Month: July 2021

“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.

Stephen Orr, the Company’s Chief Executive Officer, stated, “The successful completion of this definitive agreement is a significant value-catalyst and deleveraging event for the LGJV. This agreement also reaffirms our commitment to creating value for our Gatos Silver stakeholders while continuing to position Gatos Silver as the prominent “go-to” company for silver exposure. We are grateful for Dowa’s ongoing support to the LGJV and look forward to continuing our accretive relationship.”

John Gomez, President of Inomin says, “La Gitana provides the opportunity to define and develop a substantial gold-silver deposit. We look forward to advancing the project to create significant benefits for all stakeholders.”

On June 21st, Minera Alamos Inc. provided an update on the start-up of mining activities at the Santana gold mine in Sonora, Mexico. Construction at Santana is now complete with leach operations commissioning occurring at the end of June. Minera Alamos is targeting first gold production in July.

The Offering included an investment from Crescat Capital. “Minaurum’s value is strongly underpinned by its high-grade Alamos silver project,” commented Quinton Hennigh, technical advisor to Crescat Capital.