Precious Metals

What Evergrande Confirmed About Gold and Bitcoin

It's the biggest company you've never heard of—until last week, that is. Evergrande Group, the "too big to fail" Chinese property developer, rattled markets last Monday when it missed interest payments to at least two of its lenders. This gave more than a few investors flashbacks to Lehman Brothers' demise in 2008, which helped trigger the global financial crisis. The selloff spread to U.S. markets, and I was pleased to see that gold maintained its haven status. The yellow metal ended the day slightly up more than half a percent, passing an important "stress test" of its investment case in the age of Bitcoin. Read More >>

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Fortuna reports on Yaramoko's updated reserves and resources evaluation work and its Brownfields exploration program

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) provides an update on the evaluation work of the Mineral Reserves and Mineral Resources and the brownfields exploration program at the Yaramoko Mine complex in Burkina Faso.

Following the completion of Fortuna's acquisition of Roxgold Inc. on July 2, 2021, the Company updated the technical report previously filed by Roxgold in 2017 and filed a new technical report on March 30, 2022 (the "2022 Technical Report") to describe the proposed open pit mining operation at the 55 Zone as disclosed by Roxgold on November 10, 2020. During the first half of 2022, the Company carried out additional exploration drilling and a re-evaluation of the modeling and estimation techniques to improve the definition of the mineralization. A summary of the drilling and evaluation programs completed at Yaramoko during 2022 are summarized below, together with the highlights of its brownfields exploration program.

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Galena Mining

Activities and Cashflow Report For Quarter Ended 31 December 2022

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) reports on its activities for the quarter ended 31 December 2022 (the “Quarter”), primarily focused on construction of its 60%- owned Abra Base Metals Mine (“Abra” or the “Project”) located in the Gascoyne region of Western Australia.

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Endeavour Silver Announces Filing of NI 43-101 Technical Reports for Guanacevi and Bolañitos Mines

Endeavour Silver Corp. ("Endeavour" or the "Company") (TSX: EDR, NYSE: EXK) announces today it has filed technical reports (the " Technical Reports ") prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The Technical Reports are entitled "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Guanaceví Project, Durango State, Mexico" (the " 2022 Guanacevi Report ") with an effective date of November 5, 2022, and "NI 43-101 Technical Report: Updated Mineral Resource and Reserve Estimates for the Bolañitos Project, Guanajuato State, Mexico" (the " 2022 Bolañitos Report ") with an effective date of November 9, 2022 and are co-authored by the Company and by Hard Rock Consulting, LLC (" Hard Rock "), a full-service geologic and mine engineering firm.

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MAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private Placement

MAG Silver Corp. (TSX NYSE American: MAG) (" MAG " or the " Company ") announced today that it is has entered into an agreement with a syndicate of underwriters (the " Underwriters ") led by BMO Capital Markets and Raymond James Ltd. under which the Underwriters have agreed to buy on a bought deal basis 2,735,000 common shares (the " Common Shares ") at a price of US$14.65 per Common Share for gross proceeds of approximately US$40 million (the " Public Offering" ). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Public Offering, to purchase up to an additional 15% of the Public Offering to cover over-allotments, if any.

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Fortuna provides update on San Jose's Environmental Impact Authorization

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI ) is pleased to report that the Mexican Federal Administrative Court (the "Court") has granted a provisional injunction to Compañia Minera Cuzcatlan ("Minera Cuzcatlan"), Fortuna's Mexican subsidiary, which allows the San Jose Mine to continue to operate under the terms of the 12-year environmental impact authorization ("EIA").

Minera Cuzcatlan initiated legal proceedings (the "Legal Proceedings") to contest and revoke the annulment of the EIA in response to the resolution issued by the Secretaria de Medio Ambiente y Recursos Naturales ("SEMARNAT"). SEMARNAT is re-assessing the 12-year extension to the EIA for the San Jose Mine that it granted to Minera Cuzcatlan in December 2021 (refer to Fortuna news releases dated December 20, 2021 and January 5, 2023).

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First Majestic Produces 7.6M AgEq Oz in Q4 2022 and a Record 31.3M AgEq Oz in 2022; Annual Retail Silver Bullion Sales Increase 27% to New Record; Announces 2023 Production and Cost Guidance and Conference Call Details

First Majestic Silver Corp. (NYSE: AG) (TSX: FR) ("First Majestic" or the "Company") announces that total production in the fourth quarter of 2022 from the Company's four producing operations, the San Dimas SilverGold Mine, the Jerritt Canyon Gold Mine, the Santa Elena SilverGold Mine and the La Encantada Silver Mine reached 7.6 million silver equivalent ("AgEq") ounces, consisting of 2.4 million silver ounces and 63,039 gold ounces. Total production for the full year of 2022 reached a new Company record of 31.3 million AgEq ounces, consisting of 10.5 million silver ounces and 248,394 gold ounces, or a 16% increase compared to 2021.

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