Mr. Ralph Shearing, CEO, commented, “The upside potential at Cerro Prieto is incredibly exciting, promising substantial expansion and new opportunities for growth. We intend to maximize and optimize this mine to its very best performance. As our foundational asset, Cerro Prieto will remain central to our strategy as we advance toward becoming a leading intermediate gold producer.”
“Desde la Secretaría de Economía de Sinaloa hemos acompañado este proyecto con gestiones clave que han permitido su avance, siempre con un enfoque de sostenibilidad y responsabilidad social”, expresó.
Jody Kuzenko, President and CEO of Torex, stated: “Following almost three years to the day of the release of our feasibility study for the Media Luna Project, we have completed the tie-in period at our processing plant and achieved first production of copper concentrate. This milestone represents substantial completion of the project and the beginning of the next chapter in the evolution and growth of Torex as we become a gold and copper producer.”
Silver Tiger Metals Inc. is pleased to announce it has entered into an agreement with Stifel Canada and Desjardins Capital Markets, to act as co-lead underwriters and joint bookrunners pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 45,455,000 common shares of the Company at a price of C$0.33 per Common Share for gross proceeds to the Company of approximately C$15,000,150.
MAG Silver Corp. reported strong financial results for the year ending December 31, 2024, with a net income of $77.8 million, driven by its Juanicipio mine’s performance. The company declared an inaugural dividend of $0.18 per share and achieved silver production of 18.6 million ounces. Key operational highlights include an improved silver recovery rate and strong cash flow from Juanicipio.
Bear Creek Mining Corporation announces that Andrew Swarthout and Sandra Daycock have retired from the Board of Directors.
Almaden Minerals Ltd. announces that it has filed its memorial submission relating to its international arbitration proceedings under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership with the United Mexican States.
Capstone Copper Corp. announces that it has successfully completed the pricing of its offering of $600 million aggregate principal amount of 6.750% senior notes due 2033.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: “This accelerated payment to Glencore highlights our strong financial discipline and commitment to seeking out and capitalizing on opportunities to enhance shareholder value.”
Revenues for the full year of 2024 increased 72% to $14.9 million, an increase of $6.2 million compared to revenues reported in calendar year 2023 of $8.7 million. Cost of sales decreased 5%, or $567K, during the same period. This in-turn allowed gross profit to increase 204%, or $6.8 million.
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