“The Company had a strong operational start to the year, despite a 17-day operating shutdown in Mexico in February,” stated Americas President and CEO Darren Blasutti.
“The Napoleon Vein was the first major discovery made by Vizsla at Panuco in 2020,” commented Michael Konnert, President and CEO. “We have now expanded the mineralized footprint of Napoleon area to over two and a half kilometres along strike and outlined a resource of 41.3 million ounces AgEq Indicated and 28.7 million ounces AgEq Inferred.”
“The first quarter results are aligned with our 2023 production guidance, which anticipates higher silver output in the first half of 2023 compared with the second half of 2023, due to planned grade reductions. Our priorities continue to focus on mine debottlenecking and plant optimization. We are also focused on advancing mine life extension opportunities including accelerating definition drilling on the mineralization recently discovered at depth in the new South-East Deeps zone, and continuing exploration of the extensive land package in the highly prospective Los Gatos district.”
Excellon Resources Inc. is pleased to announce a non-brokered private placement of up to 28,571,428 subscription receipts of the Company at a price of C$0.35 per Subscription Receipt for aggregate gross proceeds to the Company of up to approximately C$10,000,000.
“The initiation of the environmental permitting process at Cerro de Oro marks the culmination of a tremendous amount of work completed by the Minera team and our external consultants. We are thrilled to be moving down the path to bring a new gold mine to the State of Zacatecas, supporting the local economy and local stakeholders who have been extremely supportive since the Company acquired the Cerro de Oro project in the fall of 2020” stated Doug Ramshaw, President.
During the first quarter of 2023, the Camino Rojo Oxide Mine produced 25,910 ounces of gold and sold 26,752 ounces of gold.
“Hecla’s silver mines delivered another strong operational quarter with new milestones achieved at both Greens Creek and Lucky Friday,” said Phillips S. Baker, Jr., President and CEO.
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