The Board and Management of Sierra Metals continues its evaluation of strategic alternatives and expects to provide an update, at the latest, as part of its scheduled Q2 Consolidated Financial Results call on August 10, 2021.
“The second quarter marked a major milestone for First Majestic,” stated Keith Neumeyer, President & CEO. “The acquisition of Jerritt Canyon not only gave us a new quarterly record in gold production, but it represents the Company’s first major investment outside of Mexico.”
Silver Tiger’s CEO, Glenn Jessome, stated, “Large step outs like drill hole 231 on the Sooy Vein continue to deliver high grade silver intercepts and the discovery of the crackle breccia zone in the Sooy hanging wall is another important discovery at El Tigre.”
Akiba Leisman, Chief Executive Officer of Mako states that, “this operating update highlights the extraordinary grades being mined and processed at San Albino even prior to reaching commercial production. Now that we have declared commercial production and have started mining at the Porcelana Zone, a zone with the highest grade-thickness profile encountered at San Albino, we expect to continue delivering similar operating results to those released today.”
Taj Singh, President and CEO, states: “These latest drill results from Josefina have returned some of our highest-grade hits to date. With our Phase 1 drilling now complete we have transformed what started as a loosely defined vein with less than 1 km of strike extent into a prominent corridor with two well-defined veins with a total strike extent of more than 2.5 km.”
“We are very pleased to report the first full quarter of production data from Rodeo. We completed the planned ramp-up of production during the second quarter, and after the regrind mill was installed at the end of April, plant throughput averaged over 500 tonnes per day in May and June combined. The Company remains on track to achieve our production guidance of between 12,000-14,000 oz gold and 25,000-30,000 oz silver for full year 2021.”
“With steady growth in silver production at the Lucky Friday Mine and solid operating performance from our Greens Creek Mine, we achieved our second highest quarterly silver production since 2016,” said Hecla’s President and CEO, Phillips S. Baker, Jr.
McEwen Mining Inc. reports consolidated production for Q2 2021 was 31,700 gold ounces and 611,800 silver ounces, or 40,800 gold equivalent ounces, compared to 19,200 GEOs in Q2 2020.
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