Guanajuato Silver Company Ltd. is pleased to announce that it has completed its previously announced shares-for-debt transaction totalling C$937,065.60 through the issuance of 2,928,330 common shares, including 468,750 Shares issued to one non-arms-length parties to settle of indebtedness totalling C$150,000.
The complaint, which was filed in August but announced only on Thursday, centers on remediation funding for eight polluted townships in Sonora.
“Our operations continued to deliver strong performance during the quarter and we’re on track to meet our 2023 guidance,” said Keith Neumeyer, President & CEO. “We are extremely pleased with the production trajectory at Santa Elena, with Ermitaño’s metal recovery and mill throughput reaching another quarterly record in Q3, combined with high silver and gold grades. Over the past years, we deployed several projects and technologies at Santa Elena which are now paying off and we are excited about the future of this operation.”
Kootenay’s President & CEO, James McDonald states, “On a silver equivalent basis, the project is now estimated to host 162.8 million ounces M+I and 44.4 million ounces inferred. On a silver only basis, the M+I resource for silver are estimated to total 68.2 million ounces with another 17.6 million ounces inferred.”
“Silver production continues to grow with almost a million ounces more this year compared to the first three quarters last year,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Despite less production at the Lucky Friday, Greens Creek’s consistent performance and the ramp-up of Keno Hill should allow us to be within our 2023 guidance of 14.5 to 15.5 million ounces.”
“The third quarter was challenging as the team pushed through the final months of the high strip, low grade phase of the open pit mine plan, which continued to require the processing of lower-grade and stockpiled material to top up the mill. As a result, quarterly gold production was 85,360 oz, which is lower than what was planned.”
“Recognizing the strategic rationale to create the industry’s strongest portfolio of world class gold and copper assets, Newmont’s shareholders overwhelmingly voted in favor of this transformational transaction,” said Tom Palmer, Newmont’s President and Chief Executive Officer.
Pan American Silver Corp. today announced that it will commence restarting operations at its La Colorada mine in Mexico on October 16, 2023, following a shift change and the transition from care and maintenance activities.
At San Antonio, Osisko Development will continue its efforts on the remaining stockpile processing, which was expected to be completed in the third quarter. The company awaits next steps from the government of Mexico with respect to the permitting process.
Akiba Leisman, CEO of Mako states that “operating improvements, resulting from permits to begin mining Las Conchitas in parallel with San Albino, have significantly improved free cash flow generation from the mine. This allows the Company to rapidly repay debt while investing heavily in exploration. A maiden resource for Las Conchitas is very nearly complete, which will allow the Company to be operating at these levels for year to come.”
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
