Orogen Royalties Inc. is pleased to provide an update and forecast on its prospect generation portfolio and partner-funded exploration for 2024.
Greg Smith, President & CEO of Equinox Gold commented: “Strong fourth quarter results capped off a good year for Equinox Gold. With 564,500 ounces of gold produced, we achieved our full-year production guidance. We also continued to advance Greenstone on budget and on schedule. Installation activities were effectively complete at December 31 and commissioning is underway to pour gold in the first half of 2024.”
Rodrigo Barbosa, Aura’s President and CEO commented, “We have made considerable progress in the fourth quarter, with production enhancements across multiple operations and achieved our highest quarterly production in 2023, reaching 69k GEO. Production at Apoena significantly improved once we reached again the Ernesto pit and pushed some of the higher grades to early 2024. At Minosa, we stabilized the mine and achieved four consecutive quarters of production improvements. At Aranzazu, we maintained a high performance level during the quarter, with stable production.”
“We finished 2023 with another strong quarter, achieving the top end of our increased annual guidance with record production of 529,300 ounces of gold. This represented a 15% increase from 2022, at lower costs, driving a record financial performance and strong free cash flow, all while continuing to invest in high-return, low-cost growth,” said John A. McCluskey, President and Chief Executive Officer.
Shawn Howarth, President and CEO, commented, “While 2023 was challenging on several fronts, Excellon remained resilient. Our transition from silver production in Mexico allows us to now focus on high quality exploration at Kilgore and Silver City. The deconsolidation of wholly owned San Pedro Resources, together with the restructuring of the Convertible Debentures, when completed, is anticipated to remove approximately $40 million in liabilities from Excellon’s balance sheet.”
“2023 was another year of significant advancements of the Los Ricos district. In less than five years, we have taken the district from having no resources to having 186 million silver equivalent ounces of measured & indicated resources and 87 million AgEq ounces of inferred resources. We also completed two preliminary economic assessments in each of Los Ricos South and Los Ricos North which showed a combined total NPV of US$871M for the district.”
Fortuna Silver Mines Inc. is pleased to report that the Company has paid down an additional $41 million of its revolving credit facility at the end of the fourth quarter of 2023, using cash on hand.
“We closed out 2023 on a high note with gold production of 137,993 ounces during the fourth quarter, the second-highest production quarter on record. With this strong finish, the team delivered on full-year production guidance for the fifth straight year. The operational performance was matched by an equally impressive safety performance, with no lost-time injuries at ELG or the Media Luna Project for the second quarter in a row.”
Dale Andres, CEO of Gatos Silver, commented: “The CLG mine performed very well during the fourth quarter and full year 2023. The operation achieved another record for mill throughput, with a quarterly average higher than 3,000 tonnes per day during the fourth quarter. This was the fourth consecutive quarterly increase in mill throughput rate, partially offsetting the expected lower grades of ore mined in 2023 compared with 2022.”
The net proceeds from the Offering will be used for ongoing drilling at the Company’s Sunnyside Property, property maintenance payments, trade payables and for general corporate purposes.
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