Americas Gold and Silver Corporation is pleased to announce that it has entered into an amending agreement with Eight Capital, as agent, to upsize the previously announced private placement. In connection with the upsized offering, the Company will issue up to 25,000,000 units of the Company at a price of C$0.30 per Unit for aggregate gross proceeds of up to C$7,500,000.
“The fourth quarter showed steady improvement with positive net income and reduced operating costs,” said Nathan Harte, Chief Financial Officer. “With lower per ounce costs and improved margins, we are well positioned for 2024. With costs stabilizing in Mexico, our team has worked diligently to preserve our cost structure. Working capital has improved throughout the year, up to close to $10 million at the end of the year and we remain confident in our plans to move forward with La Preciosa without significant capital spending.”
Americas Gold and Silver Corporation is pleased to announce that it has entered into an agreement with Eight Capital, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 21,667,000 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$6,500,100.
“The fourth quarter bookended a second consecutive year of operational outperformance at the Camino Rojo Oxide Mine. We are disappointed in the current investment climate in Panama, particularly as it relates to our Cerro Quema Project, but we remain steadfast in our overall near-term strategy; we started 2024 in a net cash position and we are continuing to invest in our growth opportunities in Nevada and Mexico.”
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.”
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