Goldgroup Mining Inc. is pleased to announce a non-brokered private placement of up to 3,181,818 units of the Company at a price of $0.055 per Unit for aggregate gross proceeds of up to approximately $175,000.
John MacKenzie, CEO of Capstone, commented, “The third quarter marked an important step in the transformation of our business, with tangible delivery on our peer leading growth. Our operations in Chile exhibited meaningful milestones at both our flagship Mantoverde Development Project (where we achieved commercial production) and at Mantos Blancos (which has now demonstrated that it is capable of delivering its nameplate capacity). We expect Q4 to be our strongest quarter of the year, providing a glimpse of the future Capstone with a larger production base and lower unit operating costs.
Capitan Silver Corp. has appointed Fernando Alanís Ortega, former CEO of Industrias Peñoles, to its Board of Directors. Alanís brings over 30 years of mining experience and will support Capitan’s strategic goals, especially for its Cruz de Plata project in Mexico. He was also a past President of CAMIMEX.
Defiance Silver Corp. announces the extension of the San Acacio Silver Project option agreement and the acquisition of an additional six licenses at its Tepal project as part of the company’s exploration program.
“We are excited to report record financial results for a fourth consecutive quarter. Our focus on operational performance, cost control and capital discipline has allowed us to deliver the leverage to record gold prices to our shareholders. This quarter we repaid $375 million of debt, increased our cash position and continued to provide strong returns to shareholders,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
Orogen Royalties held its Annual Meeting, where all proposed resolutions were approved, confirming the company’s ongoing commitment to organic royalty development.
Radius Gold successfully raises CAD $580,500 through a private placement, advancing its ongoing exploration initiatives with solid investor backing. Each unit issued includes a common share and a warrant, reflecting Radius’s commitment to growth and stakeholder value.
Pursuant to the Private Placement, the Company issued an aggregate of 125,000,000 Subscription Receipts at an issue price of C$0.40 per Subscription Receipt, for gross proceeds of C$50 million, which included 12,500,000 Subscription Receipts issued pursuant to the exercise, in full, of the Underwriters’ option granted to the Underwriters in connection with the Private Placement.
“We are delighted to welcome the Reyna Gold shareholders to Reyna Silver,” said Jorge Ramiro Monroy, CEO of Reyna Silver. “We thank all the shareholders for their recognition of the synergies and strong support of the merger. Now, we can all look forward to results from our current drill campaign at Gryphon together.”
Silver Dollar Resources Inc. has completed the previously announced non-brokered private placement financing that raised gross proceeds of $1,500,000.
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
