Latest news with #Queretaro
New York Times
6 days ago
- Business
- New York Times
Ronaldo agrees to sell majority stake in Spanish club Real Valladolid
Former striker Ronaldo has agreed to sell his stake in Spanish club Real Valladolid but the deal has yet to be confirmed by the Spanish government's CSD authority. Ignite, a consortium headed by businessman Gabriel Solares and comprised of investors from the United States and Mexico, has agreed to buy Ronaldo's majority stake in the club, who were relegated from La Liga this season. Advertisement Solares was previously president of Mexican club Queretaro, but was among the club's board of directors who received five-year bans from Liga MX in 2022. As reported by ESPN at the time, the bans related to fan violence Queretaro's match against visiting Atlas at Estadio Corregidora, which had left 26 injured. Tel Aviv-based investment fund Ben Oldman Partners is also involved in the deal — it would receive a percentage of Ronaldo's current 88 per cent stake of Valladolid, equal to the money the fund is still owed from helping finance the Brazilian's initial takeover of the club in September 2018. Speaking to El Norte de Castilla, Solares highlighted Valladolid's 'potential for growth' alongside its existing 'resources and characteristics to establish itself as a top division club'. Solares added that he would seek to include locals from Valladolid on the new-look board, should his acquisition be completed: 'We must respect the city and give prominence to people who know the area.' Ronaldo's time in charge of Valladolid has been turbulent, with relegations from La Liga in 2021, 2023 and 2025, interspersed with promotions in 2022 and 2024. Ronaldo's sale of the club was announced on Friday by Valladolid but few details were made public. On Tuesday the club sent a letter to their fans asking for 'patience' and 'understanding' as the deal was concluded. The letter was signed by club director general Luis Garcia. Ronaldo himself has not spoken about the sale, and his staff declined to comment when contacted by The Athletic. The 48-year-old former Brazil international, who starred in La Liga for both Barcelona and Real Madrid, became the majority shareholder of Valladolid in September 2018 after purchasing a 51 per cent stake in the Spanish side. In December 2021, the former Ballon d'Or winner bought a controlling 90 per cent stake at Cruzeiro, the Brazilian second-division club where he started his career, for $70million (£62.2m). Advertisement In April 2024, Ronaldo sold his stake in Cruzeiro, who returned to Brazil's Serie A under his ownership, to the BPW Sports company, led by Pedro Lourenco — owner of the supermarket chain Supermercados BH. Valladolid have picked up just 16 points from their 37 league matches this term and were relegated from Spain's top flight with five matchdays remaining. The club finished 16 points behind second-from-bottom Las Palmas, who have also been relegated, and finished the campaign on a goal difference of -64. (Top image:)
Yahoo
13-05-2025
- Business
- Yahoo
Starcore Announces Fourth Quarter Production Results
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces production results for the fourth fiscal quarter ended April 2025, at its San Martin Mine ("San Martin") in Queretaro, Mexico. This quarter, Starcore achieved a significant milestone in commissioning the new processing circuit, including the ADR plant, for carbonaceous ore treatment. To date, the plant has milled 5,000 tonnes of stockpiled ore grading 2.1 g/t of gold and 26 g/t of silver in the start-up phase. Recoveries were 80% for gold and 76% for silver, as expected based on metallurgical investigations, with a Doré production of 180 gold equivalent ounces. The mine has ramped up development and mining activity as planned, producing 140 tonnes per day of carbonaceous ore, and we have engaged a contractor for the necessary additional works. Other operations continue as normal, exploring and developing a new area in the southern part of the mine, where the San Martín mine began 30 years ago as an open-pit operation and are now focused on the depths of that area called the San José mine. "We are very excited about the success of the new carbonaceous ore process, as it represents an extension of the mine life," stated Salvador García, the Company's Chief Operating Officer. "This paves the way for continuing to explore the great potential we have at San Martín, in oxides and carbonaceous ore." 9 Month YTD San Martin Production Q4 2025 Q3 2025 Q/Q Change 2025 2024 Y/Y Change Ore Milled (Tonnes) 53,398 46,730 14% 197,880 224,307 -12% Gold Equivalent Ounces 2,342 2,268 3% 8,916 10,094 -12% Gold Grade (Grams/Ton) 1.57 1.74 -10% 1.58 1.50 5% Silver Grade (Grams/Ton) 15.77 11.08 42% 14.27 15.82 -10% Gold Recovery (%) 81.72 82.44 -1% 83.09 87.0 -4% Silver Recovery (%) 56.63 49.10 15% 53.02 50.93 4% Gold: Silver Ratio 92.97 87.30 82.62 83.80 Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release. About Starcore Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. While this base of producing assets is complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally with the project in Côte d'Ivoire. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: ON BEHALF OF STARCORE INTERNATIONAL MINES LTD Signed "Robert Eadie" Robert Eadie, Chief Executive Officer FOR FURTHER INFORMATION, PLEASE CONTACT: ROBERT EADIETelephone: (604) 602-4935 LinkedInX Facebook The Toronto Stock Exchange has not reviewed nor does it accept responsibilityfor the adequacy or accuracy of this press release. This news release contains "forward-looking" statements and information ("forward-looking statements"). All statements, other than statements of historical facts, included herein, including, without limitation, management's expectations and the potential of the Company's projects, are forward-looking statements. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company's management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward‐looking statements or beliefs, opinions, projections or other factors, except as required by law. NOT FOR DISTRIBUTION IN THE UNITED STATES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
