“Our strong adjusted EBITDA of $75.3 million with margins of 46% and free cash flow from operations of $33.8 million in the third quarter attest to the strength of our business.”
Sean Roosen, CEO of Osisko Development commented, “These initial results and geologic interpretation from Sapuchi, give us strong confidence in the potential to build the resources significantly within the property. With this confirmation and exploration drilling, we expect to have a resource estimation in the following months.”
Canasil Resources Inc. announces plans for mobilization and resumption of core drilling at the Nora silver-gold project in north-central Durango State, Mexico.
“Last year was very successful in growing the potential size of the mineralized system at Pilar, we look forward to building off that success again this year with continued drilling and trenching across the property. In addition, bulk sample composites taken from surface will aim to show our mineralized oxide zone is amenable to conventional heap leach processes.”
The Company maintains that the asset has tremendous upside to develop into a significant dual commodity lithium – potash (SOP) producing deposit that would be highly strategic for the country of Mexico considering all potash is currently imported.
“Caterpillar is committed to providing transformational advancements in safety, sustainability and technology,” said Jim Umpleby, Chairman and CEO of Caterpillar Inc. “We share Newmont’s dedication to a reduced-carbon future, and we’re honored to work together on this industry leading effort.”
“Over the next few days, we will reach the data cut-off for our initial Los Ricos North mineral resource estimate. This data cut-off represents a point in time and the 9 drill rigs are currently and will continue to drill at Los Ricos. This upcoming resource represents the completion of the first 100,000 metres of drilling at Los Ricos North, and the Company is progressing on the next 100,000 metres which is budgeted for the Los Ricos district through 2022,” said Brad Langille, President and CEO.
“The most recent infill and step-out holes contain some of the highest grade intercepts we have drilled in the La Colorada Skarn deposit to date and indicate potential for further expansion of the Mineral Resource in the future,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology.
“We are pleased by the progress achieved to date at both Cariboo and San Antonio. The ongoing work at Cariboo has advanced our Environmental Assessment and Feasibility Study bringing us closer to our major milestones. At San Antonio, the construction of the heap leach pad has been completed and the stockpile processing will commence this quarter”, commented Sean Roosen, Chair and Chief Executive Officer of Osisko Development.
For the fourth quarter this year, we had our capacity increased in Mexico and a mine plan with better grades, Honduras with stable operation, managerial continuous improvement, and better recovery rates, EPP with gradual improvement on grades and, at last, limited losses at Gold Road.
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