Prime Mining Corp. is pleased to announce that it has entered into an agreement with Desjardins Capital Markets, acting as sole bookrunner and co-lead, on behalf of a syndicate of underwriters co-led by Desjardins Capital Markets and TD Securities Inc. whereby the Underwriters have agreed to purchase for resale, on a bought deal private placement basis, 8,475,000 units at a price of $2.95 per Unit for gross proceeds of [...]
Prime Mining Corp. is pleased to release additional positive results from its ongoing 15,000-metre Phase 1 drill program at its wholly owned Los Reyes gold-silver project in Sinaloa State. Currently, 5 diamond drills are active until the commencement of the rainy season in August 2021. The results announced today include initial core assay results from the Zapote-South, Noche Buena and San Miguel East deposits, which are [...]
Prime Mining Corp. is pleased to report its operating and financial results for the third quarter of fiscal year 2021, ended January 31, 2021. Unless otherwise stated, all amounts are presented in Canadian dollars. Prime is focused on the exploration and development of its wholly owned Los Reyes Gold-Silver Project in Sinaloa Stat. Corporate Highlights During The Quarter On January 11th, Prime paid US$ 1.1 million to [...]
Prime Mining Corp. is pleased to report initial results from its 15,000 m Phase 1 diamond drilling program at the Los Reyes project in Sinaloa State, Mexico. Results have been received from drill hole 21GE-01 at Guadalupe East and surface sampling at Mina 20/21 has discovered new high-grade mineralization 1.3 km northeast of Guadalupe East in an area of unrecorded historic mining . Key Highlights: 21GE-01, the first drill [...]
Prime Mining Corp. is pleased to announce it has filed an application for mineral rights to a 7,500-hectare claim block, named El Rey, adjacent to the eastern and northeastern Los Reyes boundary. El Rey had its cornerstone monument erected and completed February 24, 2021 and the concession application was filed and receipted March 9, 2021. "Recent prospecting, surface sampling, and drilling results suggest the Eastern [...]
Prime Mining Corp. is pleased to provide a drilling update on its 100% owned Los Reyes Gold-Silver Project located in the State of Sinaloa, Mexico. The Company's 15,000 metre Phase 1 diamond drill program began in December. The drill rig count at the Project has been increased to address logistical, geographic and COVID-19-related challenges, so that the Company can maintain its previously communicated goals of completing [...]
Prime Mining Corp. is pleased to announce that it has been named to the 2021 TSX Venture 50, an annual ranking of top performing listed companies from five industry sectors including, Mining, Oil & Gas, Clean Technology and Life Sciences, Diversified Industries and Technology. The 2021 Venture 50 top performers were selected based on year-over-year performance across three equally weighted criteria: market capitalization [...]
Mr. Pierre Lassonde announced today that he has recently purchased 2,000,000 common shares of Prime Mining Corp. through the facilities of the TSX Venture Exchange . As a result of this recent purchase, Mr. Lassonde now directly owns 143,000 common shares, indirectly owns 7,000,000 common shares and 3,000,000 warrants of the Company. Mr. Lassonde's direct and indirect shareholdings represent approximately 11.85% of the [...]
Prime Mining Corp. has made payment of $1.1 million to Vista Gold Corp. as per the terms of the acquisition of the Los Reyes Gold-Silver Project, located in the State of Sinaloa, Mexico. As disclosed on June 15, 2020 , Prime agreed to pay Vista $2.1 million in lieu of being granted certain royalties and back-in rights relating to the project. The remaining $1.0 million payment is due during July 2021. If Prime fails to [...]
Prime Mining Corp. is pleased to provide a year-end update on its 100% owned Los Reyes Gold-Silver Project located in the State of Sinaloa, Mexico. “As 2020 has come to an end and the new year has started, we want to thank our shareholders and stakeholders for their continued support. Prime has evolved during 2020 into a company with a highly skilled technical, management and governance team. Our geologic understanding of [...]
In a release issued earlier today by Prime Mining Corp. , please note multiple changes have been made throughout including but not limited to the period being identified as “Q2 2021” in the headline, rather than “Q2 2020” as originally issued. The corrected release follows: Prime Mining Reports Operating and Financial Results for Q2 2021 Prime Mining Corp. is pleased to report its operating and financial results for the [...]
Prime Mining Corp. is pleased to report its operating and financial results for the three months ended October 31, 2020. Unless otherwise stated, all amounts are presented in Canadian dollars . Prime Mining is focused on the development of the Los Reyes Gold-Silver Deposit in Sinaloa Mexico. Prime Mining’s Chief Executive Officer Daniel Kunz commented, “We are extremely pleased with the continued progress made during the [...]
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