BVL

Rio2 Announces Receipt of First Deposit of US$25 Million From Fenix Gold Stream

Retrieved on: 
Tuesday, March 29, 2022

The Gold Stream is a component of the previously announced US$125 to US$135 Million financing package to fully fund the Fenix Gold Project to production.

Key Points: 
  • The Gold Stream is a component of the previously announced US$125 to US$135 Million financing package to fully fund the Fenix Gold Project to production.
  • Under the Gold Stream, WPMI will purchase 6.0% of the gold production until 90,000 ounces of gold have been delivered, thereafter dropping to 4.0% of the gold production until 140,000 ounces of gold have been delivered, after which the Gold Stream will reduce to 3.5% of the gold production for the life of mine from the Fenix Gold Project.
  • A second deposit of US$25,000,000 will be paid to Rio2 following the receipt of the EIA approval for the Fenix Gold Project, and subject to satisfaction of certain other customary conditions.
  • Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy.

Sierra Metals Announces Filing of NI 43-101 Technical Report for Updated PEA on the Expansion of Its Yauricocha Mine in Peru

Retrieved on: 
Thursday, March 3, 2022

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or Company) has filed an updated technical report (the Report) prepared in accordance with National Instrument 43-101 on the expansion of its Yauricocha Mine in Peru.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or Company) has filed an updated technical report (the Report) prepared in accordance with National Instrument 43-101 on the expansion of its Yauricocha Mine in Peru.
  • View the full release here: https://www.businesswire.com/news/home/20220303005880/en/
    Image 1: Raptor Drill at Bolivar (Photo: Business Wire)
    The Report dated February 25, 2022 with an effective date of March 31, 2021, is entitled Preliminary Economic Assessment, Yauricocha Mine, Yauyos Province, Peru.
  • The Report was prepared for Sierra Metals by SRK Consulting (Canada) Inc. (SRK) and Redco Global Peru S.A.C.
  • There are no material differences in the Report from those results disclosed in the Companys press release dated January 20, 2022.

Sierra Metals Announces the Appointment of Dawn Whittaker to Its Board of Directors

Retrieved on: 
Thursday, February 24, 2022

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or Company) announces the appointment of Ms.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or Company) announces the appointment of Ms.
  • Dawn Whittaker to its Board of Directors effective immediately.
  • She is currently Chair of the Board of Directors and a member of the Audit Committee for Triple Flag Precious Metals Corp. and previously served on the Board of Directors for Detour Gold and Kirkland Lake Gold.
  • Jose Vizquerra, Chairman of Sierra Metals, commented: On behalf of the Board and Management, I would like to welcome Dawn to the Sierra Metals Board of Directors.

German HNB, Snus and Tobacco-Free Nicotine Pouches National Regulatory Framework - ResearchAndMarkets.com

Retrieved on: 
Tuesday, February 22, 2022

The "Regulatory Report: Germany - Hnb, Snus and Tobacco-Free Nicotine Pouches" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Regulatory Report: Germany - Hnb, Snus and Tobacco-Free Nicotine Pouches" report has been added to ResearchAndMarkets.com's offering.
  • According to the Federal Office for Consumer Protection and Food Safety (BVL), heated tobacco products fall under the definition of novel tobacco products, and thus require an authorisation before being placed on the market.
  • The main legislation regarding these products is the Tobacco Products Act (TabakerzG), which came into force on 20th May 2016, bringing the EU's Tobacco Products Directive (TPD) framework into German law, including regulation of novel tobacco products.
  • This report provides an overview of the current regulations in place for heated tobacco, snus and tobacco-free nicotine pouches, as well as analysis about potential upcoming regulation in certain areas including tax.

Getchell Gold Corp. Extends North Fork Discovery Intersecting 10.4 g/t Au over 25.0 m within a Broader Zone Grading 6.3 g/t Au over 50.7 m at the Fondaway Canyon Gold Project, NV

Retrieved on: 
Tuesday, February 15, 2022

The high concentration of gold is a clear testament to the intensity of the gold mineralizing system and raises the upside potential at Fondaway Canyon."

Key Points: 
  • The high concentration of gold is a clear testament to the intensity of the gold mineralizing system and raises the upside potential at Fondaway Canyon."
  • This latter interval contained 12 samples reporting >10 g/t Au revealing strong internal high-grade gold consistency (Figure 2).
  • This interval is situated below the previously modelled lower extent of the North Fork Zone and may represent a newly discovered zone.
  • Figure 1: Fondaway Canyon North Fork 3D section, 150m wide, looking northwest with an artificial -15 plunge applied, highlighting the 2020 and 2021 drilling.

Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2021

Retrieved on: 
Monday, February 14, 2022

and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (the Company or Pacasmayo) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the fourth quarter (4Q21) and the year (2021) ended December 31, 2021.

Key Points: 
  • and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (the Company or Pacasmayo) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the fourth quarter (4Q21) and the year (2021) ended December 31, 2021.
  • These results have been prepared in accordance with International Financial Reporting Standards (IFRS) and are stated in nominal Peruvian Soles (S/).
  • For a full version of Cementos Pacasmayos Fourth Quarter 2021 Earnings Release, please visit http://cementospacasmayo.com.pe .
  • Cementos Pacasmayo will host a conference call on Tuesday, February 15, 2022, to discuss these results at 10:00 a.m. Eastern and Lima Time.

Getchell Gold Corp. Continues to Extend the Colorado SW Gold Zone Intersecting 1.2 g/t Au over 33.6m and 1.9 g/t Au over 26.4m at the Fondaway Canyon Gold Project, NV

Retrieved on: 
Thursday, February 3, 2022

The drill hole was extended well below the modelled envelope of the Colorado SW zone and encountered a notable intercept grading 1.5 g/t Au over 12.6m.

Key Points: 
  • The drill hole was extended well below the modelled envelope of the Colorado SW zone and encountered a notable intercept grading 1.5 g/t Au over 12.6m.
  • This gold intercept represents the deepest gold interval encountered to date and reinforces the untested potential of the mineralizing system at Fondaway Canyon.
  • To view an enhanced version ofFigure 1, please visit:
    Figure 2: Colorado SW Gold Zone (NE-SW) 3D Section Highlighting FCG21-15 Gold Intervals.
  • Ten drill holes, FCG21-07 through FCG21-16, totalling 3,874 metres were drilled last year at the Fondaway Canyon Gold Project.

Sierra Metals Announces Changes to Its Organizational Structure, Following Strategic Review

Retrieved on: 
Thursday, January 27, 2022

Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (Sierra Metals or the Company) is pleased to announce the completion of an internal organizational review, following the strategic review announced in late 2021.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (Sierra Metals or the Company) is pleased to announce the completion of an internal organizational review, following the strategic review announced in late 2021.
  • He will oversee the delivery of increasingly improved operational results and efficiencies, following the difficult challenges Bolivar and Yauricocha have faced over the past two years.
  • Both Yauricocha and Bolivar are in underexplored, highly prospective geological regions, with another 80,000 Hectares of greenfield properties owned by Sierra Metals.
  • His role is fully aligned with the strategic objective of unlocking the significant potential value at these properties.

Sierra Metals Reports 2021 Production Results, 2022 Guidance to Be Provided With Year-End Financial Results

Retrieved on: 
Monday, January 24, 2022

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or the Company) is pleased to report fourth quarter 2021 and full year 2021 production results, which include results from Sierra Metals three underground mines: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (Sierra Metals or the Company) is pleased to report fourth quarter 2021 and full year 2021 production results, which include results from Sierra Metals three underground mines: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico.
  • Luis Marchese, CEO of Sierra Metals, commented: 2021 has been quite a difficult year for the company.
  • Bolivars fourth quarter production reflects the continued challenges due to these temporary factors and consequently, consolidated production was below guidance for the year.
  • He concluded, For these reasons, Sierra Metals has decided to postpone the issuance of its 2022 production and cost guidance until March 16, 2022 at the time of publishing our year-end financial results.

Sierra Metals Reports Fatality Following Injuries Sustained at Its Bolivar Mine in Mexico

Retrieved on: 
Tuesday, January 11, 2022

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") regrets to report a fatality as a result of an accident that occurred at the Companys Bolivar Mine, located in Chihuahua State, Mexico.

Key Points: 
  • Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") regrets to report a fatality as a result of an accident that occurred at the Companys Bolivar Mine, located in Chihuahua State, Mexico.
  • The injured party was evacuated to medical facilities in Cuauhtemoc where the injured party was later pronounced deceased following medical complications.
  • Luis Marchese, CEO, said, Sierra Metals deeply regrets this accident and extends its sincerest sympathy to the family, friends and co-workers of our colleague.
  • Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico.