Vizsla Silver Corp. is pleased to announce that, further to its news release dated January 6, 2025, it has filed an independent technical report containing an updated mineral resource estimate on the Company’s Panuco silver-gold project.
Paul D. Gray, Luca VP Exploration, commented, “The Tahuehueto Team is extremely excited with the results from these, the first drillholes that the Project has seen in over 12 years. The results from the four drill holes have confirmed key exploration objectives”
Achieved Annual Production and Cost Guidance: The Company produced 21.7 million AgEq ounces, consisting of 8.4 million silver ounces and 156,542 gold ounces at an average AISC of $21.11 while setting “best in class” record safety performance.
“Gold and silver mining stocks have historically been correlated to bullion, but in recent years, they’ve lagged the price of the physical metals,” said John Hathaway, CFA, Managing Partner, Sprott and Senior Portfolio Manager, Sprott Asset Management USA, Inc. “Gold and silver mining stocks could offer significant catch-up potential.”
“We continue to intersect satellite zones that are open to expansion including 24 metres grading 5.10 g/t gold, over 150 metres below the base of the High Grade Panel and 3 metres grading 21.4 g/t gold in the Parallel Panel. These indicate that more infill drilling can add higher grade ounces to the Ana Paula resource model.”
Greg Smith, President & CEO of Equinox Gold, commented: “Equinox Gold finished 2024 with its strongest quarter of production, bringing full-year production to an annual record of 621,893 ounces of gold with 623,579 ounces of gold sold, and driving record financial results including revenue and cash flow from operations.”
“2024 marked another year of consistently strong operational results from Morelos. With gold production of more than 452,000 ounces, we met our annual guidance for the sixth year in a row. The team continued to deliver new operational firsts, achieving a new annual average gold recovery record of 90.6% at the processing plant and a record annual mining rate from ELG Underground of close to 2,100 tonnes per day.”
“Pan American generated record free cash flow of $196.2 million in Q4 and $445.1 million in 2024, reflecting strong metal prices, expanding margins, and solid operating performance, highlighted by strong silver and record annual gold production,” said Michael Steinmann, President and Chief Executive Officer.
“Our significant investment in exploration continues to create value with global Mineral Reserves increasing 31% to 14 million ounces, including another substantial increase in higher-grade Reserves and Resources at Island Gold. We will be incorporating this growth into the Island Gold District Life of Mine Plan and Expansion Study to be released later this year that we expect will outline a larger, and more valuable operation.”
John MacKenzie, CEO of Capstone, commented: “We achieved record copper production and EBITDA generation in 2024, representing tangible delivery on our peer leading growth. During the year we realized the first phase of the transformation of Capstone Copper by ramping up Mantoverde and Mantos Blancos, while improving our balance sheet strength and financial flexibility.”
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