“With the bulk of the multi-year expansion at Rochester now behind us, we look forward to beginning to deliver strong production growth and lower costs from Nevada’s largest primary silver mine,” said Mitchell J. Krebs, President and Chief Executive Officer.
Arturo Préstamo, Executive Chairman of Santacruz, commented, “During the quarter the Company maintained steady production levels, despite a temporary interruption in plant feed haulage at the Mexican operation. This was offset by higher grade ore sourced by San Lucas. In the first half of the year, Santacruz has produced just over 11 million silver equivalent ounces.”
The report summarizes work done to date which entails just over 27,000 meters of drilling in 135 holes, detailed and regional geologic mapping and sampling over five principal veins and numerous subsidiary veins.
Coeur has invested over $60 million in exploration and infill drilling at Palmarejo since 2018, which has led to strong reserve and resource growth with multiple new discoveries and meaningful extensions to its mine life,” said Mitchell J. Krebs, President and Chief Executive Officer.
The Company announced in June that it intends to restart mining operations at its Velardeña Properties, pending obtaining sufficient financing, which is still in progress. Velardeña is a silver-gold underground mine property located in Durango State, Mexico that Golden last operated in late 2015.
Heliostar CEO, Charles Funk, commented, “Drilling at Ana Paula continues to exceed our expectations and deliver impressive gold intercepts. The headline hole, AP-23-300, is a 480% increase to the current resource model prediction, at a >5 g/t gold cut-off grade.”
Osisko Development Corp. is pleased to report its financial and operating results for the three months ended June 30, 2023.
Aztec Minerals Corp. announces that it intends to complete a non-brokered private placement of up to 4,444,444 units at a price of CAD$0.225 per Unit for gross proceeds of up to CAD$1,000,000.
Recently, Fortune Bay has been undertaking a detailed review of its 100% owned Ixhuatán Project (“Ixhuatán”) located in Chiapas State, Mexico. Located in a highly favourable geological setting that parallels most of the giant porphyry systems worldwide, the project offers multiple exploration and development opportunities.
The proceeds from the private transaction enhance VVC’s overall financial position. Management intends to accelerate its U.S. helium and natural gas programs, as well as to continue development of its copper property in Mexico.
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