Category: Investor’s Corner

“Our operational results for the final quarter of 2023 were in line with our mine plan and guidance even though our financial results were lower than planned,” stated Allen Palmiere, President and CEO for the Company. “Factors that are out of our control affected our bottom line, including a strengthened Mexican Peso to the US dollar, increased local power costs, and lower metal prices for our co-product metals of copper, lead, and zinc.”

“We are delighted to receive so much interest in the Offerings from both new and existing shareholders including significant participation from management and insiders,” said Jorge Ramiro Monroy, CEO of Reyna Silver. “We are excited to hit the ground running for our summer drill campaign at Gryphon.”

Kevin Brewer, President and CEO of CMC noted “The decision by SEMARNAT to not extend the permit renewal at the Gavilanes project is disappointing. The preparation and filing of the application was the sole responsibility of the property owner and as a result CMC was left with no choice but to pull out of the agreement to initiate the acquisition of Gavilanes.”

VVC Exploration Corporation, dba VVC Resources,is pleased to announce the addition of Mr. Steve Looper to its Board of Directors. Mr. Looper brings a wealth of experience and expertise to the Company’s leadership team, with an impressive track record in the oil and gas industry and a commitment to sustainable and innovative energy solutions.

Sonoro Gold Corp. is pleased to announce the appointment of Katharine Regan to the Company’s Board of Directors, in addition to her position of Vice President of Corporate Development and Corporate Secretary.

Regency Silver Corp. is pleased to announce that it has closed a further $253,500 of a previously announced non-brokered private placement of $800,000.

Commenting on the closure of operations in Latin America, Mr. Gary C. Evans, Chairman and Co-CEO of U.S. Antimony stated, “Based upon a thorough review of historical financial numbers of our Mexican operations, which was only possible after retention of a new CFO mid-year 2023, it became painfully obvious that these operations have always been unprofitable.”

N. Eric Fier, CEO, commented, “2023 marked a successful first full year of commercial production at Las Chispas, with the Operation exceeding the high end of sales guidance, beating the low end of AISC guidance, delivering impressive operating margins of 61%, and generating $121.1 million in free cash flow. We are extremely proud that within seven months of declaring commercial production we became debt free, after repaying $50.0 million in debt in the first half of 2023.”

Goldgroup Mining Inc. is saddened to report a fatality at its Cerro Prieto mine in Sonora, Mexico late evening local time March 5, 2024. In an isolated incident a mining contractor’s dozer operator was fatally injured while operating a D8 dozer.