“We had a very busy third quarter. We finalized the work necessary to recommence operations at the mine, and the restart was announced on August 3rd,” said David Wolfin, President and CEO.
“Pan American generated record quarterly revenue of $460.3 million and operating cash flow of $157.0 million in Q3. Our cash and short term investments increased to $315.4 million,” said Michael Steinmann, President and Chief Executive Officer.
Shareholders who are residents of Canada, the United States, Bermuda and Cayman Islands may elect to participate in the Plan commencing with the dividend to be paid on January 14, 2022 to shareholders on record as of December 31, 2021.
The Company intends to use the net proceeds of the Offering for underground mine development and exploration programs at Tucano, and to maintain its working capital and for general corporate purposes.
David M. Jones, Director of Minaurum Gold and skarn expert, commented, “The discovery of a blind silver-gold-copper skarn is a testament to Minaurum’s commitment to enhancing shareholder value through aggressive exploration. We made the decision to return to the Alessandra vein target based on the recognition of pathfinder elements which we deduced might lie above a mineralized body and now we have demonstrated that this concept was correct.”
Fabled Silver Gold Corp. announces final results from underground diamond drilling of the increased 1,400-meter underground drill program on the “Santa Maria” Property in Parral, Mexico.
Silver Tiger’s CEO, Glenn Jessome, stated, “While drilling the high-grade silver veins at El Tigre in 2021 we have made a number of very important discoveries. We first discovered in the footwall zone of the Sooy Vein a new style of mineralization in the black shale that the technical team have named the crackle breccia. This discovery prompted the technical team to be cognizant of this potentially new high-grade mineralization outside of the traditionally targeted quartz silver veins.”
“As of the beginning of November, approximately 90% of our workforce is fully or partially vaccinated. Our operations are running at steady state and we are pleased with the overall performance. Our focus is also on our growth plan, and we have expanded our project development team and commenced preparations for construction at Terronera.”
The funds raised will go directly to the company’s field programs in Mexico and Alaska. In Mexico the company is preparing for a maiden 2,500 to 3,000 metre drill program at Cumaro.
Millrock President and CEO Gregory Beischer commented: “Batamote has excellent potential to discover a porphyry copper deposit. We know already that breccia-style and porphyry copper mineralization is present. We are particularly excited to drill-test beneath what appears to be a leach cap alteration zone at a prospect called El Choclo NW. The project is situated within a belt that has produced very large porphyry copper deposits being mined by others as evidenced by the Cananea and La Caridad mines.”
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