Month: November 2023

Gatos Silver Reports Third Quarter 2023 Financial Results and Increases 2023 Production Guidance

Dale Andres, CEO of Gatos Silver, said: “The LGJV continues to generate robust cash flows with the CLG mine consistently producing high margin silver ounces. As a result of continued good operational performance in the first month of the fourth quarter along with recent optimization of the mine plan, we are increasing our 2023 full year silver and silver equivalent production guidance by 16% and 8% respectively, based on the midpoint of each guidance range.”

Former Bear Creek Mining CEO Tony Hawkshaw Passes Away

The Board of Directors of Bear Creek Mining Corporation announces with great sadness that Mr. Anthony (‘Tony’) Hawkshaw, former CEO and director of the Company, passed away on November 4th after a valiant battle with cancer.

Newmont Acquires Newcrest, Successfully Creating World’s Leading Gold Mining Business

“Today marks a historic milestone in our company and the industry with the successful completion of this transformational acquisition of Newcrest by Newmont,” said Tom Palmer, Newmont’s President and Chief Executive Officer. “Our attention now turns to safely, efficiently, and responsibly integrating Newcrest’s assets and people into Newmont’s proven operating model, so we can accelerate the delivery of our value-focused strategy for all our stakeholders.”

Argonaut Gold Releases 2022 ESG Report and ESG Strategy

“Our 2022 ESG Report reinforces Argonaut Gold’s commitment to executing our vision, mission, and values. Our vision is to become a low-cost, mid-tier North American gold producer that creates significant value for our stakeholders and proudly demonstrates responsible mining.”

Tocvan Announces Private Placement

Tocvan Ventures Corp. is pleased to announce it will shortly be closing a non-brokered private placement of up to 1,111,111 units at CAD $0.45 per Unit for gross proceeds of up to CAD $500,000.

Capstone Copper Reports Third Quarter 2023 Results

John MacKenzie, CEO of Capstone, commented, “I am encouraged by the progress we made during the third quarter in executing on our plan to improve operational reliability and expand margins across our portfolio. As construction at our flagship Mantoverde Development Project approaches completion by year-end, we look forward to a transformational year in 2024.”

Sierra Madre Increases M&I Silver-Equivalent Resources at La Guitarra by 373% to 27.2 million Ounces, Inferred Silver- Equivalent Resource Increased 204%to 20.2 million Ounces

Gregory K. Liller states, “I am extremely pleased with the results of the new mineral resource estimation. This study validates our belief that La Guitarra has a significantly overlooked resource base. Since April, our staff has been working on validating the project-wide database, incorporating historical data, auditing the previously mined areas, and refining the geologic interpretation of the vein and models. The next step to re-opening the Guitarra mine will be a Mine and Restart Plan due in the first quarter of 2024; consisting of a capital and operating cost study, the results of which will be used to evaluate the economic potential of the mine.”

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