Silver Bull Resources, Inc. is pleased to announce that, subject to approval of the Toronto Stock Exchange it intends to complete a non‑brokered private placement of up to 11,685,000 units at a price of C$0.11 per Unit, for gross proceeds of up to $1,285,350.
The PEA demonstrates the potential viability for a nine-year life of mine, open pit, heap leach mining operation with an initial two-year production rate of 4,000 metric tonnes per day and an increase to 12,000 mtpd for the remaining LOM.
Duane Poliquin, Chair of Almaden, stated, “While we await a decision regarding the substance and legality of the Submission, the injunction will prevent the Government of Mexico from declaring “freedom of land” in the area covered by Almaden’s mineral title applications. However, we are acutely aware of the damage already caused to our stakeholders over the past several years by this ongoing arbitrary treatment and we are considering additional legal remedy to address the loss of rights in Mexico.”
“This unnecessary strike has caused significant hardship for all of our employees, contractors, host communities, suppliers and customers,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “We will continue to honor our commitments, comply with the law and the Collective Bargaining Agreement, and work to protect the long-term value of Peñasquito.”
During the third quarter of 2023, the Camino Rojo Oxide Mine produced and sold 32,425 and 31,060 ounces of gold, respectively. Year to date, Camino Rojo has been performing better than plan and, as a result, the Company is increasing full year gold production guidance to 110,000 to 120,000 ounces from its initial guidance of 100,000 to 110,000 ounces.
Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $700,000.
The proceeds from the Private Placement will be used to fund growth activities at the Company’s mines at Yaruicocha, Peru and Bolivar, Mexico, and for strategic capex and general working capital purposes.
Guanajuato Silver Company Ltd. is pleased to announce that it has completed its previously announced shares-for-debt transaction totalling C$937,065.60 through the issuance of 2,928,330 common shares, including 468,750 Shares issued to one non-arms-length parties to settle of indebtedness totalling C$150,000.
The complaint, which was filed in August but announced only on Thursday, centers on remediation funding for eight polluted townships in Sonora.
“Our operations continued to deliver strong performance during the quarter and we’re on track to meet our 2023 guidance,” said Keith Neumeyer, President & CEO. “We are extremely pleased with the production trajectory at Santa Elena, with Ermitaño’s metal recovery and mill throughput reaching another quarterly record in Q3, combined with high silver and gold grades. Over the past years, we deployed several projects and technologies at Santa Elena which are now paying off and we are excited about the future of this operation.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
