“We end the year with strong earnings from mining operations of $6.4million and net income of $0.06 per share, thanks to the cost savings measures implemented 6 quarters ago and to our steady production,” reported Robert Eadie, President and C.E.O. “We start the next fiscal year with strong cash reserves and are looking to expand our resources through exploration and acquisitions.”
Matthew O’Kane, Managing Director of Comet Resources, commented “It’s been another busy quarter for the Company, with drilling works at Santa Teresa, graphite test work ongoing at Springdale and further M&A activities bringing in the new NT assets, and the potential acquisition of a complimentary gold project in Mexico. We will be focussing our efforts for the next quarter on continued drilling in Mexico and the graphite test work in Germany, as well as completion of the due diligence process on La Sorpresa III. We look forward to sharing the results from our exploration and metallurgical test work programs as soon as they are available.”
“We had a successful quarter on the exploration front at Young-Davidson and Island Gold with results from both operations highlighting the significant upside potential, in particular at Island Gold where we reported the best hole ever. Our other internal growth initiatives continue to advance, including work on the Phase III expansion at Island Gold, construction of La Yaqui Grande, and permitting at Lynn Lake. All support our strong long term outlook with production potential of approximately 750,000 ounces per year at substantially lower costs by 2025.”
Gold Resource Corporation declared its quarterly dividend of one cent per common share for the third quarter of 2021 payable on September 30, 2021, to shareholders of record as of September 15, 2021.
“Nomad’s portfolio continues to show its strength with some significant developments at our key assets during the quarter,” stated Vincent Metcalfe, CEO of Nomad Royalty Company Ltd.
“Our sound operational platform and stable financial position has given us the flexibility to increase our exploration spending in 2021, and advance our pipeline of development projects, which is expected to provide additional shareholder value in the coming months and years.”
“Second quarter revenue and cash flow increased quarter-over-quarter and year-over-year, primarily due to stronger silver production from our Palmarejo and Rochester operations as well as higher average realized silver prices,” said Mitchell J. Krebs, President and Chief Executive Officer
“We are very pleased with the progress of the Juanicipio plant as we now enter the last stages of construction and would like to draw your attention to the regularly updated construction photos at www.magsilver.com where the impressive work done by Fresnillo can be viewed,” said George Paspalas, MAG Silver’s President and CEO.
“We believe that our assets in Panama represent an opportunity for organic growth in our business,” stated Jason Simpson, President and Chief Executive Officer of Orla. “The results of the PFS suggest that Cerro Quema can be another low-risk, high margin oxide project for Orla.”
GSilver Chairman and CEO James Anderson stated: “We would like to thank everyone at OCIM for their constant support and consistent flexibility. This funding arrangement has allowed us to access their funds at precisely the time we need them to complete our work on the El Cubo mill and continue necessary mine development in preparation for the commencement of commercial production in Q4 2021.”
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