“The consistent operational and cost performance that investors have come to expect of Torex continued in the first quarter of 2023, placing the Company in an excellent position to deliver on full year operational guidance for a fifth year in a row. During the quarter, the team produced 122,918 ounces of gold at an all-in sustaining cost of $1,079 per ounce, implying an all-in sustaining costs margin of 42%.”
“Going forward, Pan American will be a significantly larger, more diversified company following our acquisition of Yamana. Our guidance for 2023 demonstrates the positive impact of the four new mines on production and costs, and we are excited by the growth opportunities the combined portfolio presents.”
“GoGold maintains a strong balance sheet with over $100 million USD in cash which continues to allow us to advance our Los Ricos South project in an expeditious manner.”
“Step-out drilling along the southern extent of Copala continues to deliver high-grades over broad widths, beyond the January 2023 resource wireframes,” commented Michael Konnert, President & CEO. “Today’s results extend the Copala mineralized footprint by ~150m to the south of previously reported drilling and represents a potential shoot of new mineralization with a vertical profile of ~280m.”
“We are very excited with MCR’s progress at the SDA Plant,” says Joanne Freeze, President and CEO of Xali Gold. “The Profit Sharing Agreement with MCR and the same with Sun River Gold on the El Oro Tailings project will allow us to put our assets to work and provide cash flow while we continue to evaluate other opportunities.”
Golden Minerals Company has today released financial results and a business summary for the quarter ending March 31, 2023.
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