Premier Gold Mines Limited is pleased to provide 2019 production guidance for the Mercedes Mine as well as pre-commercial production guidance for the South Arturo Mine.
“2018 was a year of significant strategic advancement for Great Panther against the backdrop of a challenging metal price environment,” stated James Bannantine, President and CEO. “Significantly lower silver prices and higher costs driven by geology at our Guanajuato Mine in the third quarter reduced mine operating earnings year-over-year. Furthermore, we continued to fully expense the advancement of our Coricancha project in Peru. These factors were the primary contributors to our loss this year. With regard to our costs in Mexico, we took quick action to implement cost reduction and restructuring measures and started to realize cost reductions in the fourth quarter. We also invested significantly in corporate development, which culminated in a transformational deal to acquire Beadell Resources Limited that will formally close in early March. As a result of these initiatives, 2019 will represent a historic year of change for Great Panther that will see the Company become a growth-oriented intermediate precious metals producer in Latin America.”
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: Our team is very excited to get started on our phase 3 drilling program at the Tabasquena project. We are in the final stages of planning our two pronged approach to drilling, and will provide more details as we begin drilling shortly.
Goldplay President and CEO Marcio Fonseca commented, These excellent metallurgical results represent another milestone completed at the San Marcial Silver Project, increasing the significance of this deposit as an emerging high grade potential open pit development with a standard leaching metallurgical flow sheet.”
The Companys strong financial position has provided us the opportunity to grow our future production through the advancement of our portfolio stated Ewan Downie, President & CEO. With two new mines under construction at South Arturo, and permitting underway at Cove and Hardrock, we expect to see significant increases in our future production profile.
We are excited to work with InProved to access institutional investors and Asian investor markets, with the intent of completing a non-dilutive financing for the construction of a pilot gold operation at our Cerro Caliche project, said Kenneth MacLeod, President and CEO of Sonoro. Our goal is to mitigate shareholder dilution by using revenues from the proposed operation to fund future exploration and development at our Cerro Caliche and San Marcial properties.
The identification of such enriched silver and pathfinder metals in this initial phase of wide-spread drill testing on the CLM West claims may be significant in suggesting a potential proximity to much more precious-metal enriched (Ag-Au) deposits. Similar pathfinder-ore relationships are identified on the adjacent La Preciosa and Avino mineral systems and are described in classic models of vein and breccia epithermal systems.
Goldcorp says it is seeing the multiple benefits of autonomous drilling at its Peñasquito gold mine in Mexico, with the company set to ramp up the use of this technology in the next few years.
We are very pleased to have been able to increase the strike length of the Margarita structure a further 250m to the southeast with Hole M-DDH-19-15, commented Ruben Padilla, Vice President of Exploration for Sable. Drillhole M-DDH-19-14 is our best intercept to date confirming the high-grade core of the Margarita Vein over considerable thickness with an extensive lower grade halo close to surface.
Thomas A. Doyle, President, CEO, stated “I would like to thank the Ejido for their help and support to let us continue with our exploration programs. I am very pleased that we were able to reach an agreement. The initial plan is to get the drill rig back on the property and follow up on what we have discovered in LVRC 12 in the south east portion of the property”
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