“This quarter reflects the 2-month closure of mining operations due to the safety standards upgrades that were required by the Mexican Labor Department,” stated Robert Eadie, Chief Executive Officer. “Since October 20th, we have returned to our previous robust mining and plant operations which will be reflected in the next quarter.”
On the same day that Mexican businessman and politician Alonso Ancira Elizondó lost ownership of the steel company Altos Hornos de México (AHMSA) due to the bankruptcy declaration, the “Special Commission” created by the Senate of the Mexican Republic began sessions.
“The SART Zinc circuit addition which we completed in the year has performed well. Not only has the circuit given us a saleable zinc precipitate, but also removing zinc from the solution has increased the leachability of the gold and silver. This has significantly increased the production and profitability at Parral, which we are seeing in our current December quarter,” said Brad Langille, President and CEO.
With AHMSA under the administration of the trustee (auxiliary of the judicial power), “the orderly liquidation process begins, which has as its main objective to obtain the best offer for the sale of the company’s assets.”
“This funding is not just a testament to Fleet Space’s growth, strong investor confidence, and sustained innovation in core technologies needed to address dual challenges of climate change and mineral exploration. It’s a signal that in a period of turbulent macroeconomic conditions, the shared commitment to build technologies needed for Earth’s clean energy future combined with solid business execution can attract the right partners,” said Federico Tata Nardini, Chief Financial Officer and Chief Investment Officer of Fleet Space.
The Claim is being prosecuted pursuant to the established and enforceable legal framework of the International Centre for Settlement of Investment Disputes. The Company is financing the Claim with up to US$9.5 million in non-recourse litigation funding provided by a leading legal finance counterparty.
“There is a lot of interest from the companies, a lot of commitment to continue investing in Mexico,” Ana Lopez, manager of Newmont’s unit in Mexico said, although she noted that “the best conditions in terms of certainty, opportunity and collaboration are also necessary for us to continue to do so.”
United States Antimony Corporation announced today the decision by its Board of Directors to move its corporate headquarters to Dallas, Texas, from Thompson Falls, Montana.
Alexander Langer, Sierra Madre CEO and President states, “Since acquiring La Guitarra in the spring of 2023 the Company has been focused on executing its goal of restarting production. We are pleased to have reached industrial production at the processing plant, on budget and over 6 months before original guidance.”
Defiance Silver Corp. would like to clarify certain statements contained in its news release dated October 30, 2024.
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