Day: August 15, 2022

MAG Silver Reports Second Quarter Financial Results

“As we look forward to the final tie-in to the electrical grid at Juanicipio, Q2 continued the trend of strong operational performance with record toll milling through the Saucito and Fresnillo operations and robust cash generation. The project operator Fresnillo reports final tie-in to the power grid is expected in the coming weeks and target ramp-up to 85-90% of nameplate capacity by year end remains within reach.” said George Paspalas, MAG’s President and CEO.

Sonoro Gold Reports Underground Channel Sampling Program at Cerro Caliche Including 2.0 Meters of 7.863 Grams of Gold per Tonne

Mel Herdrick, Sonoro’s VP Exploration, commented, “The data is a good example of continuity of gold mineralization which is coincident with the normal vertical and lateral variations we see when drilling. This detailed program also provided quality and unbiased sampling of the vein and part of the exposed mineralized wall allowing a more complete evaluation of gold mineralized volumes in this area.”

Orogen Royalties Acquires New Epithermal Gold-Silver Target in Durango, Mexico

Laurence Pryer, VP Exploration at Orogen commented, “La Verdad was identified by Orogen’s technical team using our proprietary regional databases. The property offers excellent opportunity for discovery with several geological similarities to Ermitaño, which was identified by Orogen in 2015 (P&P reserves of 337 Koz gold and 4.9 Moz silver). La Verdad and other projects being generated by our technical teams illustrate Orogen’s commitment to organic royalty generation as a pathway to value creation.”

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