“Fresnillo reports a solid operating result in the fourth quarter, with full year production in line with our guidance. In particular silver output was driven by a strong performance from our Fresnillo mine which is showing consistent improvement and the continued contribution of our new Juanicipio project offsetting the expected lower grades at San Julián.”
“2022 was a pivotal year for the growth of Avino” said David Wolfin, President and CEO. “We were thrilled to close the acquisition of La Preciosa in March, which factors prominently into our growth plan to become an intermediate producer.”
Tony Makuch, CEO, states: “We are extremely pleased with the results from our Pre-Feasibility Study. The PFS positions Cordero uniquely in the silver developer space with a long mine life of 18 years and production averaging over 35 Moz AgEq in the first 12 years of the mine life.”
“We have now delineated approximately 60 million ounces of silver and 508 thousand ounces of gold in the indicated category and 70 million ounces of silver and 496 thousand ounces of gold in the inferred category with significant upside potential remaining in the district.”
“Information collected from the bulk sample and metallurgical test work will give investors even more confidence in the potential of the project and show the possibilities to produce gold and silver from Pilar.”
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