“From an operational standpoint, 2018 was another strong year as we exceeded production forecasts at lower than expected unit costs for a seventh consecutive year while growing gold reserves and successfully advancing our Nunavut development projects”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer.
“The maiden drill program at Cerro Cascaron successfully intersected gold mineralization at both the Serpiente Dorada and San Pedro areas,” commented Stewart Harris, VP of Technical Services. “Drilling at Serpiente Dorada delineated a significant corridor of alteration containing local high-grade gold mineralization. Meanwhile, drilling at San Pedro encountered a competent quartz vein within a broad stockwork containing moderate gold grades and epithermal textures, suggesting a deeper target may exist. Drilling continues to test both areas for additional gold mineralization.”
Starcore International Mines Ltd. announces production results for the third quarter of fiscal 2019, ended January 31, 2019, at its San Martin Mine in Queretaro, Mexico.
PRIZE MINING CORPORATION announces that pursuant to the Alberta Securities Commission order of February 12, 2019 with respect to Prize, the Company is providing additional disclosure with respect to its previously issued news release on June 21, 2018 headlined Prize Mining Announces Amended Terms of Non-Brokers Private Placement and Major Lead Orders and the July 6, 2018 closing of such non-brokered private placement.
Fortuna Silver Mines Inc. is pleased to report that the Federal Attorney’s Office for Environmental Protection (PROFEPA) has completed its investigation into the overflow of the contingency pond at the dry stack tailings facility at the San Jose Mine on October 8, 2018, which was caused by heavy seasonal rains. PROFEPAs final report confirms that the overflow did not contaminate soil, and therefore no remediation is required.
David F. Volkert, Vice President of Exploration, commented, “An important exploration priority at Fortuna is to continue adding to the longevity of our mines. During the third and fourth quarters of 2017 and throughout 2018, the Company drilled a total of 62,412 meters in 134 surface and underground diamond holes at the San Jose and Caylloma mines and at the Arizaro Project, located within the Lindero Project concession block in Argentina.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, The Babi Sur Vein is now the sixth high-grade vein discovery in the Babicanora area, each parallel to the Babicanora Vein with an average spacing of 150 metres between each. This discovery provides further understanding of our evolving geological model, which we are using to successfully discover additional high-grade mineralization in the district. “
Cerro San Pedro Mine. During the year closure activities will continue that primarily focus on closing and reclaiming mine infrastructure while working closely with local communities and governments in order to leave a positive legacy.
Fred Stanford, President and CEO of Torex stated: “These initial results illustrate the potential of the Morelos Property to continue to offer incremental ore sources to complement the production from the open pits, and potentially from Media Luna after the pits are mined out. ELD is above the sill, whereas Sub-Sill is below the sill. Both are accessed from the same underground infrastructure. ELD is where testing of the Muckahi Mining System will take place, starting this quarter.”
Reserves in stable jurisdictions are a mining companys most important asset. Hecla now has the largest reserve in its 128-year history and its largest single year increase because of exploration. The increase reflects the quality of the districts we control; our long-term, consistent strategy; and the capturing and use of all the data that long-lived mines have, said Phillips S. Baker, Jr., President and CEO.
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