“We are in the heart of construction at the Camino Rojo Oxide Project, and we remain on track for first gold pour by year end,” said Jason Simpson, President and Chief Executive Officer of Orla Mining. “Our entire team remains focused on maintaining health and safety while executing our strategic objectives and creating value for our stakeholders.”
Taj Singh, President and CEO, states: “Our drill results continue to reinforce the broad widths and excellent grades that characterize large areas of the Cordero deposit. Drilling in the NE Extension was successful in extending the strike length of high-grade mineralization by approximately 100 m.”
The Aztec-Kootenay JV has approved a Phase 2, 22-hole, 5,000 m reverse circulation drill program to commence in the 4th quarter, 2021 subject to available funds. Four main targets will be tested. The primary objectives of the 2021 exploration program are to better define the open pit, heap leach gold potential of the porphyry oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for north and west extensions of the California mineralization at California North and Jasper, and assess the breccia potential of Purisima East.
“Following the excellent performance through the first half of the year, we are well on track to deliver on full year production and cost guidance. The solid operational performance delivered by our team resulted in another strong financial quarter for Torex, with adjusted EBITDA of $122.1 million and adjusted net earnings of $47.4 million.”
The first seven drill holes were completed on June 14th and the Company is anticipating the final results of gold, silver and multi-element analyses by mid-August. The remaining thirteen holes were drilled with two RC rigs from Layne de Mexico and completed as scheduled on July 28th.
“Despite the continuing pandemic, Hecla had near record results across a number of metrics improving on the consistent performance of the past two years,” said Phillips S. Baker, Jr., Hecla’s President and CEO.
“The temporary suspension of mining at Tucano’s Urucum Central South pit resulted in lower gold production and higher costs in the second quarter of 2021. We are pleased to have safely recommenced mining at depth in UCS early in July, ahead of our original plan,” stated Rob Henderson, Great Panther’s President & CEO.
Christian Milau, CEO of Equinox Gold, commented: “Equinox Gold had a solid second quarter with strong performance from the Brazil mines, significant development progress at both Santa Luz and Greenstone, and completion of the stripping campaign at Mesquite to open up the higher-grade Brownie deposit. With Mesquite now stacking ore from Brownie and operations at Los Filos restored, production should be significantly higher in the second half of the year at lower costs.”
Philip O’Neill, CEO and Director of Mexican Gold stated: “We are delighted with the economic results for our Las Minas project which is based off our drilling to date at Las Minas. This PEA study demonstrates robust economics with modest initial capital and positive economic returns for the development of an initial mining operation at Las Minas.”
In Q2, El Gallo produced 1,300 GEOs from residual leaching of the heap leach pad. Incremental residual leaching cost for the period was $2.7 million. The residual leaching activities at El Gallo are expected to wind down in early 2022.
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