Guanajuato Silver Company Ltd ’s Post

In 2023, VESCO Group, a portfolio company of umgi, generated $75.2 million in gross revenue. This year, the team expects sales to double. The group is actively working on the strategic expansion of its business in Europe, the main markets for VESCO clays being Italy, Spain, Ukraine, Turkey, and Poland. In 2023, VESCO Spain commenced extraction from a clay quarry at the Encarnita deposit in Spain. In 2024, VESCO Україна plans to extract up to 500 thousand tonnes of clay. It is a six times decrease compared to the pre-war period. However, combined with the stocks, it is enough to restore the flexibility of the product portfolio and meet the individual needs of the customers. VESCO continues to develop transport routes in the Black Sea through Ukrainian ports and plans to increase its logistics capacity within Ukraine. The group prioritises R&D to strengthen expertise, implement the principles of sustainable mining and further diversify extraction. In 2023, investments in the support and development of the group's companies totalled USD 5.3 million, of which USD 3.6 million were allocated to R&D. To achieve its sustainable development goals, VESCO is constantly working on land recultivation. In 2023, the group returned 108 hectares of land to Ukrainian communities, investing almost USD 3 million in the restoration.  #Mining #SustainableMining

Here’s an article from our friends in Germany, GoldInvest, on our recent announcement in regards to the proposed C$45.9 million equity investment (no debt) in Tucano: https://lnkd.in/g6kxtUu3 See the summary of the terms below: •⁠ ⁠𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁: Tucano Gold Inc. signs a term sheet with a private equity group for a C$45.9 million investment. •⁠ ⁠𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗥𝗲𝘀𝘁𝗮𝗿𝘁: Funds will enable the restart of operations in Q1 2025 and accelerate production growth. •⁠ ⁠𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:  - Priced at C$0.70 per share with half warrants, exercisable at $1.00 per share for two years.  - Two tranches: C$18.9 million initially, followed by C$27.0 million within 120 days.  - Results in ~55% ownership of Tucano on a fully diluted basis. •⁠ ⁠𝗣𝗿𝗲𝘃𝗶𝗼𝘂𝘀 𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴: Since acquiring Mina Tucano in October 2023, raised approximately C$14 million in equity.  - Shares previously issued at C$0.80 will be re-priced to C$0.70 per share.

We have seen that many companies are willing to invest in Brazil as it has an estimated US$21.8 trillion of natural resources, including gold, uranium, iron and timber. But while it is an attractive market, there are certain complexities to consider. Discover 10 challenges of doing business in Brazil in 2024: https://lnkd.in/eiV_FyeJ

#Copper explorer Pan Asia Metals (ASX:PAM) has trebled the acreage at its Rosario copper project in Chile by filing 26 new concession applications to extend its grounds to 86 square kilometres. $PAM #BULLSNBEARSWA The Age https://lnkd.in/gbeYSw9a

For those of you following the story unfolding in Panama relating to Cobre Panama and other mineral concessions, this is article is a good summary of what the government of Panama is thinking. https://lnkd.in/gchdqipu

Ecora Resources PLC (LSE:ECOR, TSX:ECOR, OTCQX:ECRAF) CEO Marc Bishop Lafleche spoke with Proactive's Stephen Gunnion about the company's cobalt stream investment at Voisey's Bay in Canada and the production ramp-up timeline.   Following a trip by Ecora's team to Voisey's Bay, operated by Vale, Lafleche highlighted Ecora's entitlement to nearly 23% of the cobalt production from the mine, which initially started as an open-pit operation and is now transitioning underground with significant production increases expected by 2026. Lafleche shared that Ecora anticipates a substantial rise in cobalt deliveries from 11 in 2023 to 40 per year at full production—nearly a 400% increase. He mentioned that the Eastern Deeps underground ore body will see ramped-up production from Q4 2024, with full production targets by the end of 2026. Despite the cyclical lows in cobalt pricing, Lafleche expressed optimism, pointing to a market... Watch at #Proactive #ProactiveInvestors http://ow.ly/WLxh105M8F8

Manitoba's "Securing Our Critical Mineral Future" strategy is now available online. The strategy was announced this week at the 2024 Central Canada Mineral Exploration Convention in Winnipeg. You can access the document here, https://lnkd.in/gDPjBCYe There are five main focuses of the strategy, 1. Standing up Critical Mineral Development Faster, 2. Building Secure, Transparent Supply Chains for the Future, 3. Indigenous Partnerships and Economic Reconciliation for Long-term Prosperity, 4. More Family Supporting Jobs Close to Home, and 5. Fostering Responsible Mining Activity that Respects the Environment.

🌎 Two massive silver projects in Bolivia with combined 18Moz/yr potential: New Pacific Metals Corp. is about to shake up the market with Silver Sand + Carangas projects with total $2B NPV at current silver price💰 https://lnkd.in/erpF6t4v

New Mexico, like many states, follows the dominant estate doctrine. When ownership is split, the mineral estate holder has the right to access and reasonably use the surface to extract minerals. However, they must respect existing surface uses. Watch the video as Ben Holliday explains this further or download our paper for detailed insights https://hubs.la/Q02PyWQx0 #HELG #NewMexico #Oilandgas

Mineral exploration is key to local economies across BC—providing jobs and supporting businesses like Finning. Hear from Shane Pastoor on how this industry not only drives growth but also sustains families and communities throughout the province.