Sonoro Gold (TSE:SGO) has released an update.
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Sonoro Gold Corp. has issued a correction for previous unbalanced and potentially misleading disclosures regarding its Cerro Caliche project in Mexico, following a review by the BCSC. The company emphasized that current project economics should be based on the information provided in the 2023 PEA, which uses a gold price of $1,800 per ounce and a silver price of $23 per ounce. Additionally, the company has been cautioned against using optimistic price forecasts that exceed these values as they are not supported by the PEA and do not comply with NI 43-101 standards.
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