Mike Struthers, CEO, commented: “I’m delighted to welcome former colleague Chris Richings to the Luca team. As our new Vice-President Technical, Chris will provide invaluable leadership and direction in all technical disciplines at our mines but will initially focus on improving processes and performance at our Campo Morado Mine. Chris’s engineering study experience will also be invaluable as we examine opportunities to expand production at our Tahuehueto Mine beyond our initial 1,000 tpd goal.”

Orogen Royalties Inc. is pleased to announce that exploration partner Rackla Metals Inc. has exercised their option on the 288 square kilometre Astro gold project in the Northwest Territories, Canada.

Rodrigo Barbosa, Aura’s President and CEO commented, “In this quarter, we experienced a significant rise in production volumes in all our operations. Also, a standout accomplishment this quarter was Almas’s ramp-up, which exceeded industry benchmarks. As our operations thrived, we finalized and released a highly accretive Feasibility Study, secured funding and commenced construction at Borborema. We, at Aura team, are focused and building a solid track record in order to achieve our 450,000 Oz annualized by the end of 2025.”

“Completion of the project loan marks a step forward in our deep-rooted commitment to creating shareholder value and executing on our strategic vision to foster economic growth, environmental responsibility, and to positively impact lives by promoting local development”, said Dan Dickson, Endeavour’s CEO. “ING and Societe Generale are tier one lenders to the mining industry, and we are grateful for their partnership and support towards executing this vision. We look forward to unlocking all these benefits as we advance Terronera towards production.”

Fortuna Silver Mines Inc. reports that it has paid down $40 million of its revolving credit facility at the end of the third quarter of 2023, using cash on hand.

Newmont Corporation confirms it has reached a preliminary agreement with the National Union of Mine, Metal, and Allied Workers of the Mexican Republic aiming to end the strike initiated by the Union on June 7, 2023 at Minera Peñasquito in the Mexican state of Zacatecas.

Pan American Silver Corp. has temporarily suspended all operating activities at its La Colorada mine in Mexico due to security concerns at the mine site and the surrounding area. In the early hours of October 5, 2023, the operation experienced an armed robbery of two trailers of concentrate.

As part of the deal, workers at the Penasquito mine will receive 8% more pay for each shift, with the increase retroactive to Aug. 1, the mine workers union said in a statement. Each of the about 2,000 unionized workers will also get an equal share of a total 152 million pesos ($8.3 million).