Day: February 16, 2023

Agnico Eagle Reports Fourth Quarter and Full Year 2022 Results – Larger Asset Portfolio Drives Record Annual Gold Production, Operating Cash Flow and Global Mineral Reserves; Updated Three Year Guidance Provided; 2023 Focus on Optimizing Detour Lake and Canadian Malartic and Leveraging Excess Mill Capacity in the Abitibi Region to Advance Key Pipeline Projects

“From a safety and operational standpoint, 2022 was another strong year as we had our best safety performance in our 66 year history, we met production forecasts and managed our costs in a highly inflationary environment,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer. “It was a transformational year for Agnico Eagle. The merger with Kirkland Lake Gold and the pending acquisition of Yamana’s Canadian assets will result in the consolidation of the Abitibi Gold Belt, one of the best gold regions in the world, and positions us well to continue to grow and create value for all our stakeholders for years to come.”

Impact Silver Announces Results of Aurora 2 Drilling

IMPACT Silver Corp. announces drill results from the Aurora 2 Zone located 1.3 kilometers northeast of the Capire processing plant and 16 kilometers south of IMPACT’s other active mining and processing operations at the Royal Mines of Zacualpan in central Mexico.

Avino Adds Significant Mineral Resources to Total 368 Million Silver Equivalent Ounces Across All Properties

Avino President and CEO, David Wolfin commented: “We are thrilled to deliver this updated mineral resource representing another milestone for Avino on our path to transformational growth. This update is a significant boost to our overall consolidated mineral resources at the Avino property, with the new ounces coming in at a cost of $0.05 per discovered silver equivalent ounce – an incredible achievement.”

MAG Silver Closes C$23 Million Common Share Flow-Through Private Placement

MAG Silver Corp. announced today that it has completed its previously announced bought deal private placement and has issued 969,450 common shares on a “flow-through basis” (as defined in the Income Tax Act (Canada), including 126,450 Flow-Through Shares issued upon the full exercise of a 15% over-allotment option, at a price of C$23.75 per Flow-Through Share for aggregate gross proceeds of C$23,024,437.50.

All News