“Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09.” said Jorge Ganoza, Fortuna’s President and CEO
Heliostar CEO, Charles Funk, commented, “Finding a self-funded solution that diminishes the amount of equity dilution to advance the development of the Ana Paula Project and undertake a Test Mining program has been the Company’s focus in 2024. Today’s announcement puts Heliostar on the front foot to continue to de-risk the Ana Paula project and accelerate its path to commercial production.”
Greg McKenzie, President and CEO, commented: “We are pleased with the strong returns from the La Estrella, San Rafael and C1940 Zones. High-grade mineralization can be traced at La Estrella over a strike length of 225 m, vertical extent of 135 m, and true thickness of up to 6 m. Limited mining was previously conducted by First Majestic within these zones, and they were not included in the August 2023 Resource Estimate. We anticipate these results will have a positive impact on future resource updates.”
Ernesto Balarezo, Sierra Metals’ CEO, comments, “We are pleased to report an updated NI 43-101 report showing mineral reserves and resources for both our Yauricocha and Bolivar mines, supporting the long production history of both assets. Preparing a compliant NI 43-101 report with such a significant amount of mineral reserves and resources demonstrates we have a clear path forward and the foundation in place to enhance and to maximize the returns of the growth initiatives that we have planned at our mines.”
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