“Our strong third quarter operational and financial results signal the beginning of what we expect to be a new chapter of consistent free cash flow for Coeur,” said Mitchell J. Krebs, Chairman, President and Chief Executive Officer.
Due to common observed presence of visible gold in the mineralized samples from the Boston Mine, Masivo is conducting metallic screen assays on samples for hole No.2 and No.3 that returned significant gold values. This is a common analytical practice where coarse gold can create a “nugget” effect that can both under and over estimate sample assay results.
Greg Smith, President and CEO of Equinox Gold, commented: “This was a record quarter for Equinox Gold, with our best-ever third-quarter production and all-time highest quarterly revenue and adjusted EBITDA, reflecting the ongoing ramp-up at our Greenstone Mine and strong gold prices.”
“Hecla produced 3.6 million ounces of silver in the third quarter, bringing year-to-date production to 12.3 million ounces. Lucky Friday had a strong quarter as the mill achieved the second-highest throughput in its 80-year history after a record last quarter,” said Cassie Boggs, Interim President and CEO.
“We achieved a number of operational and financial records in the third quarter. Production increased to a record 152,000 ounces reflecting the addition of Magino and continued strong performances from Island Gold and Mulatos.”
Fuerte Metals joins the London 121 Mining Conference, aimed at attracting investment and discussing its project advancements with stakeholders.
Chesapeake granted options at C$1.80, vesting at 25% annually starting in 2025, tied to its vast Metates Project in Durango.
Heliostar Metals Ltd. is pleased to announce the closing of two previously-announced debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd. for aggregate gross proceeds of US$10 million to support its acquisition of assets from Florida Canyon Gold Inc.
“Pan American generated record financial results in Q3 2024, including record free cash flow of $151.5 million, reflecting improved operating margins from the increase in production and silver and gold prices over Q2 2024,” said Michael Steinmann, President and Chief Executive Officer.
Ternium S.A. (NYSE: TX) reported its third-quarter and nine-month financial results for 2024, noting strong steel shipments, especially in Mexico, and increasing shipments in Brazil and Argentina. However, Adjusted EBITDA for Q3 was $368 million, reflecting lower margins amid falling steel prices. Net cash decreased to $1.7 billion due to capital expenditures of $446 million, including investments in Mexican expansion and an Argentine wind farm.
Mexico Mining Center © 2021 / All Rights Reserved
