The miner increased gold output guidance for the mine to 520,000 to 560,000 ounces and lowered all-in sustaining cost forecast to $666 – $718 per ounce.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
"Our objective over the next few months is to complete the acquisition of the mine and to prepare for an aggressive underground drill program in 2017."
The acquisition of Silver Standard Resources’ exploration properties is part of the Vancouver-based miner recent emphasis on expanding its presence in Mexico.