Sonoro Gold CEO Discusses Private Placement and New Mexican Presidency

Proactive - Interviews for investors

Sonoro Gold Corp CEO Kenneth Macleod joined Steve Darling from Proactive to shared exciting updates regarding the company's successful completion of an over-subscribed non-brokered private placement, raising $875,000. These funds will support the ongoing development of the Cerro Caliche Gold Project in Sonora, Mexico. Macleod noted that the company's Preliminary Economic Assessment (PEA) highlights the project's potential viability as a 9-year open-pit, heap leach mining operation. The next key step for Sonoro is to secure environmental approval for mine construction. Macleod also addressed the challenges in Mexico's mining industry, emphasizing that no new mines have been developed in the past six years. However, he expressed optimism about working with the newly elected Mexican President Claudia Sheinbaum, whose policies could improve the outlook for foreign mining companies, potentially fostering growth and investment in the sector. #proactiveinvestors #sonorogoldcorp #tsxv #sgo #mining #mexicangovernment #claudiasheinbaum #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews