Reyna Silver Corp. is pleased to announce that it is has increased the size of its non-brokered listed issuer financing exemption (LIFE) private placement previously announced on February 14, 2024, due to investor demand. The amended Offering is for up to 20,833,333 units of the Company at a price of $0.12 per Unit for gross proceeds of up to approximately $2,500,000, increased from $1,500,000.
Hecla Mining Company today announced the appointment of Mark P. Board as a Director effective February 23, 2024.
Sierra Madre Gold and Silver Ltd. is pleased announce a non-brokered private placement with an existing long-term institutional shareholder the Company. The Offering consists of 3,571,428 shares for aggregate gross proceeds to the Company of $1,000,000 at a price of $0.28 per share.
“The 2023 drilling program has reinforced our confidence in the ability to continue to grow resources and extend the reserve life of ELG Underground, all with a goal of filling the mill with higher-grade feed and maintaining annual gold equivalent production of +450,000 ounces beyond 2027.”
For 2024, the San Agustin mine in Mexico is expected to remain operating. However, La Colorada has been placed on care and maintenance due to the large capital required to pre-strip the mine. El Castillo is in reclamation.
The Company generated annual revenues totaling $573.8 million in 2023, or 8% lower compared to 2022, primarily due to the temporary suspension of mining activities at Jerritt Canyon in March 2023. As a result, the Company realized a 10% decrease in the total number of payable AgEq ounces sold, which was partially offset by an increase in payable AgEq ounces produced at Santa Elena, combined with a 4% increase in the average realized silver price.
Kootenay Silver Inc. announces that it has closed the second and final tranche of its previously announced (see news releases dated February 1, 5 and 16, 2024) non-brokered private placement of units of the Company at a price of $0.75 per Unit for aggregate gross proceeds of $237,525. The Company received total aggregate gross proceeds of $3,720,587 from the Offering.
Eric Caba, President and CEO of Bear Creek states, “I am pleased to welcome Zoya Shashkova to the Company. Her deep understanding of finance and accounting will be invaluable as we continue to develop and grow Bear Creek. Zoya’s meticulous style and “boots on the ground” approach will add significant value to the management team.”
Beginning next week, Rob Atkinson will transition all of his remaining responsibilities to Newmont’s new COO, Natascha Viljoen. He will then officially step down from the Newmont Executive Leadership Team, effective May 2, 2024.
Greg McKenzie, President and CEO, commented: “Drill results from within the C460 Zone continue to deliver exceptional results. The high-grade mineralization reported today in hole Q-23-022A extends this zone 62 metres below hole Q-23-020 (1,810 g/t Ag.Eq over 14.6 m). Combined, these two holes have demonstrated the mineralization extends 74 metres below the last mined stope (1767 EL), with higher grades and widths than what was previously mined in this area. We will follow up with additional drilling in this location in 2024.”
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