“With another strong quarterly performance, we are on pace for a record year both operationally and financially. Production of 135,400 ounces was above our quarterly guidance, putting us on track to set a new record for annual production. Given the strong year-to-date performance, we are raising our full year production guidance by 5% to a range of 515,000 to 530,000 ounces. With total cash costs and all-in sustaining costs below the mid-point of guidance in the quarter and year-to-date, we are also on track to achieve full year cost guidance,” said John A. McCluskey, President and Chief Executive Officer.

Ramp up of the Juanicipio plant continued to be the focus during the quarter with the plant reaching its target milling rate of 4,000 tonnes per day in September, marking a step change in performance relative to the comparative quarter and a successful transition to a fully independent producer.

Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to confirm we have successfully completed the safe ramp-up of our new Juanicipio mine which is now running at nameplate capacity in line with our forecast timeline. It is having a positive impact on both silver and gold production year to date, helping to offset the lower production at Noche Buena as it nears its end of life, with higher production of both lead and zinc further supporting our overall performance. We remain on track to meet our full year production guidance.”

Akiba Leisman, Chief Executive Officer of Mako states that, “Since August 14th, after permits to begin mining Las Conchitas were received, and bulk sample mining was fully ramped up at Las Conchitas, the mine has been operating at record levels. September was an all-time record of 3,817 ounces recovered, and October is on pace to significantly exceed this.”

Xali Gold Corp. is pleased to advise that the previously announced agreement to buy back a 1.5% Net Smelter Return royalty over the Casua Property from Minera Silex Peru S.R.L., held by Golden Minerals Company has now been completed and duly registered in Peru.

Defiance Silver Corp. is pleased to announce the appointment of George Cavey P.Geo., to its Board of Directors replacing Dunham L. Craig.