“There couldn’t be a better time, since we acquired the property in 2006 and gold prices were much lower than the current $2400 per ounce, to be monetizing the mineralization left behind in the historic workings and to be exploring for new mineral bodies,” states Joanne Freeze, President and CEO of Xali Gold.
Michael Tucker, lead geologist and director states, “We are excited to continue drilling at Dios Padre. The drill crew will mobilize upon closing of the financing. Drill results to date continue to demonstrate what looks to be a high grade, high-sulphidation, gold-copper-silver system proximal to a porphyry source. We are looking forward to expanding on our exceptional results as they clearly demonstrate the potential of this system.”
“During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedication to responsible mining has been foundational to achieving one of the best growth profiles in the sector,” said President & CEO John McCluskey.
Sierra Metals Inc. is pleased to announce, further to the May 22, 2024 news release, the completion of the sale of the Cusi Mine and surrounding mineral concessions located in Mexico to Minera San Bernabé, S.A. de C.V., a subsidiary of Silverco Mining Corp.
Aztec Minerals Corp. is pleased to announce that it is amending the terms of its non-brokered private placement financing, previously announced on July 16, 2024, for up to 13,888,888 units of the Company at a price of C$0.18 per Unit for aggregate gross proceeds of up to C$2,500,000, increased from C$1,500,000.
“2023 was an exciting and transformative year for MAG and all of our stakeholders. Looking ahead, we remain focused on fulfilling our commitments, optimizing operational efficiencies and advancing our exploration initiatives,” said George Paspalas, MAG’s President and Chief Executive Officer.
“Consistent with our plans, our operations delivered a robust quarter, and we are well-positioned for a strong second half of 2024”, said Keith Neumeyer, First Majestic’s President & CEO. “We are extremely pleased with the production trajectory at Santa Elena, allowing us to revise our guidance upwards on the back of increased throughput and significantly higher gold grades.”
Angel Wing Metals Inc. is pleased to announce voting results from the Company’s Annual General and Special Meeting of Shareholders held on July 15, 2024.
“The Galena Complex had a terrific operating quarter with silver production at the highest level in over 10 years.” stated Americas President and CEO Darren Blasutti.
Proceeds of the Offering will be used to finance exploration activities at the Company’s properties in Arizona as well as for working capital and general corporate purposes.
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