Dan Dickson, CEO, commented, “We continue to see exceptional drilling results within the El Curso and the Santa Cruz Sur systems at our Guanacevi silver mine. We have been operating at Guanacevi for more than 15 years and these encouraging results support our view that we can continue to extend the mine life.”
James Anderson, Chairman & CEO, commented, “Participation from all of our largest shareholders – Endeavour Silver Corp., Myrmikan Capital LLC., VBS Exchange PTY Ltd., – in this strategic financing affirms the tremendous value and potential of our precious metals mines, while also endorsing our vision for growth and expansion within the Guanajuato Mining District.”
The Los Braceros plant has returned to nameplate production with a steady source of feed from a combination of existing stockpiled ore and new production from the mine. San Rafael mine production continues to ramp-up and does not represent a bottleneck to mill production.
“Initial production at First Majestic’s Ermitaño deposit is an important milestone for Orogen,” stated Paddy Nicol, Orogen’s CEO and President.
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