Day: July 31, 2024

Agnico Eagle Reports Second Quarter 2024 Results – Third Consecutive Quarter of Record Free Cash Flow Underpinned by Consistent, Strong Operational and Cost Performance; Upper Beaver Project Study Shows Solid Risk-Adjusted Returns

“We continue to deliver strong and reliable operational results which, combined with higher gold prices, drove record operating margin and free cash flow for the third consecutive quarter. As a result of the excellent performance of our operations through the first half of 2024, we are highly confident we will achieve our full year production and cost guidance,” said Ammar Al-Joundi, Agnico Eagle’s President and Chief Executive Officer.

Alamos Gold Reports Second Quarter 2024 Results

“Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. Combined with lower costs, this drove a number of financial records including free cash flow of $107 million,” said John A. McCluskey, President and Chief Executive Officer.

Prismo Metals Mobilizes for Palos Verdes Drilling

“We are eager to resume tracing the high-grade mineralization we’ve cut previously in the Palos Verdes vein by taking advantage of better hole geometry created by drilling from our Strategic Partner Vizsla Silver’s ground,” said Dr. Craig Gibson, Chief Exploration Officer of the Company.

New Gold-Silver Discovery Announced on Orogen’s Ermitaño Royalty Area of Interest

Paddy Nicol, Orogen’s CEO, commented, “The discovery of the Navidad vein system has strong implications for significantly extending the life of the Ermitaño Mine and for Orogen’s 2% NSR royalty. Only seven holes have been completed in the Navidad vein, but the scale of the discovery is already apparent with high grade gold intercepts that are approximately 750 metres apart.”

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