Month: August 2024

Golden Minerals Company has today released financial results for the quarter ending June 30, 2024.

Tony Makuch, CEO, commented: “Discovery’s most significant milestone to date in 2024 was the release of the Cordero feasibility study results in February and subsequent filing of the technical report at the end of the first quarter.”

“In the second quarter, we delivered record revenues as a result of higher metal prices combined with consistent production from our Avino Mine,” said Nathan Harte, Chief Financial Officer. “We saw improvements in all key financial metrics compared to Q2 2023, with cash flow generation and operating margins strengthening our cash and working capital positions.”

Colibri Resource Corporation is pleased to report that the co-owner of its Pilar Gold & Silver Project in Sonora, Mexico, Tocvan Ventures (51% interest) has released an update regarding the plans for the next phase(s) of resource definition drilling and outlines a permitting and operations strategy for a pilot facility at the jointly held Pilar Main Zone.

Akiba Leisman, Chief Executive Officer, states that “Q2 2024 was another very strong quarter for Mako, with 12,313 ounces sold at $1,098/oz AISC. For the quarter, Mine OCF was $14.5 million, which increased cash and receivable balances by $2.4 million after the repurchase of $2.9 million in stock, while generating $8.8 million in net income.”

Prime Chief Executive Officer Scott Hicks commented, “Prime continued to execute on its growth strategy through the second quarter, with exploration drilling demonstrating the high quality of our high-grade Los Reyes gold-silver Project. Expansion drilling results at the Z-T Trend included the discovery of a new high-grade shoot containing 7.68 gpt gold-equivalent over 7.7 metres, while a highlight of generative drilling at Las Primas included an impressive 11.8 gpt gold-equivalent over 3.0 metres.”

Endeavour Silver Corp. reports the trunnion on the primary ball mill at the Guanacevi mill has failed and could take up to 12 weeks to replace. As a result, processing of material at the Guanacevi mill has been suspended.

Commenting on the Second Quarter 2024 operational and financial results, Mr. Gary C. Evans, Chairman and Co-CEO of U.S. Antimony Corporation stated, “While we are pleased with both the operating and financial results reported today for this new period, and as we continue to turn this company around, we can do better. Management has “many irons in the fire” so to speak and we are anxious to begin executing on those efforts.”