Month: February 2019

“2018 was a bittersweet year for First Majestic following the largest acquisition in the Company’s history of the San Dimas mine paired with silver prices falling to a nine year low,” said Keith Neumeyer, President and CEO of First Majestic. “Nevertheless, First Majestic delivered a solid year with record production and revenues of over $300 million, and an AISC of $14.95 per ounce. We also advanced numerous innovative projects in 2018 aimed at increasing shareholder value in 2019. We continue to lead the industry as the purest silver producer and remain focused on improving margins by adopting new technologies with high returns on invested capital.”

Igor Gonzales, President and CEO of Sierra Metals commented, “The 2019 budget includes important capital investments for property, plant and equipment as well as underground development, exploration, corporate projects including shaft deepening, ventilation and camp improvements. Additionally, tailing dam facility expansions at the Yauricocha Mine, and improvements and expansion of existing tailings deposition facilities at the Bolivar and Cusi Mines are included in this year’s budget. These prudent capital investments provide for solid returns and will allow the Company to proceed on a path of future production and exploration growth while improving operational performance. Management continues to review metal prices and retains the option to adjust the 2019 budget should metal prices experience any dramatic changes within the year.”

The El Cubo and Bolanitos mines continued to generate positive free cash flows in 2018, which were reinvested at Guanacevi to develop two new orebodies, and at El Compas to develop the Company’s fourth mine. Additionally, Endeavour spent $12.4 million on exploration, primarily to advance the Terronera project and to explore the Parral properties, where both projects had significant additions to reserves and resources, respectively in 2018.

“Premier has maintained a solid reserve and resource base in 2018 including updated statements at three of its property interests. We remain committed to the advancement of our portfolio through sustained exploration and a long-term strategic vision of growing production” commented Ewan Downie, President and Chief Executive Officer.

PRIZE MINING CORPORATION wishes to provide a status update on the reinstatement of trading in the securities of Prize. The TSX Venture Exchange issued a Bulletin on the afternoon of Thursday, February 21, 2019, following confirmation that the Company meets continued listing requirements, which indicates that the Company will resume trading on Monday, February 25, 2019.