Category: Exploration and Development

“We are very excited about the new high-grade gold and silver system, Navidad; this is the most promising discovery at the Santa Elena property since Ermitaño was discovered in 2016. Four drill rigs are currently focused on this area, which appears to have the potential to expand as it is open in all directions”, stated Keith Neumeyer, President & CEO of First Majestic.

Silver Tiger’s CEO, Glenn Jessome, stated, “As we progress to a PFS release in September 2024 we continue to receive promising assay results, especially in the newly defined Keel Zone and high-grade El Tigre and Seitz Kelly veins.”

Sierra Madre Gold and Silver Ltd. is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes which contained approximately 3,000 grams of silver and 30 grams gold per DMT.

“Development of Media Luna continues to track to schedule, with first production of copper concentrate anticipated by year end and commercial production expected in Q1 2025. As at the end of June, Media Luna was 78% complete across engineering, procurement, underground development/construction, and surface construction, compared to 69% at the end of March.

The Company is excited to be mobilising equipment during the week beginning 29th July 2024. These preliminary works will provide access to the Cerro Grande adit. Once the historic adit can be accessed a mining contractor will be engaged to drive a 100m long 3 metre x 3 metre access tunnel to the mineralised body.

Akiba Leisman, CEO of Mako states, “these exceptional results across multiple zones at Las Conchitas are showing high grade potential over hundreds of meters of strike. Now that the RC program has ramped up, averaging over 1,000 meters of drilling per week, we will be reporting results on a more frequent basis.”

Mr. Dan Barnholden, CEO, commented, “We are extremely pleased with our progress at the Tahuehueto Gold Mine. Processing rates are currently averaging 450 tpd and we expect to steadily increase over the coming weeks to reach commercial production in September 2024.”

“An estimated after-tax NPV (5%) of more than US$1.1 billion, an after-tax IRR of 85.7% and a payback period of approximately nine months, helps solidify Panuco as a world class development project in the precious metals space,” commented Michael Konnert, President and CEO. “The PEA, based on conservative metals prices of US$26/oz silver and US$1,975/oz gold, outlines a high-margin, underground silver primary mine with substantial silver-gold production of 162.1 million silver-equivalent ounces over an initial 11-year mine life.”

“We are pleased with the latest results which show further potential in the South-East Deeps zone beyond what we will be including in our next reserve and resource estimates update, which we continue to expect to complete in the third quarter of 2024,” said Dale Andres, CEO of Gatos Silver.

“Construction is well past the halfway mark, and site activities are beginning to peak,” commented Don Gray, Chief Operating Officer. “We are very pleased with the advance at the Upper Platform, which should be ready for dry commissioning in Q3 2024. We are concentrating resources on the Lower Platform to finalize earthworks and begin concrete works in early Q3. Underground mine development continues advancing in line with expectations as we accessed ore in Q2.”