Azure Minerals – Quarterly Activities Report for Period Ended 30 September 2019
October 30, 2019
Phase 1 Mining Campaign Completed at Oposura. Azure Secures 100% Ownership of 32Moz Silver Project.
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Phase 1 Mining Campaign Completed at Oposura. Azure Secures 100% Ownership of 32Moz Silver Project.
GREAT PANTHER MINING LIMITED announces that James Bannantine, President & CEO, has departed the Company effective today following a determination by the Company’s Board of Directors to effect a leadership change.
“We are disappointed by the delay in the renewal of our mining concessions for Kirazlı but are confident we will see a positive resolution. Our other internal growth initiatives at Mulatos and Young-Davidson are progressing well. Construction of Cerro Pelon is tracking ahead of schedule and we expect first production by the end of this year,” John A. McCluskey President and CEO.
Mr. Carlos Silva, Chief Operating Officer, stated “The acquisition of the initial 50% ownership of PCG Mining at the beginning of Q3 has resulted in a material positive impact on production during the quarter. With the recent acquisition of the remaining 50% of PCG Mining, we expect a further significant production increase in Q4 and into 2020 as a result of Grupo Penoles agreeing on October 29, 2019 to extend the Zimapan Mine lease to December 31, 2020. We continue to have positive discussions with Grupo Penoles, the owner of the Zimapan Mine, with respect to acquiring the mine outright.”
Scott Perry, President and Chief Executive Officer of Centerra stated, “During the quarter we achieved a number of significant Lost Time Injury Free milestones including one million work hours at our Öksüt Project and Mount Milligan, one full year at Kumtor and most recently six full years without incurring a lost time injury to our employees or contractors at the Endako Mine. These achievements validate that Zero Harm is within our reach at Centerra and demonstrates our workforce’s commitment to Centerra’s Work Safe – Home Safe program as we continue to build a team-based culture of excellence that responsibly delivers sustainable value and growth.”
Argonaut Gold Inc. is pleased to announce that the previously announced illegal blockade at the El Castillo mine has been lifted and operations at the mine have resumed.
“Having achieved commercial production ahead of schedule, South Arturo continues to exceed my expectations” stated John Begeman, Executive Chairman of Premier. “Realizing commercial production at El Nino this year rather than next is a positive development that we expect will impact Premier’s consolidated operating performance for 2019, particularly in the fourth quarter.”
“The most recent drill results feature some of the highest grade intercepts we have seen to date, with widths up to 379 metres. Stand-out drill holes include U-66-19 with 253 metres grading at 67 grams per tonne of silver, 3.84% lead and 6.56% zinc,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “We have now completed over 52,400 metres of drilling on the skarn target, allowing us to substantially expand the mineralized footprint and to identify a high-grade core zone.”
Fred Stanford, President & CEO of Torex, stated: “From every perspective, this was an excellent quarter. Safety performance continued to be outstanding with zero lost time injuries in the quarter. Record gold production of 138,145 ounces was more than 20% higher than the previous record set earlier in the year…”
Total production during Q3 was 35,042 gold ounces and 947,145 silver ounces, or 45,930 gold equivalent ounces using the average gold:silver price ratio for Q3 of 87:1.
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