Category: Investor’s Corner

Orex Minerals Inc. is pleased to announce that the Company intends to undertake a non-brokered private placement financing to raise gross proceeds of up to $1,000,000 from the sale of up to 6,666,667 units at a price of $0.15 per Unit, each Unit consisting of one common share of the Company and one warrant.

Paddy Nicol, CEO of Orogen, commented: “Orogen’s profit primarily resulted from record royalty revenue from the Ermitaño gold-silver Mine where increased production rates, strong gold grades and improvement in recoveries were achieved. Prospect generation remains profitable and we continue to obtain payments and transact on projects that organically grow our royalty portfolio. In addition, our positive cashflow from operations continues to strengthen our balance sheet and allows us to take advantage of counter cyclical opportunities in the current market.”

Bear Creek Mining Corporation announces that further to the Company’s news release dated October 19, 2023, the Company has entered into an amendment agreement to amend the convertible promissory note in the amount of US$26,632,458 issued to Equinox Gold Corp. on October 19, 2023.

Eric Caba, Bear Creek’s President and CEO, stated, “We are systematically addressing the short term challenges in front of us to realize the potential in Mercedes and recoup the value lost across the last year. The restructuring of the debt and stream burden has set Bear Creek up to begin positive cash generation going forward and continue to advance Corani, our cornerstone asset. We are building a management and technical team, supported by the Board, that is focused on increasing margins as well as production.”

James Anderson, Chairman & CEO of Guanajuato Silver, said, “Guanajuato Silver remains committed to achieving mid-tier producer status through a rapid combination of accretive mine acquisitions and the optimization of our existing mine portfolio. Over the third quarter we conducted a shift in operating tactics as we adjusted mining operations to target higher grades at Valenciana and El Cubo, and to achieve better efficiencies at Topia through an entirely new business model.”

The proceeds of this financing will be used exclusively for qualifying Canadian Exploration Expenditures (CEE) and Canadian Development Expenditures (CDE), within the meaning of subsection 66(15) of the Income Tax Act (Canada), on McEwen’s properties in the Timmins region.

US copper major Freeport-McMoRan has ordered more than €10 million of Metso tankhouse material handling equipment for its El Paso electrorefinery in Texas.

“With an eye on cost controls amidst a difficult inflationary environment coupled with a strong Mexican Peso, we continue to invest in exploration to improve silver grades at Zacualpan while aiming to grow our zinc resources and output at Plomosas,” said Fred Davidson, President & CEO.

Chuck Jeannes, Chairman of the Board of Orla, commented, “On behalf of the Board, I welcome Rob to Orla Mining. He brings a wealth of experience, particularly in geology, from his over 35-year career in the natural resources sector. We look forward to Rob’s contributions as we continue to invest in our large and prospective exploration portfolio.”