for a 30-day extension to close the previously announced non-brokered private placement, consisting of up to 10,000,000 units at a price of $0.22 per Unit for gross proceeds of $2,200,000.
Simon Dyakowski, President & CEO of Aztec, commented, “Aztec had a busy 2024 advancing both of our emerging precious metal discovery projects, highlighted by the commencement of a significant drill program at the Tombstone project, testing a newly developed geological model. On the corporate side, we raised nearly $3.7 million in equity financings and added key technical advisors to the team.”
Luca Mining Corp. is pleased to announce that it, along with an arm’s-length third-party corporation, Jaluca Limited have reached an agreement with Urion Holdings (Malta) Limited (“Urion”, a wholly owned subsidiary of Trafigura Mexico S.A. de C.V.) to repurchase 100% of Luca’s US$5.8 million convertible debenture held by Urion.
A month after a federal court declared the Mexican steelmakeer Altos Hornos de Mexico (AHMSA) bankrupt due to insolvency the trustee has begun the valuation of the steelmaker’s assets for sale at public auction, the company reported.
GR Silver Mining Ltd. announces that the Company has granted Deferred Share Units to eligible persons in accordance with the Omnibus Long-Term Incentive Plan approved by the Board on August 2, 2022 and approved by shareholders at the Company’s Annual General Meeting held on November 12, 2024, and subject to the policies of the TSX Venture Exchange.
Commenting on these announcements today, Mr. Gary C. Evans, Chairman & CEO stated, “We believe the quantities of antimony ore from this second international party will increase significantly over the ensuing months.”
Inomin Mines Inc. announces that it has closed the first tranche of its non-brokered private placement announced on November 7, 2024. Under the First Tranche, the Company issued 2,000,000 flow-through units at a price of $0.05 per FT Unit for gross proceeds of $100,000.
First Majestic Silver Corp. announces that Gatos Silver, Inc. has advised the Company that it has amended and restated its agreements with Dowa Metals & Mining Co., Ltd. regarding the Los Gatos Joint Venture.
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