Month: January 2022

Gold Resource Corporation Produces 37,512 Gold Equivalent Ounces in 2021 and Ends Year With Strong Cash Position of $34.0 Million

Allen Palmiere, President and CEO, said, “As I reflect on my first year at Gold Resource Corporation, I am pleased with the results of the Don David Gold Mine and the acquisition of Aquila Resources Corporation. Despite ground control challenges and the voluntary temporary shutdown due to COVID-19 in late August and early September, our Mexican operation still achieved the high end of guidance for gold production.”

Barksdale Intercepts 47m of 0.75% Copper and 39m of 0.61% Copper at San Javier in Sonora, Mexico

Rick Trotman, President and CEO of Barksdale commented, “The drill results continue to demonstrate that the Cerro Verde zone has significant shallow copper mineralization. The final results from the drilling program, which are primarily step-out holes to the west and south, are expected to be released within the next few weeks, at which point we can complete our resource estimation for Cerro Verde.”

Xali Gold Commences Applications for Drilling Permits at El Oro, Mexico

“Our recent acquisitions in Western Mexico give us great near surface exploration and near-term production opportunities but El Oro remains our flagship project and we are really looking forward to getting back to drilling there,” says Joanne Freeze, President and CEO of Xali Gold.

Golden Minerals Drills High-Grade Gold Mineralization in Initial Drilling at the Sarita Este Project

Warren Rehn, Golden Minerals’ President and Chief Executive Officer, stated, “The gold results at the Sico epithermal target are very encouraging, as this is the first ever drilling on the property and the discovery of the shallow oxide gold shows widths and grades that are potentially economic. We are additionally encouraged by the results at the Kachi porphyry target which indicate the potential for a newly identified copper porphyry system that may be similar to the adjacent Taca Taca world class copper deposit.”

Torex Gold provides 2022 Guidance for El Limón Guajes

“2022 is a pivotal year for Torex and will set the foundation for our future. The strength of our underlying business will enable us to continue to execute on our plan – optimize and extend operations at ELG, de-risk and advance Media Luna, grow reserves and resources and invest in other value accretive opportunities.”

Vizsla Announces High-Grade Discovery at Panuco; Drills 3,701g/t AgEq Over 2.3M Within Broad Interval Grading 226g/t AgEq Over 81.9M in the Tajitos HW

Vizsla President and CEO Michael Konnert commented: “These results are an incredible start to 2022 for Vizsla. While drilling the northeast extents of Tajitos we intersected a new, nearly flat lying vein within the Tajitos hanging wall. This new ‘Copala Vein’ is marked by several near-surface high-grade silver and gold intercepts contained within a broad mineralized envelope up to eighty meters wide.”

GoGold Announces Strong Drilling Results at El Favor East in Los Ricos North

“We have embarked on the next 100,000 metres of drilling which is primarily focused on continued resource expansion and look forward to many more excellent drilling results such as these at El Favor East. We anticipate that in 2022 we will continue to grow the ounces in the Los Ricos district significantly as we did in 2021.”

Pan American Silver Announces Preliminary 2021 Production Results

“Production improved in 2021 over 2020, although continued to be constrained by reduced workforce deployment levels due to the COVID-19 pandemic. We are pleased to see progressive production ramp up at La Colorada during the fourth quarter of 2021, following the advances on the upgrades to the ventilation circuit and ground support programs,” said Michael Steinmann, President and Chief Executive Officer.

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