Eric Caba, President and CEO of Bear Creek, states, “I am very pleased that the progress made at Mercedes in the fourth quarter of 2023 has continued into 2024. Increasing the grade and reducing dilution has allowed us to reduce costs while maintaining the higher level of production.”
Fred Davidson, President & CEO of IMPACT, stated, “In 2023, we were able to leverage our silver producing assets and add meaningful new gold production resulting in strong revenue growth on a year over year basis. We integrated the acquisition of the Plomosas mine and are in the process of bringing it back online and expect this high-grade zinc operation to meaningfully add to the Company’s financial results going forward. Notwithstanding, inflationary pressures across the operation and throughout the supply chain, continued to negatively impact profitability.”
“We are very encouraged by the initial results from our re-evaluation of the Nora Project,” said Michael Romanik, president of Silver Dollar. “Follow-up geological mapping is underway and will include a detailed examination of the Candy Vein outcrops and known faults in the surrounding area to gain a better understanding of structural controls and define potential drill targets.”
Silver Tiger’s CEO, Glenn Jessome, stated, “We are pleased this new set of assay results continue to both confirm and expand the near-surface Stockwork gold deposit. Of particular interest is the developing “Footwall Zone” to east that continues to show grade and continuity while expanding the mineralization footprint.”
“Q1 represented a strong start to 2024 from a safety and production stance, with continued strong production from Santa Elena and an encouraging outlook for La Encantada,” said Keith Neumeyer, President & CEO. “I am proud of the safety performance that we are achieving across our operations while delivering on our production plans. Santa Elena continues to exceed our expectations with another quarter of robust production.”
Minera Alamos Inc. is pleased to report that further to its Santana operations update the Company’s contractor mobilized at the Santana mine site at the beginning of April with mining activity at the Nicho Main zone to commence shortly.
Infinitum Copper Corp. is pleased to announce that it has received acceptance from the TSX Venture Exchange of the previously announced consolidation of the issued and outstanding common shares of the Company at a ratio of two pre-consolidation Common Shares for one post-consolidation Common Shares.
Paul Weedon, Senior Vice President of Exploration, commented, “Drilling on the Yessi vein, since the initial discovery hole in August 2023, has continued to establish a well-defined system, with recent results such as 1,327 g/t Ag Eq over an estimated true width of 3.0 meters from 604.85 meters in SJO-1444 and 1,036 g/t Ag Eq over an estimated true width of 8.1 meters including 2,910 g/t Ag Eq in SJO-1460 highlighting the potential for high-grade shoots.”
Eric Sprott announces that today, 2176423 Ontario Ltd., a corporation which is beneficially owned by him, purchased 388,500 common shares of Discovery Silver Corp. over the Toronto Stock Exchange (representing approximately 0.1% of the outstanding shares on non-diluted basis) at a price of $0.90 per share for aggregate consideration of $349,650.
Excellon Resources Inc. is pleased to announce that, further to the Company’s news release dated April 4, 2024, it has closed the first tranche of its previously announced non-brokered private placement offering of units of the Company for aggregate gross proceeds to the Company of approximately $709,574.
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