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Stock impact report

Sierra Madre Announces US$5 Million Loan from First Majestic Silver for Finalizing Preparations at La Guitarra [Yahoo! Finance]

First Majestic Silver Corp. Ordinary Shares (Canada) (AG) 
Last first majestic silver corp. ordinary shares (canada) earnings: 2/19 07:00 am Check Earnings Report
US:NYSE Investor Relations: firstmajestic.com/investors/stock-info
Company Research Source: Yahoo! Finance
the " Company ") is pleased to announce that First Majestic Silver Corp. (" First Majestic ") has today advanced the Company a non-revolving, secured term loan (" Loan ") in the amount of US$5 million pursuant to the terms of a loan agreement entered into by the Company and First Majestic. Since acquiring the La Guitarra Silver-Gold Mine Complex in Estado de Mexico, Mexico in March 2023, the Company has made notable advancements to the facilities, equipment, and infrastructure at the mine site. The Company intends to use the proceeds of the Loan to complete this work, which will include: lead orders for critical mining equipment, processing facility upgrades, mill repairs, full staffing arrangements, and final underground development readied for operational restart. Alex Langer, Sierra Madre's President and CEO, states: "After a thorough and extensive process, we are very pleased to announce this non-equity, non-dilutive financing. The Loan will allow us to complete all necessary Show less Read more
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