Month: July 2024

“Our second quarter production remained consistent with 616,571 silver equivalent ounces produced, up 5% over the second quarter of last year and tracking our production target for the year. We were able to start processing La Preciosa surface stockpile material through our mill with excellent recovery results, particularly silver, which exceeded our expectations.”

Chris Ritchie, President, commented, “In 2023 SilverCrest achieved remarkable milestones; eliminating our debt within the first seven months of commercial production, meeting our inaugural sales and cost guidance and introducing the inclusion of bullion amongst our treasury assets. However, some of our proudest accomplishments extend beyond financial success; through strategic partnerships and community engagement, we’ve continued our commitment to ESG, guided by a common sense approach that delivers value where it is needed most.”

“This transaction has significantly enhanced our exposure to rising gold prices on attractive terms, most notably in the near term. We expect our growing production and declining costs to drive significant free cash flow growth in the years ahead. With the majority of the Argonaut hedge book now eliminated, we are even better positioned to capitalize on the favourable outlook for gold,” said John A. McCluskey, President and Chief Executive Officer.

Mr. Tenesch has primarily worked as a consultant in the mining industry in the area of project development. He has served as Process Manager for both custom gravity and flotation mills where he has specialized in flotation optimization.

Golden Minerals Company announces that, pursuant to certain asset purchase and sale agreements, dated April 29, 2024 the Company has received payment in full of $2,500,000 cash, plus Value Added Tax for the Velardeña Mine and associated facilities and title has been transferred to a privately held Mexican company.

Rodrigo Barbosa, Aura’s President and CEO commented, “We ended the first half of the year with 132,500 GEO (gold equivalent ounces) and anticipate a stronger second half, positioning us to deliver our guidance. We achieved a record-high LTM production this quarter, when measured at constant prices, and we expect continued growth as our Almas mine is now fully operational and other operations have stabilized.”

At June 30, 2024, Orla had cash of $154.3 million and total debt of $78.4 million, resulting in a net cash position of $75.9 million.

“ELG continues to deliver safe, strong operational results. With second quarter gold production of 113,822 oz and 229,316 oz through the first half of the year, we’re well on pace to deliver on production guidance for the sixth year in a row.”