Defiance Silver Corp. announces that the case initiated against the illegally and fraudulently transferred mineral concessions concerning its Tepal Project has been admitted for trial by a District Court in Michoacán, Mexico. An evidence hearing will be scheduled shortly.
“In the third quarter of 2022, the Company posted the best safety performance in its 65 year history and delivered solid operational results. With a strong first nine months of the year, the Company is tracking well to deliver on its production and cost guidance in 2022,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.
“We had a solid third quarter overall, including our highest production in nearly two years. Our operations performed well with production near the top end of quarterly guidance and representing a 19% increase from the second quarter.”
“As we look forward to the commencement of milling operations, Juanicipio continued to demonstrate strong operating performance this quarter with milling at Fresnillo’s processing facilities increasing to over 180,000 tonnes and production of 2.6 million silver ounces bringing year to date silver production to just under 7.4 million ounces.”
“We have delivered a solid quarter of production, with continued improvement in volumes at both Fresnillo and Saucito particular positives, albeit this was partially offset with the lower ore throughput and expected grade variability at San Julián Disseminated Ore Body.”
“The private placement is a fundamental step in the growth of Empress’ vision and business strategy, and we welcome Rick Rule as a long-term strategic investor,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty.
Canasil Resources Inc. announces closing on October 24, 2022, of a first tranche of the previously announced non-brokered private placement covering 3,082,741 units at a price of $0.055 per Unit for total gross proceeds of up to $169,550.
Luis Marchese, CEO of Sierra Metals, commented,“The tragic mudslide event that took place at the Yauricocha Mine last month has been extremely difficult for all of us at Sierra Metals. Safety for everyone remains our highest priority. As such, mining operations have re-commenced at a portion of the Yauricocha Mine, while a very thorough safety assurance process continues before restarting operations in the remaining areas.”
Chris Wright, Chairman & CEO, commented: “We continue to be encouraged by the expanding envelope of mineralization well outside the limits of the current resource area. The mineralized body encountered by high-grade drill holes DDSA-21-36 & 37 and then further at depth with hole DDSA-22-52 clearly demonstrates the strength of the mineral system and the exploration potential at depth outside of the current resource area.”
“The phase II drill program was successful in expanding the dimensions of the Brazo structure in both strike directions and at depth,” said Mike Romanik, president of Silver Dollar. “Interpretation of the drill results is being integrated with the geophysics and surface work to propose the next steps to expand on the Brazo mineralization and test for similar style mineralization proximal to and around the Coloradito intrusive contact. The drill remains on site and can be mobilized quickly.”
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