Bear Creek Mining Corporation announces that pursuant to the amended and restated secured promissory note dated January 22, 2024 issued by the Company to an affiliate of Sandstorm Gold Ltd. funds in the amount of US$750,000 were drawn down by the Company.
The Company’s Rodeo mine (Durango State, Mexico) concluded operations in June 2023 and finished processing stockpiled material in September 2023. From its inception in January 2021 through December 31, 2023, Rodeo produced 31,126 ounces gold and 126,151 oz. silver.
Paddy Nicol, CEO of Orogen, commented: “The year 2023 was transformative for Orogen where we have achieved record financial performance. This was largely due to increased production from the Ermitaño mine and strong performance in our Prospect Generation business.”
“Our quarterly results showed a great improvement in earnings from mining operations as a result of increased production of metal and, of course, the better metal prices overall,” reported Robert Eadie, CEO of the Company. “We expect the metal production to show further increases into the next quarters as we benefit from our exploration initiatives.”
Sandstorm Gold Ltd. is pleased to provide updates on various developments from the Company’s diversified royalty portfolio.
Ernesto Balarezo, CEO of Sierra Metals, commented, “2023 was a tremendous turnaround year for Sierra Metals. The team’s efforts to identify and execute initiatives to increase efficiencies, reduce costs, and enhance safety practices have allowed the Company to deliver upon our operating and corporate objectives for the year. Our mines, Yauricocha and Bolivar, increased production and lowered costs allowing us to meet production guidance and generate over $50 million of EBITDA but more importantly we were able to operate at improved safety standards.”
Guanajuato Silver Company Ltd. announces the granting of stock options and restricted share units (RSUs) to select officers, directors, employees and consultants under the Company’s stock option plan and omnibus equity compensation plan, respectively.
In total, the Company issued 26,443,500 Units in the course of the Offering for total gross proceeds of C$2,644,350.
Almaden Minerals Ltd. is providing an update regarding its Request for Consultations delivered to the United Mexican States and its listing on the NYSE American stock exchange.
Guanajuato Silver’s Chairman & CEO, James Anderson said, “During the month of February we generated over 50,000 ounces of silver equivalent through our first 3rd party processing agreement. With this new agreement, we will have moved our milling facilities one step closer to full operating capacity through the processing of additional low-cost, locally sourced, mineralized material.”
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