“We are trending in the right direction with consolidated production improvements from our mines, having achieved production within our guidance for H1. Our disciplined approach to achieve stabilized mining operations continues, with our primary goal in mind – to achieve a full recovery at Bolivar.”
“In the second quarter of 2022 the Company set a new quarterly production record driven by both strong operational and safety performance. In Nunavut, Amaruq had a record quarter for both costs and production, and the Ontario mines exceeded forecast. This strong production performance led to better than expected earnings and cashflow and puts us in a good position to deliver on 2022 guidance forecasts, despite ongoing inflationary cost pressures,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
Following effectiveness of the Reverse Split the Company expects to regain compliance with NYSE continued listing requirements and remain listed on the NYSE.
The primary objectives of the drilling program is to better define the open pit, heap leach gold potential of the porphyry gold oxide cap at California, evaluate the potential for deeper copper-gold porphyry sulfide mineralization underlying the oxide cap, test for northern extensions of the California mineralization at California North and northwestern extensions of the Jasper mineralization.
Mr. John Antwi, President and CEO of Bendito, commented: “The Bendito team is very excited to close this transaction and thanks Azure and its shareholders for their support and vote of confidence in the transaction and our business plan. We welcome all the Mexico employees, contractors, and local stakeholders of Azure Minerals to Bendito Resources. We have a target-rich geologic environment, and our team sees many opportunities to add substantial value to the projects.”
Prismo’s President and CEO Craig Gibson commented: “There is a large potential investor base in the U.S. with an appetite for exposure to mining exploration companies. We expect this will expand our shareholder base and the liquidity of the stock to the benefit of all shareholders.”
“We are delighted with the progress reported by the Fresnillo team on the electricity shutdowns that pave the way for the final tie-in to the power grid. Commissioning of the new electrical system is expected over the next few weeks followed by the commissioning of the grinding mills.”
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