“Development of Media Luna remains on track for first production in Q4 2024 followed by commercial production in early 2025. The successful completion of Media Luna is expected to result in a return to positive free cash flow in mid-2025 as production ramps up and capital expenditures normalize.”
Fabled Silver Gold Corp. wishes to announce that it has mutually terminated its letter of intent with Kootenay Silver Inc. with respect to the proposed acquisition the Mecatona Property, as first announced in its press release dated February 21, 2023.
“We are very encouraged with the exploration results that have been achieved throughout 2023,” stated Keith Neumeyer, President & CEO of First Majestic. “The recent drilling has accomplished multiple goals from highlighting new geologically prospective areas to expanding and further defining known silver and gold mineralization. These results provide the basis for First Majestic’s year-end update of Mineral Resource and Mineral Reserve estimates expected to be released at the end of March.”
“In keeping with our outlook for 2024, as anticipated, the SART Zinc circuit commissioning was finalized at Parral in January, and now we will ramp up the production of zinc and increased precious metals production. We anticipate reaching the average run rate by July of this year when we will fully realize the benefits of the Zinc circuit providing increased free cash flow and production at Parral. The SART Zinc circuit was completed on budget and on schedule,” said Brad Langille, President and CEO.
Maximilian Sali, VP of Corporate Development, remarked, “The team at NZEC has demonstrated exceptional agility in swiftly evaluating and initiating workovers on numerous oil wells with substantial historical production, gearing up to bring them online as they prepare for the pivotal but de-risked Tariki-5 gas well drill. With a current float of just over 8 million NZEC shares, Monumental Energy stands poised to see significant benefits from this investment.”
“We’re excited by the outcomes of Orla’s Camino Rojo Sulphide infill drill program. The results contribute to refining our understanding of the deposit’s higher-grade zones to inform future development planning. The discovery of a new mineralization style beneath the Caracol formation adds a compelling new dimension to our exploration efforts in 2024.”
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