“With the exception of El Oro, we are no longer incurring any costs to maintain exploration assets in Mexico. This includes the El Dorado property, which while still of interest, has taken too long to receive drill permits and the Company can no longer justify the holding costs.”
Heliostar CEO, Charles Funk, commented, “We are quickly advancing the re-scoping of Ana Paula towards an underground mine. The High Grade Panel is shallow and wide with a favourable orientation for productive underground mining. The Company is refining three scenarios to choose the approach that maximises the profitability of mining and shortens the timeline to production.”
“2023 is proving to be another excellent year for Torex. We continued to successfully execute on our strategic priorities through the first half of 2023, with production tracking toward the midpoint of annual guidance, development of the Media Luna Project on budget and on schedule, and positive drill results recently released for our ELG Underground.”
Chesapeake Gold Corp. today is announcing that the Company’s President and Chief Executive Officer, Alan Pangbourne will be stepping down from his role at the Company effective 1st November 2023 for personal reasons. Mr. Pangbourne will continue to support Chesapeake as President and CEO in the coming months to ensure a smooth transition.
“We’ve drilled an additional 100 holes in the Main zone at Los Ricos South since our initial July 2020 Mineral Resource Estimate and we believe they are proving to be quite impactful on our upcoming updated Resource and Preliminary Economic Assessment,” said Brad Langille, President and CEO. “Our team is diligently working to complete the studies expected to release before end of summer.”
Tony Makuch, CEO, states: “The reserve expansion and definition component of our Feasibility Study drill program at our Cordero project is now complete. In total we have added approximately 35,000 m of drilling in over 100 drill holes since the cut-off for the Pre-Feasibility Study resulting in a comprehensive drill dataset supporting the Feasibility Study of approximately 310,000 m in close to 800 drill holes.”
“We are excited to report that construction at our flagship Mantoverde Development Project (“MVDP”) remains on-time and on-budget ahead of our ramp-up commencing by year-end. Furthermore, despite a challenging start to the year, we expect our operational performance to improve in H2,” commented John MacKenzie, Chief Executive Officer.
Greg Smith, President and CEO of Equinox Gold, commented: “Following a solid second quarter, Equinox Gold delivered its strongest first half of the year on record, producing 260,408 ounces of gold and generating $506 million of revenue and $128 million of adjusted EBITDA. We remain well positioned to achieve 2023 production and cost guidance.”
The net proceeds from the Offering will be used to fund the ongoing development of a proposed heap leach mining operation at the Company’s Cerro Caliche gold project in Sonora, Mexico.
“With the surface rights agreements in place, we look forward to starting our inaugural exploration campaign on the Nora property once the drilling permit is received,” said Michael Romanik, president of Silver Dollar. “Multiple drilling contractors have visited the Property, and we are currently evaluating their bids.”
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