Day: November 25, 2024

Orogen Royalties Announces Another Strong Quarter in Royalty Revenue

Paddy Nicol, CEO of Orogen Royalties, commented, “We are reporting another quarter of record royalty revenue from the Ermitaño mine that is supported by consistent production, high gold and silver prices, and strong recoveries. We are pleased that royalty revenue has remained strong since production began in 2021 and that First Majestic has continued to invest capital in operational optimization, exploration and underground development of the Ermitaño mine.

Santacruz Silver Reports Third Quarter 2024 Results

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Following the successful restructuring of the Share Purchase Agreement (SPA) with Glencore, the Company has significantly enhanced its financial position. This achievement, coupled with strong operational performance and solid revenue growth, led to a successful third quarter, highlighted by $78 million in revenue, $16 million in EBITDA, and $18 million in cash and cash equivalents.”

Fuerte Metals Hits at Step-out Holes at the Los Ingleses Vein, Intercepts 12.1 g/t AuEq over 1.1 m, 8.9 g/t AuEq over 1.2 m and 6.0 g/t AuEq over 2.8 m at its Cristina Project in Chihuahua, Mexico

Tim Warman, Atacama’s CEO, commented: “These wide-spaced, expansion holes at Los Ingleses confirm the presence of high-grade mineralization on the eastern edge of the planned grid drilling, indicating the start of another high-grade shoot plunging to the east. This is an excellent start for expansion on a second vein system. More drilling will be required to extend the mineralization and add to the overall resource along the identified plunge.”

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