Month: October 2021

“With a strong expected fourth quarter underway, we remain on track to achieve our 2021 production guidance at each of our operations.”

“We had a challenging third quarter at our Mulatos mine which offset strong performances at our Canadian operations,” said John A. McCluskey, President and Chief Executive Officer.

David Wolfin, President & CEO, stated: “We believe this is a transformational Transaction for Avino shareholders. I have always believed that Avino and La Preciosa belong under common ownership given the clear synergies and common infrastructure, and I’m delighted that Coeur shares this vision.”

“Another strong quarterly operating performance, including record gold production, continues to demonstrate our ability to optimize our assets and steadily grow output over the next several years. During the quarter, the Abitibi and Meliadine mines continued to be key drivers to the Company’s ongoing operational success,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “These strong production platforms will be integral components in the proposed merger of equals with Kirkland Lake Gold, which was announced late in the quarter.”

“Construction of the water filtration plant and dry stack tailings facilities is 95% complete. The dry stack facilities will conserve and recirculate water, eliminate risks related to traditional tailings facilities, accelerate reclamation of certain areas of the open pit mine, and extend the life of the operations.”

Orex’s President & CEO, Ben Whiting, said; “It is always an exciting milestone in the advancement of a project to announce the maiden mineral resource estimate. We are very pleased that this first estimate of the Coneto Project exceeds half a million ounces of gold-equivalent.”

“We are very pleased that pre-commissioning has commenced on the process plant, and we have been very impressed with the ability of Fresnillo to manage through COVID and inflationary pressures to be ready for full commissioning in Q4 2021,” said George Paspalas, MAG Silver’s President and CEO.

“We have seen some limited short term disruption as a result of the new labour reforms in Mexico which has impacted the performance of our Fresnillo and Saucito mines in particular, due to the higher proportion of contractors at those underground mines. However, the combination of continued efficiency measures, the higher volume of ore processed at Herradura, the ongoing contribution of development ore from our Juanicipio project and an increase in silver ore grades at San Julián Disseminated Ore Body, give us confidence in our full year guidance.”