Fred Davidson, President & CEO stated, “This is a tremendous milestone for our Company as we embark on our next phase of growth. When we bought the Plomosas mine earlier this year, we remained steadfast in our ability that we could bring the asset back into production on time and on budget. I would like to thank our exceptional technical team for a job well done.”
Silver Viper Minerals Corp. announced today that, further to its press release April 6, 2023, it has amended the terms of the Rubi-Esperanza Option Agreement with respect to its right to purchase 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project located in the Sierra Madre of eastern Sonora State, Mexico.
Eric Caba, President and CEO of Bear Creek, states, “Mercedes did not achieve the level of gold production that we had anticipated for Q3 2023. While the efforts we have made at Mercedes to increase development, decrease costs, eliminate operating inefficiencies, and improve staffing have been largely successful, it is taking longer than anticipated for these measures to be reflected in production. As a result, we are revising our gold production guidance for 2023 to 39,000 – 45,000 ounces.”
The 2023 Technical Reports, titled “Mineral Resource and Mineral Reserve Update, Los Gatos Joint Venture, Chihuahua, Mexico” dated October 20, 2023, support the disclosure made by the Company in its September 6, 2023 press release announcing an updated Cerro Los Gatos mineral reserve, mineral resource, and life of mine plan.
Bear Creek Mining Corporation is pleased to announce that further to the Company’s news releases dated May 30, 2023, July 5, 2023, September 13, 2023 and September 21, 2023, the Company has issued a secured convertible promissory note in the amount of US$26,632,458 to defer a US$25 million current liability originally payable to a wholly-owned subsidiary of Equinox Gold Corp.
Ernesto Balarezo, CEO of Sierra Metals, commented, “During the quarter we continued to make tremendous strides in optimizing our strong portfolio of assets. We have been able to maintain Bolivar at desired levels of output and we are happy to see that our efforts at Yauricocha are paying off. We are now well along the process of divesting our Cusi silver mine, obtaining the permit to mine below the 1120 level at Yauricocha and improving our balance sheet. We remain steadfast in our focus to safely grow our business and create long-term value.”
“Initial due diligence was completed to get a sense for the area, to quicky see those results yield high values for gold and silver showcases the true potential beyond Pilar.” stated Brodie Sutherland, CEO. “Not only are we seeing an extension of the Pilar mineralized system immediately to the north of the previous boundary, we are seeing significant gold values well beyond with excellent indications in the geochemistry that there is more to be discovered.”
“To finalize this agreement is a major milestone for the Company, completely changing our trajectory towards becoming a producer with significant resource potential.” Stated Brodie Sutherland, CEO. “To now be able to explore a much larger area primed for new discoveries and provide immediate expansion potential to Pilar itself gives our shareholders added upside.”
Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, “Our multi-asset portfolio has been able to deliver consistent production so far this year, and in total we have produced almost 17 million silver equivalent ounces, including just over 5 million ounces of silver. While we do expect operations to vary by asset quarter to quarter, our objective is to deliver stable production throughout the year, while at the same time reviewing and streamlining operations to achieve efficiencies and reduce costs.”
“These encouraging drill results expand our knowledge as we continue to push the boundaries of the mineralized horizons along the Santa Cruz vein. Given the widths and grades of the intersections near existing development, this work is expected continue Guanacevi’s history of growth and reserve replacement,” stated Dan Dickson, Chief Executive Officer.
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