Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Strong metal prices significantly bolstered our average realized price per silver equivalent ounce sold. Coupled with robust production, Santacruz delivered a solid financial performance in Q2 2024, achieving $70 million in revenue and nearly $16 million in gross profit.”
“We are excited to partner with Trafigura to fully finance the EC120 Project development,” stated Americas Executive Vice President and CFO Warren Varga.
“The completion of construction at the Tahuehueto mine stands as a pivotal achievement for Luca,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “With the strategic leadership of Luca’s newly appointed CEO and the favorable trajectory of precious metals prices, we are excited about the promising future of this mine.”
Goldgroup would acquire full ownership of Apolo which is the 100% owner of the fully permitted gold project located 140 kilometers east of the capital Zacatecas in the state of Zacatecas, Mexico (the “Pinos Project”).
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.”
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