Month: November 2021

Stephen Orr, the Company’s Chief Executive Officer, stated: “We are pleased with Gatos Silver’s accomplishments in Q3. As previously communicated, 2021 is a year of optimization and CLG is continuing to achieve record mine and plant throughput with above-design metal recoveries. Additionally, after a successful $133 million follow-on offering and subsequent LGJV debt repayment, we improved our financial flexibility, resulting in Gatos Silver and the LGJV becoming net debt free.”

Mike Struthers, CEO, commented: “As the next step in increasing our trading liquidity and enhancing our capital markets profile, we are very pleased to report our elevation to the OTCQX Market.”

“Our decision to inventory a significant amount of silver during the quarter obviously impacted our third quarter financial results but those additional revenues and cash flows are expected to be realized in the coming quarters as prices improve,” stated Keith Neumeyer, President and CEO

Aztec CEO Simon Dyakowski commented “Success in the upcoming drilling program will help build our confidence in advancing the project to an initial open pit resource estimate and elevate the profile of the Cervantes project in a region that has both porphyry copper and heap leach gold production in Mexico.”

“The Cosalá Operations have re-started and will begin to generate revenue and cash flow in the fourth quarter. With the re-opening of the Cosalá Operations, I am confident that the Company will return to positive cash flow generation at current commodity prices, reducing the necessity of further equity financing,” stated Americas Gold and Silver President & CEO Darren Blasutti

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “We are pleased to report our first-ever profitable quarter from mining operations based on continuing strong results from gold-silver production at Rodeo.”