Stephen Orr, the Company’s Chief Executive Officer, stated: “Q1 established a strong foundation for 2021 operations. The CLG Project provided record revenue for the LGJV and the mine operated at its designed 2,500 tpd throughput for each operating day.”
Magna President and CEO Arturo Bonillas commented: “We are very pleased to be fulfilling our obligations to Argonaut. With this payment behind us we are looking forward to reaching a steady rate of production at the San Francisco Mine and strengthening our balance sheet primarily through the cash flow generated by the operations.”
Zacatecas Silver Corp. is pleased to announce it has achieved a key milestone to commence its drilling activities at its highly prospective Panuco Silver Deposit and San Gill Breccia Zone by securing an access agreement with the Ejido “Panuco” Municipality, Zacatecas.
“Pan American remains committed to continuously improving our sustainability performance. We are implementing industry best practices, including the Mining Association of Canada’s Towards Sustainable Mining protocols, the Voluntary Principles for Security and Human Rights, and the World Gold Council Conflict-Free Standard,” said Michael Steinmann, President and CEO.
Sierra Metals Inc. today reported revenue of $69.6 million and an adjusted EBITDA of $25.6 million on the throughput of 774,421 tonnes and metal production of 25.5 million copper equivalent pounds or 3.7 million silver equivalent ounces, or 79.8 million zinc equivalent pounds for the three-month period ended March 31, 2021.
Greg McKenzie, President and CEO commented: “We are pleased by the results from holes 21-54 and 21-55 because they demonstrate that potential shoots of skarn mineralization extend up towards the surface from the Fernandez Zone.”
All matters presented for approval at the Meeting by management were duly authorized and approved.
Carlos Silva, CEO of Santacruz, stated; “Halting operations at Zimapan and reducing production at Rosario during Q2 in order to ensure the well-being of our employees was a difficult decision but undoubtedly the right one. Shortly after the mandatory suspension was lifted and safety measures were properly implemented, production and mine development activities were resumed with a steady ramp up to the end of Q3 when operating efficiencies started to take effect as demonstrated during Q4.”
Tarachi VP of Exploration and Director, Lorne Warner, commented: “These results exceeded our expectations and confirm the continuation of gold mineralization down-dip towards the east. For an area containing historic underground mining, there has been little to no known drill testing of the down-dip and strike potential of this occurrence. We remain excited to continue unlocking the potential at Jabali and eagerly await the results of the surface RC holes that were recently completed south of the La Dura mine.”
Kootenay President & CEO, James McDonald, stated “We continue to be extremely pleased as we see the first drill results of 2021 start to come in. The first six holes continue to show grade and continuity of the F Vein in large untested gaps with grades to 899 gpt silver and 559 gpt silver in the Hanging Wall and F Vein respectively”.
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