“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.
The United Steelworkers union (USW) is using the Canada United States Mexico Agreement (CUSMA) to file a complaint against Vancouver-headquartered Orla Mining Ltd. (TSX,NYSE:ORLA) over its alleged treatment of Mexican miners who have recently unionized.
GR Silver Mining Ltd. is pleased to report the results from its Annual General Meeting of shareholders held November 12, 2024. Shareholders approved all matters brought before the Meeting, including re-appointing Davidson & Company LLP, Chartered Professional Accountants, as the Company’s auditor and approving the continued use of the Company’s Omnibus Plan.
Riverside Resources Inc. is pleased to announce the completed transfer of its three key Ontario gold properties: Pichette, Oakes, and Duc to its wholly-owned subsidiary, Blue Jay Resources Inc.
Heliostar CEO, Charles Funk, commented, “Heliostar is now a cash flow positive gold producer with significant potential and an under-explored portfolio of properties with significant resource growth potential. Today’s guidance for the second half of 2024 shows strong cash flow margins.”
Prime Chief Executive Officer Scott Hicks commented, “Over the course of the quarter and since the quarter end, Prime has made significant progress. In September, we announced outstanding high-grade gold and silver drill results from Tahonitas at the southern end of the Z-T Trend. We also appointed board member Sunny Lowe, who brings a wealth of financial and industry experience to Prime.”
Chesapeake Gold Corp. announces plans to appeal the Mexican court’s dismissal of its lawsuit challenging the cancellation of its San Vicente 3 mineral concession, a key part of its Metates project, and will continue advancing the project and related studies while pursuing all legal options.
While it is premature to draw any definitive conclusions, Fresnillo has indicated that there is a reasonable possibility that these operational issues might lead to considerable revisions to the Silverstream Agreement.
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