Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Bourse de Toronto
  5. Defiance Silver Corp.
  6. News
  7. Summary
    DEF   CA2447672080

DEFIANCE SILVER CORP.

(DEF)
  Report
Delayed Bourse de Toronto  -  03:59 2022-12-07 pm EST
0.1900 CAD    0.00%
11/29Defiance Silver Corp. Reports Earnings Results for the First Quarter Ended September 30, 2022
CI
11/22Defiance Resumes Drilling in Zacatecas
CI
11/08Defiance Invites You to Join Us at the Deutsche Goldmesse in Frankfurt
AQ
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Defiance Discovers Illegal Transfer of Mining Concessions

06/27/2022 | 09:44am EST

Vancouver - Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) ('Defiance' or the 'Company') announces that it has become aware that certain mineral concessions concerning its Tepal Project have been illegally and fraudulently transferred to a third party individual without the Company's knowledge or consent.

These concessions are the property of Defiance and have consistently been kept in good standing by the Company, with all obligations and filings under applicable laws being systematically completed.

The Company has made the Mining Bureau in Mexico City aware of the situation and is pursuing all legal avenues, with Mexican and Canadian counsel, to restore its rightful claim to the concessions.

The Company is confident that its rightful ownership will be reinstated in due course and will provide more information as it becomes available.

Contact:

Chris Wright

Tel: +1 (604) 343-4677

Email: info@defiancesilver.com

Web: www.defiancesilver.com

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be 'forward-looking information' for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words 'believe', 'expect', 'anticipate', 'contemplate', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule', 'understand' and similar expressions identify forward-looking information. These forward-looking statements relate to, among other things: the Company's expectations regarding the ability of the Mining Bureau of Mexico City to reinstate ownership of the concessions to the Company, cooperation with the Mining Bureau relating to such reinstatement and the potential for any successful solution resulting therefrom.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Defiance, are inherently subject to significant technical, political, business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors and assumptions that could cause actual results or events to differ materially from current expectations include, among other things: the inability of the Company to regain possession of its concessions; political risks associated with the Company's operations in Mexico; the failure of the Mining Bureau in Mexico City to take any coercive action to reinstate ownership of the concessions to the Company and the inability of the Company and its subsidiaries to enforce their legal rights in certain circumstances.

There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements to vary or differ materially from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factors should be considered carefully when making decisions with respect to Defiance, and prospective investors should not place undue reliance on forward looking information. Forward-looking information in this news release is made as at the date hereof. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

(C) 2022 Electronic News Publishing, source ENP Newswire

All news about DEFIANCE SILVER CORP.
11/29Defiance Silver Corp. Reports Earnings Results for the First Quarter Ended September 30..
CI
11/22Defiance Resumes Drilling in Zacatecas
CI
11/08Defiance Invites You to Join Us at the Deutsche Goldmesse in Frankfurt
AQ
10/27Defiance Silver Corp. Reports Earnings Results for the Full Year Ended June 30, 2022
CI
10/25Defiance Silver Corp. Extends High-Grade Zones with Drilling at Veta Grande
CI
09/07Defiance silver announces warrant extension
AQ
08/09Defiance Silver Corp. Provides Second Update on 4,750-Metre Maiden Drill Program at the..
CI
08/09Defiance Silver : Discovers Blind Silver System At Lucita
PU
07/18Defiance Silver Corp.(TSXV:DEF) dropped from S&P/TSX Venture ..
CI
06/27Defiance Discovers Illegal Transfer of Mining Concessions
AQ
More news
Financials
Sales 2022 - - -
Net income 2022 -3,86 M -2,83 M -2,83 M
Net cash 2022 11,8 M 8,64 M 8,64 M
P/E ratio 2022 -13,7x
Yield 2022 -
Capitalization 43,3 M 31,7 M 31,7 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 97,0%
Chart DEFIANCE SILVER CORP.
Duration : Period :
Defiance Silver Corp. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 0,19 CAD
Average target price 1,40 CAD
Spread / Average Target 637%
Managers and Directors
Christopher David Wright Chairman, President & Chief Executive Officer
Sherry Roberge Chief Financial Officer & Secretary
Ronald E. Sowerby Independent Director
Paul A. Smith Independent Director
James Russel Bergin Independent Director
Sector and Competitors
1st jan.Capi. (M$)
DEFIANCE SILVER CORP.-56.32%32
BHP GROUP LIMITED41.89%158 352
RIO TINTO PLC16.11%115 710
GLENCORE PLC48.31%89 962
ANGLO AMERICAN PLC10.23%49 401
SAUDI ARABIAN MINING COMPANY (MA'ADEN)68.92%45 362