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.
Bradford Cooke, CEO, commented, “All in all, 2018 was quite a transition year for Endeavour Silver. We saw improved performance from El Cubo, but declining performance at Bolañitos, where new mineralized zones were discovered and at Guanaceví, where two new orebodies are being developed. The new El Compas mine completed its initial mine development but plant commissioning issues have delayed production. In October, Nick Shakesby was appointed new VP Operations to help make a positive difference in our mining operations.
Total production from continuing operations totalled 19,200 tonnes (42.3 Mlbs) and 70,400 tonnes (155.2 Mlbs) of copper in the fourth quarter and full year 2018, respectively, in line with the Company’s guidance of between 67,450 to 74,550 tonnes of copper production.
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.
The Board of Directors and management teams of both companies are pleased that our shareholders overwhelmingly supported this Transaction and would like to thank them for their continuing support, said Darren Blasutti, President and Chief Executive Officer of Americas Silver. Today marks another important step forward toward our goal of creating a profitable, low?cost precious metal company. Upon closing of the Transaction, we will be focused on advancing the next phase of the combined companys growth by financing and bringing the low-capital, high-return Relief Canyon Mine into production.
Vangold Mining Corp. is pleased to announce the appointment of James E. Anderson as a director of the Company.
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.
Gainey Capital Corp. is pleased to announce that the Company has received conditional approval from the TSX Venture Exchange and will close a $750,000 first tranche of its non-brokered private placement of up to $1,150,000 announced on November 28, 2018.
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.”
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