Jody Kuzenko, President & CEO of Torex, stated: “2024 is off to a solid start with production and costs tracking to full-year guidance. Operational results were in line with expectations, with quarterly gold production of 115,494 ounces at all-in sustaining costs of $1,202 per oz.”

“Cash flow from operations before working capital changes of $133.2 million in the first quarter reflects strong performance on production and costs, with silver and gold production in line with our expectations, and costs for both metals lower than expected,” said Michael Steinmann, President and Chief Executive Officer.

Alex Langer, Sierra Madre’s President and CEO, states: “After a thorough and extensive process, we are very pleased to announce this non-equity, non-dilutive financing. The Loan will allow us to complete all necessary steps for the possible restart of the fully permitted La Guitarra Silver and Gold mine.”

“The fourth quarter results and its increase over the third quarter confirm the good performance and positive changes experienced at San Martin Mine,” stated Salvador Garcia, Chief Operating Officer of the Company. “This has been a process which started in the last two years in developing a new geological model. As a result, new exploration targets have emerged and new ore bodies were discovered, some of good grade and others of high volumes of economical ore.”

“At Parral, we’re seeing the benefits of increasing production and rising metal prices, along with the successful addition of the SART zinc circuit. With our production anticipated to continue increasing in the coming quarters, we see it being a contributor to our strong balance sheet and ability to execute on our Los Ricos South project,” said Brad Langille, President and CEO.

Production of 5.2 million silver equivalent ounces, consisting of 2.0 million silver ounces and 35,936 gold ounces, in line with the Company’s 2024 production guidance plan as management anticipates improvements in the second half of the year due to planned higher ore grades and throughput rates.

“Our operations performed in line with expectations for the first quarter with 112,543 of gold equivalent production, $84.3 million in cash from operations before working capital changes and earnings per share of $0.09.” said Jorge Ganoza, Fortuna’s President and CEO

Heliostar CEO, Charles Funk, commented, “Finding a self-funded solution that diminishes the amount of equity dilution to advance the development of the Ana Paula Project and undertake a Test Mining program has been the Company’s focus in 2024. Today’s announcement puts Heliostar on the front foot to continue to de-risk the Ana Paula project and accelerate its path to commercial production.”