Fortuna Silver Mines Inc. reports production results for the fourth quarter and full year 2023 from its five operating mines in Latin America and West Africa. For the full year 2023, Fortuna produced a record 326,638 ounces of gold and 5,883,691 ounces of silver or a record 452,389 gold equivalent ounces, including lead and zinc by-products.

GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of up to 15 million units at a purchase price of $0.10 per Unit, to raise total gross proceeds of up to $1.5 million.

Vizsla Silver Corp. is pleased to announce its intention to spin out the shares of Vizsla Royalties Corp., a wholly-owned subsidiary of Vizsla Silver, to the Company’s shareholders. Vizsla Royalties currently holds, indirectly, a net smelter royalty on any potential future mineral production at Vizsla Silver’s flagship, 100% owned Panuco silver-gold project located in Sinaloa, Mexico.

CEO Vikas Ranjan commented: “We believe that 2024 will be a key year for Vortex, as the company will be advancing towards permitting both VMS projects in Mexico while advancing the highly prospective brownfield Illapel project in Chile. The Illapel project is adjacent to the Rio 27 mine, which has processed approximately 400,000 tonnes of ore at an average grade of 1.39% copper. Our senior geologist John Larson has identified highly prospective drill targets adjacent to and along the strike from the Rio 27 mine.”

“Our 2023 production results reflect the significant contribution from the assets we acquired through the Yamana transaction, and are broadly in line with our expectations,” said Michael Steinmann, President and Chief Executive Officer.

Jody Kuzenko, President and CEO of Torex, stated: “2024 will be a transformational year for Torex as we wind down the ELG Open Pits, continue steady production from ELG Underground, commence stope mining at Media Luna, complete an internal economic study on developing EPO, and further bolster our ongoing drilling success, all while running one of the safest operations in the industry. With 2024 expected to be the final year of significant investment in the Media Luna Project, Torex is well positioned to return to positive free cash flow in 2025.”

“The Avino Mine continued to provide consistent results in the fourth quarter of 2023; however, overall production was impacted by mining in lower grade areas, and lower recovery rates,” said David Wolfin, President and CEO of Avino. “Although grades were lower than 2022, we did see positive increases as we moved into other blocks of the mine compared to the third quarter.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are in a good position for the New Year with a strong balance sheet, excellent projects and the key transactions that Riverside completed in 2023, setting us up now for an excellent 2024. To our knowledge, Riverside is one of the better positioned companies, compared to our peers, to benefit from a potential incoming general commodities sector upside.”