Proven mine builders partnered with a supportive controlling shareholder
Experienced operating team that have been involved in building three gold mines in Latin America since 2011 (1)
Same management and operating team that permitted, built and commissioned the La Trinidad mine in Sinaloa, Mexico in 2013-14
Controlling shareholder agreed to backstop C$27 million rights offering (July 23, 2019), funded ~US$15 million unsecured term loan (February 21, 2020) and led C$28.4 million private placement (July 16, 2020) to fund upfront capex at San Albino and drilling at both San Albino and Las Conchitas
- The three mines include Santa Elena (Sonora, Mexico) in 2011, El Gallo Phase I (Sinaloa, Mexico) in 2013 and La Trinidad (Sinaloa, Mexico) in 2014. Santa Elena and El Gallo Phase I were developed under EPCM contracts by Sonoran Resources LLC, where Jesse Muñoz, the Company’s current COO, served as President.