Month: October 2023

Mako Mining Provides Q3 2023 Production Results

Akiba Leisman, Chief Executive Officer of Mako states that, “Since August 14th, after permits to begin mining Las Conchitas were received, and bulk sample mining was fully ramped up at Las Conchitas, the mine has been operating at record levels. September was an all-time record of 3,817 ounces recovered, and October is on pace to significantly exceed this.”

Vizsla Silver Discovers New High-Grade Structure Located 250 Metres West of the Copala Resource

“We are excited to announce yet another high-grade, near-surface discovery at the Panuco project,” commented Michael Konnert, President and CEO. “El Molino was discovered while conducting condemnation drilling between the Copala and Napoleon resource areas where future mining infrastructure could potentially be situated. This discovery marks the second new discovery of this year’s drill program that is in close proximity to the Project’s other major resource centres.”

Xali Gold Completes NSR Buy Back on Casua Property in Peru

Xali Gold Corp. is pleased to advise that the previously announced agreement to buy back a 1.5% Net Smelter Return royalty over the Casua Property from Minera Silex Peru S.R.L., held by Golden Minerals Company has now been completed and duly registered in Peru.

Defiance Announces New Director

Defiance Silver Corp. is pleased to announce the appointment of George Cavey P.Geo., to its Board of Directors replacing Dunham L. Craig.

Gatos Silver Continues to Intercept High Grade Mineralization at Cerro Los Gatos

“We continue to be very encouraged by the results of the ongoing drill program in the South-East Deeps zone” said Dale Andres, CEO of Gatos Silver. “These drill intercepts, which are from areas outside of our current mineral reserve, further support our target of extending the mine life by the third quarter of 2024. Definition drilling is identifying high-grade zones within the broader inferred resource. We are prioritizing these zones for potential conversion to reserves.”

Silver Viper Further Amends Rubi-Esperanza Option Agreement

Silver Viper Minerals Corp. announced today that, further to its press release April 6, 2023, it has amended the terms of the Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project located in the Sierra Madre of eastern Sonora State, Mexico.

Bear Creek Mining Announces Q3 2023 Mercedes Production Results

Eric Caba, President and CEO of Bear Creek, states, “Mercedes did not achieve the level of gold production that we had anticipated for Q3 2023. While the efforts we have made at Mercedes to increase development, decrease costs, eliminate operating inefficiencies, and improve staffing have been largely successful, it is taking longer than anticipated for these measures to be reflected in production. As a result, we are revising our gold production guidance for 2023 to 39,000 – 45,000 ounces.”

Gatos Silver Announces Filing of Updated Technical Reports

The 2023 Technical Reports, titled “Mineral Resource and Mineral Reserve Update, Los Gatos Joint Venture, Chihuahua, Mexico” dated October 20, 2023, support the disclosure made by the Company in its September 6, 2023 press release announcing an updated Cerro Los Gatos mineral reserve, mineral resource, and life of mine plan.

Bear Creek Mining Announces Issuance of Promissory Note to Equinox Gold

Bear Creek Mining Corporation is pleased to announce that further to the Company’s news releases dated May 30, 2023, July 5, 2023, September 13, 2023 and September 21, 2023, the Company has issued a secured convertible promissory note in the amount of US$26,632,458 to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp.

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