“Ongoing Brownfields exploration programs at San Jose, Lindero and Yaramoko will continue at pace in 2022 with 53,000 meters of drilling planned for the year aiming to grow the current resource base at these assets.”
“2021 was highlighted by many positive achievements for Avino, with our fourth quarter results showcasing the progress made in the restart of operations with meaningful earnings and free cash flow generation. It was a pivotal year in many respects as we restarted mining operations after an extended closure period, repaid our $10 million term facility to Samsung C&T UK, and announced the proposed acquisition of La Preciosa,” said David Wolfin, President and CEO.
“Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”
“Our expansive exploration program across the district has delivered excellent results ahead of resource development drilling along strike from the high-grade maiden resource at El Refugio. The vein system at La Soledad has been extended and we have intercepted veins further east of La Soledad and along strike at Los Pinos.”
Major growth projects at the Yauricocha Mine include the expansion of the tailings dam and sinking of the Yauricocha shaft. At the Bolivar mine, growth will be focused around the expansion of plant capacity and the integration tunnel which will link the mine to the mill, creating efficiencies and cost reduction by eliminating truck haulage of ore to the mill. Both projects are planned for completion by the end of Q4 2022.
“The mineralized system at La Adelita is impressive in regard to both grade and the areal extent of the high-grade system. The discovery of three significant new zones of high-grade mineralization is supportive of our view that this is an area with strong hydrothermal activity, resulting in alteration and mineralization that requires more exploration.”
“El Favor East continues to provide great results for us, with high grade intercepts surrounded by wider zones of good potentially bulk mineable grades such as those shown in hole 113,” said Brad Langille, President and CEO. “Results such as these are what we believe will help us achieve our goal of aggressively expanding our mineral resources at Los Ricos in 2022.”
“The ELG Underground continues to impress, with Proven & Probable Reserves up 20% in 2021 following a 15% increase in 2020. The net increase in underground Reserves primarily reflects the extensive infill drill campaign carried out in 2021, with the intent on upgrading Inferred Resources to the Measured and Indicated categories.”
The principal objectives for use of the net proceeds of the Offering are to pay the US$35 million cash consideration payable to SSR Mining Inc. at closing in respect of the Company’s acquisition of the Pitarrilla project in Durango State, Mexico and for the Company’s general corporate purposes and working capital.
La minera consigue así la primera autorización que se entrega en México para que pueda aprovechar la innovación tecnológica en la extracción de metales, en principio con el desarrollo de una red LTE que mejorará primero las comunicaciones dentro y fuera de sus minas por el poder de penetración y cobertura de la banda de los 700 MHz.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
