Discovery Announces Appointment of Tony Makuch to Board
April 12, 2022
Mr. Makuch has over 35 years of mining industry experience and was most recently President, CEO and Director of Kirkland Lake Gold Ltd.
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Mr. Makuch has over 35 years of mining industry experience and was most recently President, CEO and Director of Kirkland Lake Gold Ltd.
“Multiple mineralization centers showing different styles of mineralization are hallmarks of important precious-metals districts, so finding high-grade gold in addition to the historic high-grade silver is a very positive reason to take a new look at our district-scale vision,” said Dr. Peter Megaw, Chief Exploration Advisor to Reyna Silver.
“Hecla is on track to grow silver production this year and for each of the next two years while also being the United States’ third largest zinc producer. Zinc, like silver, is a critical mineral in the energy transition and is approaching its all-time high price set 15 years ago.”
“We had a solid start to the year with Q1 gold production of 112,440 ounces, slightly ahead of budget given higher than anticipated processed grades.”
“In 2021, we increased production by 32% and achieved record annual production. In 2022, as expected, we started with lower production once we entered lower grades in EPP and San Andres combined with pit preparation for higher production to be achieved during the second semester of 2022.”
“The year is off to a strong start,” stated Dan Dickson, Chief Executive Officer. “Operationally, Guanacevi continues to outperform production expectations and Bolañitos remains steady. Strategically, we made a significant move in January signing a definitive agreement to acquire the Pitarrilla Project, one of the world’s largest undeveloped silver deposits.”
The Company delivered a strong operating performance in the first quarter of 2022 with all mines on target to achieve annual guidance for silver and gold.
The Company has entered into a 5-year contract with OZTOC to extract available gold at Galore’s 100% owned Duraznillo Ranch, which includes the mining concessions Los Gemelos I and Duende 7 and jointly with Duraznillo Ranch will now be referred to as the Duraznillo Mine.
The securities of Mithril Resources Limited will be placed in trading halt at the request of MTH, pending it releasing an announcement.
Silver Viper’s President and CEO Steve Cope states “Quantec has shared preliminary data from the first lines of the MT survey. We expect the geophysics to help in refining drill testing of existing zones and to reveal new deeper unexposed targets.”
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