This combination creates the worlds premier gold company, said Goldcorps President and Chief Executive Officer, David Garofalo. In addition to the depth and quality of Newmont Goldcorps operations, projects, exploration properties and Reserves, the combined companys assets will be centered in the worlds most favorable and prospective mining jurisdictions and gold districts. The strategic rationale for combining Goldcorp with Newmont is powerfully compelling on many levels, and both teams are fully committed to delivering on the transactions value proposition for all of our stakeholders. Newmont Goldcorp will be one of Canadas largest gold producers and will have its North America regional office in Vancouver, and expects to oversee more than three million ounces of the combined companys total annual gold production.
Silver Vipers President and CEO Stephen Cope states, We are happy to finally share with the market some of the historic assays that attracted our interest to this project. These results come from a small portion of the La Virginia land package. While these occurrences are very interesting by themselves, we look toward making new discoveries on the untested targets to unlock the true potential of this project.
Our underground drilling over the past two years has improved the definition and quality of tonnes within the resource, stated Ben Pullinger, Senior Vice President Geology. Todays results further that success and represent potential additions to Platosa resources.
Achieving a production record at the top end of production guidance is a credit to the quality of the asset and the quality of the corporate and site teams who managed through significant complexity in 2018. Safety and environmental protection performance were also excellent.In Q4/18 plant throughput averaged 13k/t so there is some work left to do to get to the design level of 14kt/d. Sub-Sill produced at above design rates of 850 t/d in December.2018 was also an excellent year on the growth front, with successful exploration/infill drill programs and with the introduction of the Muckahi technology. The first Muckahi machine was designed and built in 2018 and we plan to use it to start breaking rock in Q1/2019.
Riversides President and CEO, John-Mark Staude, stated: Riverside is in a good position heading into 2019, we are focused to leverage off of last years work to improve the Companys portfolio and are working up partnerships and catalysts for a positive year ahead. We have drill targets ready to go along with shares in other juniors and remain focused on delivering new accretive transactions for the Company. We are confident 2019 will be a strong rebound year for the Company with momentum building during the first quarter.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, Drill Hole BA18-122 is for the record books with 9.3 metres (true width) grading 6,336 gpt AgEq (84.5 gpt AuEq). Further positive results from closely spaced in-fill drilling continue to confirm the continuity of high-grade mineralization in the Babicanora Vein, including Area 51 and Babicanora Central zones, as well as the Babicanora FW and HW veins. Additional drill holes in Area 51 are indicating wider mineralized thicknesses in several areas than previously modelled and are identifying discrete multi-kilogram per tonne silver equivalent mineralized shoots (Shoots 43 and 51). These additional core holes are critical to both in-fill confirmation and potential expansion of resources in the Babicanora veins. This is a great way to start the New Year as we continue to improve our confidence and add ounces in Area 51, hunt for new discoveries on the additional 22 known veins not in the September 2018 resource estimate, compile the new drill results for the next updated resource, and advance the Las Chispas Preliminary Economic Assessment.
Igor Gonzales, President and CEO of Sierra Metals commented, "We are very pleased with the progress made with our expansion plans at the Bolivar Mine. With the early completion of construction at the Piedras Verdes Mill, we will deliver on our goal of a 20% increase in production from 3,000 TPD to 3,600 TPD, in Q1-2019."
We are pleased with the results and interpretations of this first phase of work at Espiritu SMR. The important data compilation and invaluable insights from Luciano Bocanegra has confirmed the porphyry copper-moly-gold potential of the Espiritu SMR project and heightened our understanding of its ongoing exploration potential. This extensive interpretive work and recent re-mapping of the project area has better determined the surface extent of the porphyry system(s) and evidenced several of these zones remain open for ongoing exploration. We are now utilizing this new information, interpretations and recommendations as a means of optimizing and streamlining our future work which is expected to include the recommended magnetic and ZTEM surveys to assist in locating a deeper source of the mineralization in advance of possible drilling at the project, said CEO Chris T. Grijalva.