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Pacifica Silver Drills 6.35 m of 2.94 g/t Au and 313 g/t Ag, Including 0.85 m of 9.27 g/t Au and 1,905 g/t Ag; Confirms Northern Extension of the Aguilareña Vein at the Claudia Project
TMX Newsfile· 2025-12-15 12:30
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Pacifica Silver Corp. (CSE: PSIL) (OTCQB: PAGFF) ("Pacifica Silver" or the "Company") is pleased to report assay results from the first 10 of 29 drill holes completed to date in the Company's Phase I, 8,000-metre drill program at its 100% owned Claudia Silver-Gold Project located in the historic El Papantón Mining District in Durango State, Mexico. Initial Phase I Drill HighlightsHole 25CLAU039D intersected 6.35 m of 2.94 g/t Au and 313 g/ ...
First Majestic Completes US$350 Million Offering of Convertible Senior Notes
Newsfile· 2025-12-08 16:43
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) ("First Majestic" or the "Company") announced today the closing of its previously announced offering (the "Offering") of US$300 million aggregate principal amount of 0.125% unsecured convertible senior notes due in 2031 (the "Notes"). The Company also announced the concurrent closing of an additional US$50 million aggregate principal amount of Notes pursuant to the exercise in full ...
GoGold Announces Filing of Final Short Form Prospectus
Newsfile· 2025-11-24 22:51
Core Viewpoint - GoGold Resources Inc. has filed a final short form prospectus for a C$125 million bought deal public offering, consisting of 47,170,000 units priced at C$2.65 each, with each unit comprising one common share and half a warrant [1][2]. Group 1: Offering Details - The offering includes an over-allotment option allowing underwriters to purchase up to an additional 15% of the offering within 30 days of closing [2]. - The closing of the offering is expected around November 27, 2025, with conditional approval from the Toronto Stock Exchange [3]. Group 2: Company Overview - GoGold Resources is a Canadian-based silver and gold producer focused on high-quality projects in Mexico, including the Parral Tailings mine and the Los Ricos exploration projects [6]. - The company aims to build a portfolio of low-cost, high-margin projects [6].
AbraSilver Submits RIGI Application for the Diablillos Project
Newsfile· 2025-11-21 12:30
Core Points - AbraSilver Resource Corp. has submitted an application for its Diablillos silver-gold project to be included under Argentina's Large Investment Incentive Regime (RIGI) [1][2] - RIGI aims to attract major development projects in Argentina by providing long-term fiscal stability agreements and various tax, customs, and foreign-exchange benefits [2] - Approval under RIGI is expected to enhance project economics and investment certainty as Diablillos progresses to its next development phase [2] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project located in Salta province, Argentina [3] - The current Measured and Indicated Mineral Resource estimate for Diablillos is 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [3] - The company has an earn-in option and joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina [3]
Avino's Q3 Results Demonstrate Production Consistency and Advancement of La Preciosa Ahead of Schedule
Accessnewswire· 2025-10-14 10:45
Core Insights - Avino Silver & Gold Mines Ltd. reported strong production performance in the quarter, achieving 580,780 silver equivalent ounces [1] - The production figure reflects steady operational performance, although it is slightly lower than the previous quarter due to normal mine sequencing [1] Company Performance - The company continues to be a long-standing silver producer in Mexico, indicating a stable operational history [1] - The slight decrease in production compared to the previous quarter is attributed to typical mine sequencing practices [1]
Pacifica Silver Identifies New Extensions to Mineralized Veins at Claudia Silver-Gold Project; Provides Phase I Drill Program Update
Newsfile· 2025-10-09 12:00
Core Insights - Pacifica Silver Corp. has identified new high-priority drill targets at its Claudia Silver-Gold Project in Durango, Mexico, based on assay results showing up to 23.6 g/t Au and 480 g/t Ag from 325 surface rock chip samples collected in 2022 [1][2] - The Phase I drill program commenced on September 22, 2025, with plans to apply for permits to drill the new targets in Q1 2026 [1][2] Exploration Results - Recent assay results confirm that high-grade gold and silver mineralization is more extensive than previously recognized, with mineralization present at surface for at least 1.5 kilometers between historical workings [2] - The highest single sample assay result was 22.7 g/t Au and 480 g/t Ag, indicating potential mineralization extending further south towards the Mina de Oro vein system [2] - A total of 322 surface rock-chip and three mine dump samples were collected in 2022, with approximately 85% from vein outcrops south and east of the Tres Reyes workings [4] Sample Highlights - The top 13 samples (4%) assayed ≥100 g/t Ag, with a maximum of 480 g/t Ag and an average of 257 g/t Ag and 3.59 g/t Au [11] - Across all 325 samples, the average grade was 20 g/t Ag and 0.43 g/t Au [11] Drilling Program Update - The Phase I drilling program is designed to delineate and expand known mineralization, with 647 meters completed across the first three holes as of October 8, 2025 [13][14] - The company plans to add a third drill rig in November 2025 to test the permitted northern zone of the Veta Justina area [14] Project Overview - The Claudia Silver-Gold Project spans 11,876 hectares and encompasses most of the historic El Papantón Mining District, where at least nine small mines operated throughout the 20th century [21] - Only 10% of over 30 kilometers of known veins have been drilled, indicating significant potential for new high-grade discoveries [21]
AbraSilver Announces $43.4 Million “Bought Deal” Life Private Placement to Advance Diablillos Project
Globenewswire· 2025-10-06 20:58
Core Points - AbraSilver Resource Corp. has entered into an agreement with National Bank Financial Inc. and Beacon Securities Limited for a bought deal offering of 6,113,000 common shares at C$7.10 per share, aiming for gross proceeds of C$43,402,300 [1][2] - The company may also conduct a concurrent private placement offering, allowing Kinross Gold Corporation and Proener SAU to purchase additional shares under a participation right [2][3] - The funds raised will be used to accelerate the development of the Diablillos silver-gold project in Argentina, including early development expenditures and securing critical items [3][4] Offering Details - The closing date for the offering is expected around October 22, 2025, subject to necessary approvals [4] - The offering will be made under the listed issuer financing exemption, allowing shares to be sold in Canada and potentially in the U.S. under certain exemptions [5][7] Company Overview - AbraSilver is focused on advancing its 100%-owned Diablillos silver-gold project, which has a current resource estimate of 73.1 million tonnes grading 79 g/t silver and 0.66 g/t gold, containing approximately 186 million ounces of silver and 1.6 million ounces of gold [9] - The company is led by an experienced management team and has supportive shareholders, with additional projects including a joint venture with Teck on the La Coipita project [9]
Sierra Madre Announces Nazareno Silver and Gold Mine Preparing for Production
Newsfile· 2025-09-30 11:00
Core Insights - Sierra Madre Gold and Silver Ltd. has commenced underground development at the Nazareno silver and gold mine within the La Guitarra complex in Mexico, with over 700 tonnes of mineralized material already delivered to the processing plant [1][2] - The company anticipates that Nazareno will significantly contribute to silver and gold production, with plans to more than double processing capacity from 500 tonnes per day by Q3 2027 [2] - Recent development blasting has revealed multiple silver and gold-bearing veins merging into a zone up to 8 meters wide, indicating potential for increased resource extraction [2][7] Mineral Resource Estimate - The 2023 Mineral Resource Estimate for Nazareno includes: - Indicated: 309,877 tonnes with 257.3 g/t AgEq, 214.9 g/t Ag, and 0.55 g/t Au, totaling 2,564,000 AgEq ounces - Inferred: 753,784 tonnes with 251.5 g/t AgEq, 229.2 g/t Ag, and 0.29 g/t Au, totaling 6,096,000 AgEq ounces [4][6] Production Grades - A reconciliation of the silver-gold material produced from development blasting shows that production silver grades are 40% higher and gold grades are 30% higher than those in the 2023 resource model [3][4] Development Plans - Initial development work at Nazareno will involve blasting to fully expose the mineralized zone and assessing the feasibility of long hole mining [7] - The company has acquired a new Ingertrol Sandy 50 drill rig to enhance drilling capabilities, which will reduce development costs by allowing for shorter drilling from a single drive [10][11] Marketing and Social Media Engagement - Sierra Madre has engaged Capital Analytica for marketing and social media services for an initial six-month term at a fee of $120,000 (U.S.), subject to TSX-V approval [12]
Vizsla Silver Enters US$220M Project Finance Mandate with Macquarie to Fund Development of the Panuco Project
Prnewswire· 2025-09-05 07:15
Core Viewpoint - Vizsla Silver Corp. has secured a mandate letter with Macquarie Bank for a senior secured project finance facility of up to US$220 million to fund the Panuco silver-gold project in Sinaloa, Mexico [1][4]. Financing Details - The facility will be arranged by a syndicate of banks, with Macquarie holding a 70% interest and managing the remaining 30% [2]. - An initial US$25 million early-drawdown tranche may be accessed for early development and working capital, with the remaining funds contingent on customary conditions [3]. - The expected interest cost for the facility is approximately 10% during construction and below 10% post-completion, with a margin of 5.75% and 5.25% respectively [3]. Project Development - The Panuco project is a high-grade silver-gold discovery covering 7,189.5 hectares, with significant existing infrastructure [8]. - The project has an estimated in-situ combined measured and indicated mineral resource of 222.4 million ounces of silver equivalent (AgEq) and an inferred resource of 138.7 million ounces AgEq [10]. - A Preliminary Economic Study indicates an annual production of 15.2 million ounces AgEq over an initial mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an 86% IRR [11]. Strategic Partnerships - The partnership with Macquarie is seen as a significant step towards de-risking the Panuco project and facilitating its transition into production [4]. - The selection of Macquarie was based on competitive terms and alignment with the project's development timeline [4]. Operational Progress - The Morgan test mine is providing evidence of the technical capabilities and operational discipline of the Vizsla team, validating key assumptions for the feasibility study [5]. - The company is on schedule with key de-risking milestones, positioning itself for a seamless transition into construction [4].
Vizsla Silver Enters US$220M Project Finance Mandate with Macquarie to Fund Development of the Panuco Project
Prnewswire· 2025-09-05 07:15
Core Viewpoint - Vizsla Silver Corp. has secured a senior secured project finance facility of up to US$220 million with Macquarie Bank to fund the construction and development of the Panuco silver-gold project in Sinaloa, Mexico [1][4]. Financing Details - The facility will be arranged by a syndicate of banks, with Macquarie holding a 70% interest and managing the remaining 30% [2]. - An initial US$25 million early-drawdown tranche will be available for immediate funding, with the remaining balance contingent on customary conditions [3]. - The expected interest cost during construction is approximately 10%, with a margin of 5.75%, and below 10% post-completion with a margin of 5.25% [3]. Project Overview - The Panuco project is a high-grade silver-gold discovery covering 7,189.5 hectares, with over 86 kilometers of vein extent and existing infrastructure [8]. - The project has an updated mineral resource estimate of 222.4 million ounces of silver equivalent (AgEq) in measured and indicated resources, and 138.7 million ounces AgEq in inferred resources [10]. Company Strategy - Vizsla aims to become a leading silver company by advancing the Panuco project while continuing district-scale exploration [11]. - The company has received significant interest from multiple banks and alternative lenders, ultimately selecting Macquarie for its attractive cost of capital and alignment with the project timeline [4]. Development Progress - The Morgan test mine is providing evidence of the company's technical capabilities and operational discipline, validating assumptions for the feasibility study [5]. - The closing of the financing facility is targeted for Q1 2026, aligning with the broader project development schedule [6].